London, UK – December 2025: The process of buying a home in the UK is notoriously slow and frustrating, often taking up to five months to complete, with more than a third of transactions falling through before completion. A new startup, Conveyd, is on a mission to change that. Founded in 2025, the company has developed an automated conveyancing platform that cuts the average completion time from months to just six weeks — a pace around 70% faster than the national average.
Conveyd today announced that it has secured £2.5 million in seed funding to further develop its technology and scale its operations. The investment round was led by Eka Ventures, with participation from Portfolio Ventures, Founders Factory, and prominent angel investors including Eileen Burbidge (Passion Capital), Richard Harrison (Sesame Bankhall Group), and Mark Ransford, a leading fintech investor.
Speeding Up and Simplifying Home Buying
The fresh funding will enable Conveyd to expand its platform and further streamline the process from offer to ownership. Founded by Manasi Kulkarni and Stephen Cowley, both former engineering leaders at Monzo and Thoughtworks, the startup was born out of personal frustration. Their own home purchase had nearly fallen apart after six months of delays, inspiring them to redesign conveyancing through automation and user-friendly technology.
Kulkarni explained, “Anyone who has bought a house in the UK knows how painful and uncertain the process can be. What should take days often drags on for months, leaving buyers anxious about whether the deal will even go through. These delays are completely avoidable. Conveyd was created to eliminate unnecessary back-and-forth, giving home buyers faster, clearer, and less stressful transactions.”
How Conveyd Works
Conveyd’s hybrid platform combines automation with legal expertise. Around half of the conveyancing workflow—including ID verification, mortgage reporting, document analysis, and search requests—is handled by AI-powered systems. This dramatically reduces turnaround times for key steps that would traditionally take weeks.
“Our AI can complete in minutes what manual processes often take weeks to finish,” said Kulkarni. “This frees up conveyancers to focus on complex legal analysis rather than repetitive administrative work. We’re transforming conveyancing into a smoother, more transparent experience for everyone involved.”
The company’s approach differs from other players in the market such as Thirdfort, Minerva, and Hoowla, by integrating automation seamlessly with oversight from qualified lawyers. Every case remains under expert supervision, ensuring accuracy while reducing bottlenecks that typically slow down transactions.
A Diverse Team with a Mission
Diversity and inclusion are also at the heart of Conveyd’s growing team. “We’re a group of professionals from a variety of cultural and personal backgrounds,” Kulkarni said. “That diversity fuels our creativity and helps us build better solutions.”
As one of the few female founders in the legal tech space, Kulkarni also shared her thoughts on being a woman in technology. “In my experience, the real tech industry values impact and excellence above all else,” she said. “My advice to other women and underrepresented professionals is simple: be yourself. Don’t let labels or expectations hold you back — focus on doing your job brilliantly.”
What’s Next for Conveyd
With the new investment, the startup plans to enhance its AI’s capabilities even further. The team aims to build intelligent agents capable of reviewing complex legal documents and remortgage cases at a level comparable to that of a trainee solicitor, producing files that are accurate and ready for human review.
Kulkarni added, “Our goal is to reduce transaction times even further by deepening our system’s ability to analyse and interpret intricate legal documents. We’re only scratching the surface of what’s possible.”
Investor Confidence in Legal Tech Innovation
Backing from prominent venture capital firms underscores investor confidence in Conveyd’s vision to digitise and modernise one of the UK’s most outdated processes. Jon Coker, General Partner at Eka Ventures, commented, “Good consumer legal advice is essential during life’s biggest decisions, yet it remains slow, expensive, and difficult to access. We believe technology, when applied thoughtfully, can change that. Manasi and Steve impressed us with their clarity, technical expertise, and determination to reimagine the conveyancing experience. We’re thrilled to support them as they build the future of home buying.”
Transforming an Industry Stuck in the Past
Conveyd’s rapid progress since its launch in March 2025 signals a significant shift in how property transactions could be managed in the future. By blending automation, human expertise, and smart design, the startup is bringing long-overdue transparency and speed to a process that affects millions of buyers every year.
As the UK housing market continues to evolve, Conveyd’s approach could become the new standard for modern home buying — one where efficiency, fairness, and technology finally converge to make getting the keys to a new home faster and more predictable than ever before.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.