What is Orchard?
Orchard is a technology company dedicated to revolutionizing the end-to-end home buying experience. Leveraging AI-powered home search capabilities, Orchard offers a modern, fully digital platform for mortgages and closings. Established in 2017 and headquartered in New York City, the company aims to streamline the complex process of purchasing a home, making it more accessible and efficient for consumers.
How much funding has Orchard raised?
Orchard has raised a total of $457M across 5 funding rounds:
Series A
$30M
Debt
$200M
Series B
$58M
Series C
$69M
Series D
$100M
Series A (2018): $30M with participation from FirstMark
Debt (2019): $200M, investors not publicly disclosed
Series B (2020): $58M supported by Accomplice, Navitas Capital, FirstMark, and Juxtapose
Series C (2020): $69M featuring Accomplice, FirstMark, Navitas Capital, Juxtapose, Revolution Growth, and Gaingels
Series D (2021): $100M backed by FirstMark, First American, Revolution, and Juxtapose
Key Investors in Orchard
Revolution
Revolution is a venture capital firm focused on investing in transformative technologies and iconic destinations, supporting entrepreneurs who are redefining possibilities. They back visionary founders at every stage and promote innovation beyond traditional tech hubs, with a strategy to strengthen communities through real estate and hospitality.
Revolution Growth
Revolution Growth invests growth capital in extraordinary companies and entrepreneurs, helping them take ideas from niche to mass and capitalize on multi-billion dollar market opportunities. They are highly selective, focusing on technology-enabled businesses that empower consumers and disrupt existing industries, acting as a hands-on partner to build lasting billion-dollar companies.
Gaingels
Gaingels is a leading investment syndicate supporting the LGBTQ community and allies, investing in companies with LGBT founders and C-suite leaders, as well as high-growth companies committed to inclusive teams. They have deployed significant capital across various sectors and stages, from Seed to Growth/pre-IPO.
What's next for Orchard?
With substantial enterprise-level backing and a recent strategic investment, Orchard is well-positioned for its next phase of expansion. The company's focus on integrating AI into home search and digitizing the mortgage and closing processes suggests a strategic push towards market leadership. Future developments are likely to involve scaling its technology, enhancing its digital platform, and potentially expanding its geographic reach to capture a larger share of the evolving real estate market. This significant capital infusion will enable Orchard to further innovate and solidify its competitive advantage.
See full Orchard company page
