The married founders of Conveyd have raised £2.5 million seed funding to dramatically speed up the process of buying a home.
Having performed as a tenpin bowling professional in her teens, CEO Manasi Kulkarni is now looking to score a strike with the AI conveyancing platform, which she says is a world-first.
She and husband Stephen Cowley began their careers at Thoughtworks, where they each spent nearly a decade rebuilding outdated industries across finance, insurance and retail using ‘first-principles thinking’. They also set up the tech giant’s Barcelona office.
Kulkarni then joined Monzo, leading a team of more than 30 engineers building platforms and tools to enable fast and efficient customer service.
So did they always plan to found a business? Or did the notion take them by surprise?
“It definitely crept up on us,” Kulkarni tells BusinessCloud. “Both of us have been immersed in innovation and technology throughout our entire careers, so big ideas and bold bets aren’t considered scary. That’s an excellent foundation for any entrepreneur.
“But it was the slow, stressful and bureaucratic experience of buying our first home together, as well as seeing our friends and family go through the same battle, that inspired us to turn our tech skills and AI knowledge towards a new goals – developing a better way of handling conveyancing and putting the house buyer back in the driving seat.”
Conveyd automates critical parts of the admin-heavy conveyancing process and puts home buyers in the driving seat. The technology promises to reduce the number of property chains collapsing and get people from offer to ownership in record time.
Since launching in March 2025, it has supported hundreds of residential property transactions – from purchases to re-mortgages – with house-buying transactions being completed in six weeks, on average, with standard remortgaging transactions typically ready for completion in under a day. The UK currently has an average waiting time of five months.
The London startup already employs seven full-time staff.
“It’s been a whirlwind – things have definitely moved very fast and we’re scaling at a rate most founders could only dream of!” says Kulkarni. “We’ve secured first-rate partnerships, have a platform that’s getting better each day, and have now welcomed a truly exceptional group of investors to the table.
“There are daily challenges, of course, but we are feeling incredibly fired up about the coming months and years.”
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The seed round was led by Eka Ventures and joined by Portfolio Ventures, alongside existing investors Founders Factory and angels including Passion Capital founder Eileen Burbidge, Sesame Bankhall Group CEO Richard Harrison and FinTech investor Mark Ransford.
After uploading key details about a property transaction and being advised by the platform on what additional information is required, the AI automatically powers through a range of time-intensive administrative tasks in minutes that can take time-strapped conveyancing firms weeks.
Around 50% of the conveyancing process is handled by the platform’s purpose-built AI and automated systems. This includes ID checks, producing mortgage reports, requesting searches, producing search reports, ensuring essential documents are in place, and chasing third-parties on outstanding actions.
“We’re incredibly excited for what 2026 holds,” says Kulkarni. “The early signals are unmistakable: we’re catching glimpses of what tomorrow’s homeowner-focused, transparent conveyancing experience will look like and it’s nothing like what exists today. There’s still a huge amount of work ahead, which is exactly why we have raised this round.”
Jon Coker, general partner at Eka Ventures, said: “When we met Manasi and Ste, we realised they shared this view and had a unique drive and skill set that would enable them to deliver on their vision.
“We are extremely excited to partner with them as their lead seed investor and look forward to working with them over the coming years.”