Total amount raised
$285M
Latest funding date
2026-02-03
Location
Orchard has successfully navigated 7 funding rounds, attracting the support of 18 investors, including Trajectory Ventures and Sand Hill Angels. The company specializes in buying and selling homes, offering services that allow customers to purchase their next home before selling their current one.
What Is Orchard?
Orchard is a real estate company based in New York, New York, specializing in buying and selling homes. The company operates in multiple cities, including Atlanta, Austin, Dallas-Fort Worth, Denver, Houston, San Antonio, Seattle, Phoenix, Nashville, San Diego, and Orlando.
Founded in 2017 (originally as Perch), Orchard has grown to employ between 251 and 500 people. The company offers innovative services like "Move First,""FastTrack,""List With Orchard,"and "Cash Offer Marketplace"to ensure a seamless home buying and selling experience.
How Much Funding Has Orchard Raised?
- Series A (Equity + Debt)
- Amount Raised: USD 30,000,000 total (~$10M equity + ~$20M debt)
- Date: May 2018
- Lead Investors: FirstMark Capital
- Participants: Juxtapose, Accomplice
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their core product, "Move First,"which allows customers to buy their next home before selling their current one.
- Series B (Equity + Debt)
- Amount Raised: USD 220,000,000 total ($20M equity + $200M debt)
- Date: April 2019
- Lead Investors: FirstMark Capital
- Participants: Accomplice, Juxtapose
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and provide capital for home buying and selling operations; debt lender undisclosed.
- Series B Extension (Equity)
- Amount Raised: USD 36,000,000
- Date: January 2020
- Lead Investors: Navitas Capital
- Participants: FirstMark Capital, Juxtapose, Accomplice
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and improve the technology platform; the company also rebranded from Perch to Orchard.
- Series C (Equity)
- Amount Raised: USD 69,000,000
- Date: September 2020
- Lead Investors: Revolution Growth
- Participants: FirstMark Capital, Navitas Capital, Accomplice, Juxtapose
- Valuation at Round: Over $300 million (post-money)
- Motivation Behind the Round: To expand into new markets and enhance service offerings; total equity raised reached $138M at this point.
- Series D (Equity)
- Amount Raised: USD 100,000,000
- Date: September 2021
- Lead Investors: Accomplice
- Participants: FirstMark Capital, Revolution Growth, First American, Juxtapose, and a syndicate of new investors
- Valuation at Round: Over $1 billion (unicorn status)
- Motivation Behind the Round: To expand into four new markets in 2022 and launch new services, aiming to become the dominant consumer brand in home buying and selling.
- Equity Round (Undisclosed Type)
- Amount Raised: USD 30,000,000
- Date: February 2026
- Lead Investors: Undisclosed; strong participation from existing investors reported
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth, fund product innovation, and expand into new markets following 40% revenue growth in 2025.
Total Amount Raised (Equity Only): at least $285,000,000 based on disclosed equity funding. Current Valuation: Over $1 billion (as of Series D, September 2021).
Key Investors
- Accomplice
- Details: Accomplice is a seed-led venture capital firm that embraces risk. They led Orchard's Series D round and have been involved since the Series A.
- Investment Focus Areas: Technology, innovation, early-stage companies.
- Notable Investments: AngelList, Carbon Black, DraftKings.
- FirstMark Capital
- Details: FirstMark Capital is a venture capital firm known for investing in early-stage technology companies. They led Orchard's Series A and Series B rounds and have participated in every subsequent round.
- Investment Focus Areas: Technology, innovation, early-stage companies.
- Notable Investments: Pinterest, Shopify, Riot Games.
- Revolution Growth
- Details: Revolution Growth is a venture capital firm that focuses on companies outside of traditional tech hubs. They led Orchard's Series C round.
- Investment Focus Areas: Technology, innovation, emerging tech hubs.
- Notable Investments: Sweetgreen, DraftKings, Zipline.
- First American
- Details: First American is a financial services company specializing in real estate and mortgage solutions. They participated in Orchard's Series D round.
- Investment Focus Areas: Real estate, mortgage solutions, financial services.
- Notable Investments: Primarily invests in real estate and mortgage-related ventures.
- Juxtapose
- Details: Juxtapose is a venture capital firm that often co-founds and builds businesses from the ground up. They have participated in Orchard's rounds since the Series A.
- Investment Focus Areas: Technology, innovation, early-stage companies.
- Notable Investments: Care/of, Tend.
What's Next for Orchard?
Orchard's future looks promising as it plans to expand into four new markets in 2022, leveraging its recent $100 million Series D funding. This expansion, coupled with the introduction of new services like an offer management tool, positions Orchard to become a dominant consumer brand in the home buying and selling market.
With a valuation exceeding $1 billion, Orchard is well-placed for future fundraising opportunities. The company is laying the groundwork for a potential IPO, attracting continued interest from both existing and new investors. However, Orchard will need to navigate challenges such as competition from other proptech startups and managing rapid growth effectively.
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