Orchard (fka Perch), a NYC-based home buying marketplace, raised $36m in new equity funding.
The round – which brought total equity capital raised to date to $69m – was led by Navitas with participation from FirstMark, Juxtapose, and Accomplice.
The company will be using the new funding to further invest in product innovation, hiring, and growth.
Led by Court Cunningham, Co-Founder and CEO, Orchard enables homeowners to buy home before they sell. With Orchard, customers secure their home first using the company’s cash, while having the certainty of selling their old home – all for the same fee as a traditional broker.
Founded in late 2017, the company has reached 1,000 total customers served employing over 150 full-time team members. It offers its services in Colorado, Georgia and Texas.