Lowenstein represented Orchard in the transaction.
Orchard, the company that is radically simplifying home buying and selling, executed its $100 million Series D funding at over a $1 billion valuation, propelling the company to unicorn status. The round was preempted by its lead investors following a year of 3x growth for the company and was led by Accomplice with participation from repeat investors FirstMark, Revolution, First American, and Juxtapose, as well as a syndicate of new investors.
This new round of equity funding will support Orchard’s continued growth and innovation. Orchard will expand to four new markets in 2022 and launch new services to offer millions more home buyers a better way to purchase their dream home. Since its inception, Orchard has raised $255 million in total equity.
Founded in New York City just four years ago, Orchard has helped customers buy and sell billions of dollars’ worth of homes throughout its markets. Over the past year, Orchard has doubled its geographic footprint, launched Orchard Insurance, and introduced Concierge–a service that repairs and updates homes on behalf of the homeowners before sale, at no upfront cost. Orchard also more than doubled its employee base in the last 12 months to invest further in customer experience and support new markets.
The Lowenstein deal team included Anthony O. Pergola (Picture), Sarah Gore, and Brittany Armstead.
Law Firms: Lowenstein Sandler;