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- Orchard
Orchard Valuation, Funding & Investors
Orchard is valued at $1B as of September 2021.
Last Orchard valuation
$1B
Series D · Sep 2021
Last Orchard funding round
$30M
Undisclosed stage · Feb 2026
Cumulative funding Orchard raised
$282M
across 6 funding rounds
Key investors in Orchard
Accomplice
FirstMark
Juxtapose
Gaingels
Sand Hill Angels
Navitas Capital
About Orchard
Orchard is a New York-headquartered real estate platform facilitating iBuying services for home purchases and sales across 20 US states including Texas, Colorado, and Florida. The company deploys cash offers to sellers within 24 hours, handles renovations through its vendor network of cleaners, landscapers, photographers, floorers, roofers, and plumbers, then relists properties. Orchard has transacted over $2 billion in homes since 2017, partnering with Redfin for listings and title services via Orchard Title.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$1B (Sep 2021)
Orchard Valuation
Orchard is currently valued at $1B, based on its Series D in September 2021.
The $100M round was led by Accomplice, with participation from FirstMark, First American Financial, Sprint Vc, Revolution, Sand Hill Angels and 6 other investors.
Orchard valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2021 | Series D | $1B |
Orchard Funding History
Orchard has raised a total of $282M across 6 funding rounds.
Orchard's first fundraising round was a $10M Series A in May 2018. The most recent completed round was a $30M undisclosed-stage round in February 2026.
Orchard funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2026 | Undisclosed stage | - | $30M | - | - |
| Sep 2021 | Series D | Accomplice (lead); FirstMark; First American Financial; Sprint Vc; Revolution; Sand Hill Angels; Trajectory Ventures; Juxtapose; Gaingels; Clint Schmidt; Karman Ventures; Bossa Invest | $100M | $1B | Orchard is a New York-based proptech company founded in 2017 that simplifies home buying and selling by allowing homeowners to purchase and move into their next home before selling their current one, using its Move First service and cash offers. The platform includes tools like Orchard Dashboard, Orchard Insurance, home loans, escrow services, and Concierge for pre-sale repairs without upfront costs. On September 9, 2021, Orchard raised $100 million in a Series D funding round led by Accomplice, with participation from repeat investors FirstMark, Revolution Growth, First American, Juxtapose, and a syndicate of new investors including Bossa Invest, Clint Schmidt, Gaingels, Karman Ventures, Sand Hill Angels, Sprint VC, and Trajectory Ventures. The round was conducted at over a $1 billion post-money valuation, achieving unicorn status and bringing total equity raised to $255 million since inception. The Series D followed a $69 million Series C in September 2020 led by Revolution Growth. The funding supports geographic expansion to four new markets in 2022, product innovation such as an offer management tool, and continued hiring, building on a year of 3x growth, doubled employee headcount to over 500, and expanded footprint. The company reported tripling revenue in the prior year per The Real Deal. Orchard positions itself as a consumer-focused brand transforming residential real estate, competing with platforms like Ribbon, Knock, Homeward, and Opendoor. |
| Sep 2020 | Series C | Revolution Growth (lead); Parker89; Accomplice; FirstMark; Sand Hill Angels; Juxtapose; Gaingels; Navitas Capital | $86M | - | Orchard is a tech-enabled residential real estate platform that revolutionizes home buying and selling with its Move First service, allowing customers to buy their next home and move in before selling their current one, often using Orchard's cash, and charging a 6% fee on the sale of the old home. The company operates in markets like New York, Texas, Colorado, and Georgia, with plans to expand further, and claims to sell customers' old homes on the market 90% of the time while offering a guaranteed sale price. In September 2020, Orchard closed a Series C funding round of $69 million led by Revolution Growth, with participation from existing investors including FirstMark Capital, Navitas Capital, Accomplice, and Juxtapose, bringing total equity raised to $138 million (plus $220 million in debt financing since 2017). Some sources report the round size as $86 million. Revolution Growth's Patrick Conroy joined the board, praising Orchard's simplification of the home-buying experience in the trillion-dollar residential real estate industry dominated by legacy brokerages. At the time of the Series C, Orchard had grown to 250 employees from 150 during its prior Series B in January 2020, reporting 5-6x year-over-year revenue growth (down from 10x at Series B), with revenue growing faster than costs on a path to profitability. The funds were earmarked for expanding product offerings, team growth in existing markets, and entry into new states following successful launches in Denver and Atlanta. Orchard's services gained added value during the Covid-19 pandemic by providing certainty for seamless and safe home transactions. The company continued scaling, achieving unicorn status over $1 billion valuation in its 2021 Series D round of $100 million led by Accomplice, with total equity then at $255 million, doubling headcount to over 500, tripling growth, and planning further market expansions. |
| Jan 2020 | Series B | Navitas Capital (lead); Accomplice; FirstMark; Generation Ventures; Sand Hill Angels; Juxtapose | $36M | - | Orchard, formerly Perch, is a New York-based proptech company offering a vertically integrated platform that simplifies home buying and selling by allowing users to secure a guaranteed cash offer on their current home while shopping for a new one, aligning agent incentives with buyers and sellers. The company rebranded to Orchard alongside its $36 million Series B funding round announced in January 2020, led by Navitas Capital with participation from existing investors FirstMark, Juxtapose, and Accomplice. This round brought Orchard's total equity funding to $66 million since its founding in September 2017, complemented by over $200 million in debt financing secured earlier to support home inventory underwriting and recycling. Orchard operates by providing a 90-day period for homes to sell on the open market; if unsold, it purchases the property below market value, makes minor improvements via data-driven insights, and relists it efficiently. The platform also includes a title business for remote closings and was beta-testing a mortgage product at the time. Post-round plans included doubling the team from 150 to 300 employees by end-2020. Sources note 10x year-over-year revenue growth as of early 2020 and expectations of over 100% revenue growth in the next year, but no specific revenue or ARR figures are quantified. The funding supported scaling operations, enhancing the technology platform, expanding market presence, and team growth amid strong traction in dual-tracking home transactions. Orchard continued raising capital shortly after, with a $69 million Series C in September 2020 led by Revolution Growth (including prior investors) to accelerate growth, expand to new states like New York, Texas, Colorado, and Georgia, and develop product offerings, bringing total funding to around $138 million. Later rounds included a $100 million Series D in September 2021 at over $1 billion valuation led by Accomplice. |
| Apr 2019 | Series B | FirstMark (lead); Accomplice; Juxtapose; Gaingels | $20M | - | Orchard, originally founded as Perch in 2017 and rebranded in early 2020, operates as a real estate technology platform that simplifies home buying and selling. Its core product, Move First, enables customers to buy and move into their next home before selling their current one, using cash offers and digital tools for discovery, valuation, and closing. The company combines AI-driven features like automated valuation models with human advisors to provide an end-to-end experience, positioning itself against traditional brokerages in the trillion-dollar residential real estate market. In April 2019, Orchard (then Perch) raised $20 million in an equity round led by FirstMark, with participation from Accomplice, Juxtapose, and Gaingels, alongside a separate $200 million debt financing from an unnamed lender. This Series B tranche supported market expansion and service enhancements following prior rounds, including a $10 million Series A and $20 million debt in May 2018. The 2019 funding fueled operational growth, leading to subsequent rounds: a $36 million Series B extension in January 2020 led by Navitas with the same co-investors, a $69 million Series C in September 2020 led by Revolution Growth bringing total equity to $138 million, and a $100 million Series D in September 2021 led by Accomplice that achieved unicorn status with over $1 billion valuation and $255 million total equity. Orchard expanded geographically, tripled growth in some years, doubled staff, and added services like home loans, escrow, and insurance post-2019. Investors highlighted its tech-forward disruption of legacy real estate processes amid market shifts like Covid-19. |
| May 2018 | Series A | FirstMark (lead); Accomplice; Evolution VC Partners; Oyster Angel Fund; Juxtapose | $10M | - | Orchard raised $10 million in its Series A funding round in May 2018, led by FirstMark with participation from Accomplice, Juxtapose, and others. A concurrent $20 million debt financing supported financial operations for its 'Move First' product, enabling customers to buy their next home before selling their current one. The company aimed to develop and launch this core offering to simplify the home buying and selling process. Orchard operates a platform that provides cash to homebuyers upfront, allowing them to purchase a new residence before selling their old one. The Series A funding motivated product development and market entry in residential real estate. |
Who has invested in Orchard?
18 investors have backed Orchard across its funding rounds, including Accomplice, FirstMark, Juxtapose, Gaingels, Sand Hill Angels and Navitas Capital.
Lead investors include Accomplice, Revolution Growth, Navitas Capital and FirstMark.
Orchard Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | May 2018 | ||
| 5 | Lead | May 2018 | ||
| 5 | Participant | May 2018 | ||
| 3 | Participant | Jan 2020 | ||
| 3 | Participant | Apr 2019 | ||
| 2 | Lead | Jan 2020 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Lead | Sep 2020 | ||
| 1 | Participant | May 2018 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Jan 2020 | ||
This data is available for Pro users. Sign up to see all 18 Orchard investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOrchard Competitors
Orchard competitors include listed companies like Plazza, Suzhou New District, GAG Immobilien and United Real Estate Company (URC), and private ones like Habi and Delos.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $49M | - | $1.1B | 30.3x | ||
| Publicly listed | $816M | $180M | $1.1B | 10.5x | ||
| Publicly listed | $536M | $200M | $893M | - | ||
| Publicly listed | $336M | $111M | $1.2B | - | ||
| Private | - | - | $800M | - |
Orchard Public Comps
Orchard is still privately-owned, but its public comps include DigiCo REIT, Abacus Storage King, CPI FIM, Africa Israel Residences, Wework India Management, Direcional, Country Garden Holdings, Argo Properties, Rami Levi Hashikma and FII CSHG Logistica.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $155M | $91M | 14.0x | 13.8x | 24.0x | 24.1x | |||
| $176M | $141M | 10.9x | 11.7x | 13.6x | 21.4x | |||
| $144M | $85M | 18.1x | - | 30.7x | - | |||
| $305M | $96M | 5.7x | - | 18.2x | - | |||
| $254M | $165M | 6.0x | 5.4x | 9.3x | 8.3x | |||
| $844M | $230M | 1.5x | 1.3x | 5.4x | 4.8x | |||
| $23B | $3B | 1.2x | 1.8x | 8.9x | (6.7x) | |||
| $58M | - | 26.9x | - | - | - | |||
This data is available for Pro users. Sign up to see all Orchard competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Orchard
| When was Orchard founded? | Orchard was founded in 2017. |
| Where is Orchard headquartered? | Orchard is headquartered in New York City, NY, United States. |
| Is Orchard publicly listed? | No, Orchard is a private, VC-backed company. |
| What is Orchard's valuation? | Orchard was last valued at $1B in its Series D in September 2021. |
| How much funding has Orchard raised? | Orchard has raised $282M across 6 funding rounds. |
| What was Orchard's last funding round? | Orchard's last funding round was a $30M undisclosed-stage round in February 2026. |
| Who are Orchard's investors? | Orchard's investors include Accomplice, FirstMark, Juxtapose, Sand Hill Angels, Gaingels, Navitas Capital, Parker89, Revolution Growth, Evolution VC Partners, First American Financial and 8 others. |
| Which companies are comparable to Orchard? | Companies comparable to Orchard include Habi, Plazza, Suzhou New District, GAG Immobilien, United Real Estate Company (URC) and Delos. |
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