• General
  • September 10, 2020
  • 3 minutes read

Orchard Bags $69 Million Series C

Steve Case, Chairman and CEO, Revolution. Revolution led the Series C financing for Orchard. Photo credit: Stuart Isett/Fortune, under Creative…

Steve Case, Chairman and CEO, Revolution. Revolution led the Series C financing for Orchard.

Photo credit: Stuart Isett/Fortune, under Creative Commons license

Orchard, a home buying marketplace, has announced that it’s raised $69 million in Series C funding led by venture capital firm Revolution, with participation from existing investors including FirstMark, Navitas, Accomplice, and Juxtapose. The new funding brings the total raised by Orchard to $138 million. The valuation that came with the round isn’t disclosed. Orchard says it’ll use the new capital to expand its product offerings along with its team spread across the U.S. locales of New York, Texas, Colorado, and Georgia. Orchard recently launched in two new states, Denver and Atlanta, and plans to expand into more in the next year.

Orchard, which is based out of New York, was founded in 2017. The company actually rebranded in January of this year, having been previously known as Perch. Orchard’s name-change coincided with a $36 million equity round on the heels of what the company said was 10x year-over-year revenue growth and reaching over 1,000 customers served. 

Orchard facilitates home buying and selling for customers. The company currently operates in three states in the U.S.




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