Lowenstein represented Orchard, the company that is radically simplifying home buying and selling, in 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, Sarah Gore, and Brittany Armstead.
About Lowenstein Sandler LLP
Lowenstein Sandler is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
