Conveyo, a UK property technology company, has secured investment to enhance its AI-driven platform, streamlining the conveyancing process and significantly reducing transaction times and fall-through rates.

Information on the Target

We are pleased to announce our investment in Conveyo, a property technology company that is actively transforming the UK’s £2 billion conveyancing market. Conveyo's AI-powered platform addresses critical inefficiencies in the industry, where property transactions typically take around 30 weeks and experience a 30% fall-through rate. The platform has shown remarkable performance by reducing completion times to less than four weeks and achieving a fall-through rate of approximately 1%.

Founded by Dr. Konrad Rotthege and Andrea Monti Solza, Conveyo combines extensive expertise in legal property transactions and data science. To date, the Conveyo platform has successfully processed over £30 million in property transactions and serves more than 100 clients. The company's innovative strategies have garnered recognition and endorsement from notable institutions such as HM Land Registry and Ordnance Survey.

Industry Overview

The UK property market is currently facing significant challenges, characterized by inefficiencies and a convoluted transaction process. On average, property transactions require around 200 separate touchpoints and c