Founded in 2017, Orchard, founded was relatively early in the industry. Originally known as Perch, the company focused on dual-trackers, people who buy and sell homes at the same time.
FirstMark Capital has doubled on the real estate platform, leading both the Series A and Series B funding rounds for Orchard. Orchard has raised more than $350 million, including $200 million + debt financing. In addition to running a complete brokerage firm for dual-tracking home buyers and sellers, it also provides title and mortgage services.
What’s most interesting about a vertically integrated company is that it’s an innovation built around the consumer experience. As such, Orchard is adopting a completely new approach to home search, which has become incredibly stagnant despite the rush to digitize the process by major technologists. Orchard allows customer to get ML-powered recommendations based on the home they already like and search different rooms in the house.
Meanwhile, Rick Heitzmann founded the first annual Capital in 2008 along the way. He has led investments in Pinterest, Airbnb, StubHub, Tapad, DraftKings, Riot Games, Ro, Discord, Carta and many more. In Extra Crunch Live, we’ll talk more about what Heitzmann sees in a founder, what he sees in Cunningham, and why the future of proptech is why Cunningham chose FirstMark and even took a step through Orchard’s early pitch deck. It must be an explosion.
We will also look at pitch decks submitted by visitors, giving you a chance to hear directly from a founder and investors how they accept fund decks, what works and what don’t. If you would like to submit your call to be featured in future episodes of ECL, hit this link. It must be an explosion. We will also look at pitch decks submitted by visitors, giving you a chance to hear directly from a founder and investors how they accept fund decks, what works and what don’t. If you would like to submit your call to be featured in future episodes of ECL, hit this link. It must be an explosion.
