Orchard

Orchard

Streamlines home buying and selling process

About Orchard

Simplify's Rating
Why Orchard is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Real Estate

Company Size

501-1,000

Company Stage

Series D

Total Funding

$228.6M

Headquarters

New York City, New York

Founded

2017

Overview

Orchard operates in the residential property market, focusing on making the process of buying and selling homes more efficient and less stressful for clients. Their main service is the 'Move First' approach, which allows clients to purchase a new home before selling their current one, alleviating the pressure of coordinating both transactions. This is supported by a guaranteed back-up offer that provides security for sellers. Additionally, Orchard offers free home valuations that are claimed to be 30% more accurate than typical valuations, helping clients understand property values better. Unlike traditional real estate agencies, Orchard's unique services and focus on client convenience may allow them to charge a premium for their offerings. The goal of Orchard is to simplify the home buying and selling experience for individuals and families.

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Simplify's Take

What believers are saying

  • Expansion into Phoenix and Nashville opens new market opportunities for Orchard.
  • Orchard is among the top 10 fastest-growing real estate companies in the U.S.
  • Increased demand for digital real estate transactions boosts Orchard's tech-driven services.

What critics are saying

  • Increased competition from platforms like Zillow and Redfin offering similar services.
  • Potential market saturation in newly expanded areas like Phoenix and Nashville.
  • Economic downturns could impact Orchard's model of quick home sales for profit.

What makes Orchard unique

  • Orchard's 'Move First' approach allows buying a new home before selling the old one.
  • They offer highly accurate home valuations, claimed to be 30% more accurate than others.
  • Orchard provides a comprehensive range of vendor partner services, including cleaning and landscaping.

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Funding

Total Funding

$228.6M

Above

Industry Average

Funded Over

4 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$100M
Orchard

Benefits

Comprehensive benefits - We offer medical, vision, and dental benefits for employees and dependents, with some plans fully sponsored by Orchard.

Paid parental leave - We offer new parents up to 18 weeks paid leave to bond with their newborns—plus a customized one-month transition period to ease into life as a working parent.

Paid family leave - We offer up to 10 weeks paid leave for employees who need to care for sick family members.

Flexible paid time off - We count your contributions, not vacation days. Take the time you need to recharge and refresh.

Team events - From monthly town hall meetings to team lunches and gatherings outside of the office, we make time to celebrate wins and unwind together.

Paid industry certification - We cover dues on licenses and renewal fees for brokers, realtors, and more.

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

1%

2 year growth

-4%
PR Newswire
Feb 19th, 2025
Orchard Expands To Phoenix And Nashville

NEW YORK, Feb. 19, 2025 /PRNewswire/ -- Orchard, the company that is simplifying home buying and selling, has expanded into two new markets: Phoenix and Nashville. Homeowners in these two markets will now be able to work with an Orchard agent who can recommend which of Orchard's unique solutions works best for their situation – whether that's buying their new home before they sell, a cash offer with market upside, or a traditional listing."Orchard enables homeowners to meet their goals and get the best sale outcome," says Court Cunningham, CEO and Founder of Orchard. "Whether customers want a quick sale, need cash for a down payment now, don't want to list the home while they're living in it, want the best price on their home sale, or something else – Orchard can make that happen for them."Customers who work with an Orchard agent have a range of options in addition to listing traditionally. For customers who want to buy before they sell, Orchard's Move First program advances them equity from their current home, allows them to make a non-contingent offer, use their equity for the down payment, move once, then sell their old home on market. For customers who value a fast sale, Orchard offers cash offer programs that allow customers to sell now, then receive any additional proceeds once the home sells on market later."At Orchard, we take great local agents and supercharge them with our unique offerings, allowing them to help customers achieve outcomes they couldn't otherwise," adds Cunningham

PR Newswire
Jan 24th, 2025
Orchard Is One Of The Fastest Growing Brokerages In Texas And Colorado

NEW YORK, Jan. 24, 2025 /PRNewswire/ -- Orchard, the company that is simplifying home buying and selling, accelerated its agent growth in 2024. Orchard was the 3rd fastest growing brokerage in Dallas, 4th fastest growing brokerage in Denver, and 6th fastest growing brokerage in Houston. In the other markets Orchard operates in – Austin, San Antonio and Atlanta – Orchard was a top-fifteen fastest growing brokerage. This is out of thousands of brokerages in each market. Overall, Orchard increased its agent base 900% from the beginning to end of 2024."We couldn't be happier that Orchard's focus on providing differentiated value to consumers, proprietary technology and a collaborative and innovative culture is resonating with agents," says Court Cunningham, CEO and Founder of Orchard.Orchard offers agents the highest quality seller appointments, access to unique transaction products and services that help them win more business, a comprehensive training and coaching program, and technology and support that saves agents time

Music Business Worldwide
Nov 1st, 2023
The Orchard promotes Ian Dutt to President, UK and Chris Manning to Managing Director, UK & Europe

Dutt joined The Orchard in 2016 as part of the company's merger with Sony RED UK, where he was serving as MD.

AntiMusic
Oct 30th, 2023
Tim Finn (Split Enz, Crowded House) And Phil Manzanera (Roxy Music) Limited Edition Box Set

(Hired Gun Media) On November 24th, BFD/The Orchard will release a limited edition vinyl box set collecting together the recordings from renowned New Zealand singer-songwriter Tim Finn (Split Enz, Crowded House) and legendary guitarist/producer Phil Manzanera (Roxy Music)'s ambitious lockdown collaboration.

Music In Africa
Oct 17th, 2023
Lanre Masha to lead The Orchard's West Africa operations

The Orchard has appointed Nigerian music executive Lanre Masha as its West Africa director.

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