First American participated in a round that tipped the real estate platform developer's valuation over the $1bn mark.

Orchard, the US-based developer of an online real estate platform, secured $100m yesterday in a series D round that featured insurance firm First American, taking its valuation to over $1bn.

Venture capital firm Accomplice led the round and was joined by returning investors FirstMark, Revolution, Juxtapose and a syndicate of unnamed newcomers, taking its total equity funding to $255m.

Orchard’s platform allows homeowners to buy and move into new houses before selling their old property, and it has expanded its…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.