Deep Blue Company, an online conveyancer, has secured $10 million in a funding round led by CVC Emerging Companies Fund, which also backed the firm in 2019.
Offering sale-to-settlement services, Deep Blue Company streamlines the process between a buyer and seller agreeing to a property transaction and completing the sale. The company operates three brands: Conveyancing.com.au, Rapid Building Inspections, and Buildinginspections.com.au.
CEO Chris Lane founded the company over eight years ago, aiming to make conveyancing more straightforward, transparent, and affordable for property buyers.
Deep Blue Company has a history of acquisitions, including Rapid Building Inspections in April 2018 and First Class Legal in September last year. The new funding is expected to support the acquisition of a conveyancing business in Queensland and NSW, which operates 26 franchises. Additionally, the funds will help advance the automation of more steps in the conveyancing process.