LendInvest says it will use the funding to accelerate its investment in technology and move into the more mainstream buy-to-let mortgage market.
The round takes LendInvest’s total institutional funding (debt and equity) to over £200 million.
LendInvest has lent £560 million to finance over 2,100 properties in the UK since its launch in 2013.
Christian Faes, Co-Founder & CEO of LendInvest, commented:
“To receive this backing from Atomico is an awesome opportunity for LendInvest. Atomico is a rare example of a VC firm whose founder has first-hand experience of building a multi-billion dollar, fast growth technology company, and that was hugely attractive to us. We have only scratched the surface of how technology will make mortgages a better, faster and more transparent consumer experience for borrowers and investors.”
Mattias Ljungman, Partner at Atomico, added:
“London is a global leader in fintech, raising almost $1 billion in VC funding in 2015 alone. LendInvest is a great example of what can be achieved through fintech technology, opening up the world of lending and mortgages to a new generation of tech savvy consumers."
