Atomico et al. back LendInvest in $39.5m series-C round

The debt and equity funding round, led by UK GP Atomico, is considered pre-IPO funding by LendInvest according to a statement by the business.

A spokesperson for Atomico confirmed that the $765m Atomico IV vehicle was used for the transaction. 

LendInvest will use the capital to continue its investment in technology. The latest round also provides the business with significant flexibility as it moves towards the mainstream mortgage market.

Previous funding
LendInvest received a first £22m series-A round in June 2015. The fresh capital was used to develop the company's technology. A year later, the business raised £17m in a series-B round from Atomico.

As part of the deal, Atomico co-founder Mattias Ljungman joined LendInvest's board.

Company
Based in London and established in 2013, LendInvest lends in the specialist mortgage market with products across bridging finance, development finance and buy-to-let. The business has lent £1.5bn ($1.94bn), financing 5,000 properties across the UK.

LendInvest's audited financial accounts for the year to March 2018 recorded its fourth consecutive profit from operations, and gross group revenues of £53m. 

People
LendInvest – Christian Faes (co-founder, CEO).
Atomico – Mattias Ljungman (partner).
GP Bullhound – Manish Madhvani (managing partner).

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