P2P online mortgage platform LendInvest raises £30.5m Series C


LendInvest has closed a £30.5m Series C round comprised of debt and equity funding.

The company is not disclosing the breakdown of equity versus debt funding.

LendInvest’s round saw Atomico increase their stake and welcomed new investors including a fund associated with technology investment bank GP Bullhound; and Tiger Management, founded by US hedge fund investor Julian Robertson.

Today’s news comes after the company raised a £17m Series B in March 2016, which allowed the business to invest in technology and break into the Buy-To-Let market.

LendInvest leverages technology to bring investors and borrowers together providing property finance.

Christian Faes, co-founder and CEO of LendInvest, commented: “Having recorded a fourth consecutive annual profit, raising capital wasn’t a necessity for LendInvest but by beefing up our balance sheet and bringing on some very experienced additional investors, we are well placed to capitalise on opportunities in the future.

“Using technology LendInvest is building a new kind of financial services business, and an extremely scalable platform, which is changing the way mortgages are funded and work in the UK. It’s great to have received further backing from Atomico – who have been great partners in our business – and to bring on our new investors in GP Bullhound and Tiger, to help us achieve our ambition.“

Mattias Ljungman, a partner at Atomico, added: “We continue to be impressed with LendInvest’s progress in disrupting the established lending industry. Since our initial involvement the business has invested heavily in its proprietary technology, successfully moved into Buy-To-Let and launched the FinTech sector’s first LSE listed retail bond programme. We are excited to work with LendInvest as it continues with its high-growth trajectory and look forward to seeing what the future holds for the business.”

Manish Madhvani, from GP Bullhound, concluded: “We have followed the impressive growth of Lendinvest for a number of years and are delighted to back Christian and his team as they redefine and simplify the mortgage market .”