Today we are announcing the second equity investment into LendInvest by an experienced and expert external investor. Atomico, a venture capital investment firm that was founded by Niklas Zennström, the founder of Skype in 2006, has invested £17 million ($25m).
This comes only nine months after we raised £22 million ($34m). In that time, so much has changed and LendInvest has gone from strength to strength.
To receive this backing from Atomico is an awesome opportunity for LendInvest. In running the investment process, we were very keen to find an investor that could be more than just about the money. Instead we’ve worked hard to find the right investors to join LendInvest on its journey, and to contribute their deep expertise and talents to help us make the right moves in the right direction.
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. Niklas is one of the pioneers of marketplace lending as a concept and his innovations at Skype redefined global telecoms. As part of the deal, Mattias Ljungman, Atomico partner, is joining our Board. Mattias co-founded Atomico with Niklas in 2006 and in that time has worked with many leading global tech businesses like Klarna (payments) and Supercell (gaming).
We often talk about how 2015 was a year of transformation for LendInvest. The next couple of years are going to be about scale. The scene is now set for some really exciting developments as we drive forward our mission to make mortgage lending a better consumer experience for everyone: borrowers and investors.
We will be working closely with Mattias and the Atomico team to use this funding to accelerate our investment in people, ideas and technology development. We will bring to market more mortgage products that borrowers value, and extend our lead as the UK’s largest online marketplace for property lending and investing.
It’s an exciting time ahead and we are hugely proud of everything our team has achieved so far. Everyone who works with us at LendInvest does so because they believe, like us, that technology innovation has a huge role to play in reinventing the mortgage industry (and the property market) for the better and for good.
Thank you for your ongoing support.
Christian Faes and Ian Thomas