The funding was positioned by the online property finance platform as pre-IPO funding and sees Atomico increase its investment in the company.

LendInvest also secured new investors, including a fund associated with the technology investment bank GP Bullhound, and Tiger Management.

This announcement follows a Series B funding round of $22m (approximately £17m) in March 2016, which allowed LendInvest to accelerate investment in technology and enter the BTL market. 

In total, LendInvest has raised over £1bn across its fundraising efforts and online investment platform and will use the capital to continue its investment in technology and support its move towards the mainstream mortgage market.

•   LendInvest introduces exclusive five-year fixed rate product
•   LendInvest makes a series of changes to BTL product
•   Together increases Charles Street securitisation to £1.25bn

“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,” said Christian Faes, co-founder and CEO at LendInvest (pictured above).

“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, partner at Atomico, added that it was impressed by LendInvest’s progress in disrupting the lending industry.

“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.”

Meanwhile, Manish Madhvani at GP Bullhound, added: “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.”