The funds will be used to accelerate the bank’s lending and balance sheet growth.
The news follows Atom’s recent announcement of its first full year of operating profit.
The FY23 results saw revenue growth of 62%, customer numbers doubling to 224,000, and savings deposits rising to £6.6bn.
The capital is set to enable Atom to create a more compelling proposition for savers, homeowners, first-time buyers, and SMEs.
Since launch, Atom has lent more than £4bn to UK homeowners and over £1bn to small businesses.
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The capital raise process started earlier this year and forms part of the bank’s long-term strategy to deliver a liquidity event in the future.
Mark Mullen, CEO at Atom (pictured above), said: “I’m delighted with this vote of confidence in Atom from our investors, and to have their ongoing backing is a fantastic boost.
“This money will be put to work to drive growth and to fuel the development of our franchise.
“UK customers need better outcomes and better banks.
“Our vision remains as valid today as it was when we founded the company — change banking for good, for the better, for everyone.”
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