Proptech company LendInvest has raised $ 500 m in series C funding led by Atomico , with participation from GP Bullhound and Tiger Management . The peer - to - peer ( online ) platform lets British property developers find alternative finance options to traditional mortgage lending companies . It has invested nearly $ 2bn in bridging finance , development finance and buy - to - let finance on traditional mortgage properties since 2012 . LendInvest will use the proceeds to further develop its technology and expand the traditional mortgage business in the UK .
Proptech company LendInvest has raised $39.5m in series C funding led by Atomico, with participation from GP Bullhound and Tiger Management. The peer-to-peer (P2P) platform lets British property buyers find alternative finance options to traditional mortgage lending companies. It has loaned nearly $2bn in bridging finance, development finance and buy-to-let finance on 5,000 UK properties since 2012. LendInvest will use the proceeds to further develop its technology and enter the traditional mortgage business in the UK.