Athena Home Loans advised on $70m funding
In what it says is “one of Australia’s largest ever fintech capital raises”, Athena Home Loans has been advised on a $70 million Series C funding round.
Firm: LegalVision (Athena Home Loans).
Deal: LegalVision has advised Athena Home Loans on a $70 million Series C funding round, which it says is “one of Australia’s largest ever fintech capital raises”.
The funding will help the company start offering loans for property purchases, it said in a statement.
Value: $70 million.
Key players: The LegalVision team was led by practice leader Jill McKnight, who was supported by senior lawyer Madeleine Hunt. The team advised on all legal aspects of the investment, from structuring and due diligence through to negotiation and closing.
Deal significance: Speaking about the deal, Ms McKnight said: “In just two years, Athena is now already seen as a serious threat to banks in the home loan space. We were delighted to work with the Athena team again to achieve this significant milestone. This deal also showcases LegalVision’s breadth of experience and our ability to efficiently run transactions of this complexity in the fintech space.”
Athena CEO and co-founder Nathan Walsh said: “We’ve worked with LegalVision from incorporation and our initial seed round right through to this Series C round. LegalVision’s deep expertise in startup capital raising, tech-enabled approach and speed of delivery have had a significant impact on us closing this deal with confidence. We’ve now worked with the LegalVision team to raise over $100 million in venture capital.”
“We look forward to working with Jill, Madeleine and the team in the future as we continue on our mission to save Australians money, by helping them pay off their home loan faster, he added.