Athena handbags $70 million when you look at the greatest-previously Aussie-recognized round — only weeks immediately following scream-out from Frydenberg

Solution credit fintech Athena Mortgage brokers provides covered $70 million when you look at the Show C money, merely 9 months once launch, and less than just 1 month after Treasurer Josh Frydenberg called towards the people to help you “look around”, specifically naming the fresh new startup once the a possibly more sensible choice.

Based when you look at the 2017 because of the previous lenders Nathan Walsh and you can Michael Starkey, Athena try an affect-depending house-financing program made to bring an alternative choice to the major five.

They increased all in all, $forty million when you look at the Collection A good and you may B financing earlier revealed from inside the February this season. And you will, immediately following it introduced, the business watched $250 mil for the applications within the very first three days.

It latest round is touted once the greatest-ever Aussie round led by local people, which have present backers Square Peg, Airtree and Hostplus on board once again.

AustralianSuper even offers inserted the newest round within the first early-stage VC financing, and Salesforce Possibilities and you can NAB Potential also have feel the fresh new traders.

Speaking-to StartupSmart, Walsh states brand new resource is partly labelled having permitting Athena circulate towards to find industry, including their most recent refinancing giving.

But, additionally, it is to own fuelling growth in the organization, and you can payday loans Fyffe investing in new items, the current platform and you can skill because it bills upwards.

Maturing avenues

“It reveals readiness. That regional VC field can be help capital potential out of that it level and while making such as for example a big difference for the mans lives was a beneficial milestone on the regional environment.”