A range of previous investors returned for the series D, led by Square Peg Capital, including AirTree Ventures, Macquarie Bank, superannuation funds AustralianSuper, Hostplus, and Sunsuper, plus Salesforce Ventures, and Apex Capital.
Athena previously raised $70 million in a series C in October 2019. Square Peg’s Paul Bassat joined the Athena board in 2018 when the company raised $15 million in a Series A. Six months later, in November 2018, it raised $25 million in a Series B.
The cloud-based fintech, founded in 2017 by two former NAB executives, also counts Rice Warner, NAB Ventures and RESIMAC Group among its investors.
Athena’s loan book has grown by 500% in the last 18 months. A majority of the mortgages it writes are refinancing existing loans. The business now now settled nearly $2.5 billion worth of lending.