Yuri Milner, an Israeli-Russian billionaire, has increased his investment in Habito in the digital mortgage broker’s latest round of capital raising.
The mortgage broker has so far raised £25m from investors, according to the Telegraph, in its latest funding round. This brings its total capital raising to £50m.
A spokesperson for Habito told the Telegraph it had yet to finalise the deal and was continuing to look for additional capital.
Through his investment fund Gemini, Milner took an early small stake in the company which it is now looking to build on.
Existing investor Atomico and new backer Augmentum are also involved in the latest funding round.
Samantha Partington is a freelance trade and consumer journalist writing about property and personal finance. Previously she worked worked for the Daily Mail and Property Week. She is the former deputy editor of Mortgage Solutions and editor of Specialist Lending Solutions.
Before becoming a journalist, Samantha worked as a mortgage broker and latterly for a mortgage, bridging and secured loan lender. Samantha is CeMAP qualified. Follow her on Twitter @SamJPartington1.