JAG Shaw Baker is proud to have advised our client Habito, on their £18.5 Million Series B round led by Atomico. The raise supports Habito, one of the standout ‘PropTech’ companies in the UK, and their vision to leverage the large inefficiencies inherent in the mortgage market.
The round brings the total raised by the company to a total of £27m and the funding will be used for marketing and other product development as well as the company’s plans to expand its offering to other parts of the mortgage process such as home and life insurance. Daniel Hegarty, CEO, Habito started the company in 2015.
The JAG Shaw Baker team who worked on the round included Howard Watt, Partner, and Robert Glass, Associate.
“It’s extremely pleasing to support one of our long standing clients and see them achieve another significant milestone with such a substantial fundraising,” said Watt. “Daniel has already led the company through a period of explosive growth and we look forward to seeing the next phase in the company’s evolution.”
Atomico invested alongside existing investors Ribbit Capital, Mosaic Ventures, and Revolutionary (Ad)Ventures.