🏆 Deal of the Week · CW 44/2023
Atom Bank raised GBP 100M in a Venture – Series Unknown round; the post-money valuation was not disclosed. The round was funded by existing investors Banco Bilbao Vizcaya Argentaria, Infinity Investment Partners, and Toscafund Asset Management. This transaction was recognised as Venionaire DealMatrix Deal of the Week for KW 44/2023.
Atom Bank — key deal facts
| Company | Atom Bank |
| Founded | 2014 |
| Headquarters | Newcastle Upon Tyne, United Kingdom |
| Amount raised | GBP 100M |
| Valuation | Valuation Remains Undisclosed |
| Round | Venture – Series Unknown |
| Investors | Banco Bilbao Vizcaya Argentaria (https://dealmatrix.com/dealsmonitor-october-2023/) Infinity Investment Partners (https://www.infinityinvestmentpartners.com/) Toscafund Asset Management (https://www.toscafund.com/) |
| Sectors | FinTech |
Who invested in Atom Bank?
The round was backed entirely by existing shareholders: Banco Bilbao Vizcaya Argentaria, Infinity Investment Partners, and Toscafund Asset Management. The participation of all three returning investors signals continued conviction in Atom Bank's growth trajectory from a diverse mix of a major European banking group, a specialist investment partnership, and an established asset manager. No new external investors joined the cap table in this round.
What does Atom Bank do?
Atom Bank is the UK's first app-only bank, founded in April 2014 by Mark Mullen, who continues to serve as Chief Executive Officer. The bank is headquartered in Newcastle Upon Tyne, England, and operates with no physical branch network. Its product suite covers Fixed Rate and Instant Access Savings accounts, Retail Mortgages, and Business Secured Loans, targeting retail depositors and SME borrowers. The business model is built around high automation and a low-cost operating structure, positioning Atom Bank as a digital-native alternative to incumbent high-street lenders.
Atom Bank valuation & multiples
Frequently asked questions
How much did Atom Bank raise in its Venture – Series Unknown?
Atom Bank raised GBP 100M in a Venture – Series Unknown round, announced in November 2023 (KW 44/2023).
What is Atom Bank's valuation?
Atom Bank's valuation was not disclosed in connection with this funding round.
Who invested in Atom Bank?
The round was funded by three existing investors: Banco Bilbao Vizcaya Argentaria, Infinity Investment Partners, and Toscafund Asset Management.
When was Atom Bank founded and where is it based?
Atom Bank was founded in April 2014 and is headquartered in Newcastle Upon Tyne, United Kingdom.
Source: original announcement — read the full report.