LendBuzz was founded in 2015 by Amitay Kalmar and Dan Raviv. LendBuzz confidentially filed for an estimated IPO date of Q2 2024.
Lendbuzz is the developer of a car financing platform designed to help consumers with limited U.S. credit history obtain financing for their car purchases. Per Forge data, Lendbuzz has raised a total of $1.1 billion in funding over 15 rounds. Their latest funding was raised on Oct 4, 2023. Key investors include ConnectOne Bank, BHI, Viola Credit, Goldman Sachs Bank USA, HighSage Ventures, Wellington Management, and Group 1001.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Lendbuzz announced a potential IPO with 2024 as a targeted date. “Lendbuzz, a financial technology startup that uses artificial intelligence to offer auto loans to people who lack credit history, has hired investment banks for an initial public offering (IPO) that could value it at more than $2 billion, two people familiar with the matter told Reuters.” — Reuterson December 19, 2023.
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Lendbuzz is a privately held company and is not publicly traded, therefore investing in Lendbuzz pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
Can you sell shares of Lendbuzz before it goes public?
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What is the pre-IPO value of my Lendbuzz shares?
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To learn more about Lendbuzz potential IPO
Will Lendbuzz go IPO?
Lendbuzz has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.
What is Lendbuzz’s IPO price?
The Lendbuzz IPO price does not exist at this time, as Lendbuzz is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Lendbuzz register for Forge Markets, today.
When was Lendbuzz founded?
Lendbuzz was founded in 2015.
What is Lendbuzz funding to date?
Lendbuzz has raised $642.37MM to date.
Who are Lendbuzz’s major investors?
Group 1001
Mufg Innovation Partners
Wellington Management
O.G. Venture Partners
Undisclosed Investors
Goldman Sachs
83north
Lendbuzz Funding Rounds and Valuation
Funding History Chart
Funding Round Details
Funding Date
Share Class
Amount Raised
Price per Share
Post-Money Valuation
Key Investors
10/04/2023
Series D-1
$22.49MM
$xx.xx
$107.44B
83north, Group 1001, Mufg Innovation Partners, O.G. Venture Partners
Price per Share
$xx.xx
Shares Outstanding
1,350,347
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
83north, Group 1001, Mufg Innovation Partners, O.G. Venture Partners
10/04/2023
Series D-1A
$1.53MM
$xx.xx
$107.44B
83north, Group 1001, Mufg Innovation Partners, O.G. Venture Partners
Price per Share
$xx.xx
Shares Outstanding
91,593
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
83north, Group 1001, Mufg Innovation Partners, O.G. Venture Partners
07/25/2022
Series D-A
$5.27MM
$xx.xx
$88.12B
83north, Group 1001, Mufg Innovation Partners, O.G. Venture Partners
Price per Share
$xx.xx
Shares Outstanding
369,820
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
83north, Group 1001, Mufg Innovation Partners, O.G. Venture Partners
07/25/2022
Series D
$38.88MM
$xx.xx
$88.12B
83north, Group 1001, Mufg Innovation Partners, O.G. Venture Partners
Price per Share
$xx.xx
Shares Outstanding
2,729,806
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
83north, Group 1001, Mufg Innovation Partners, O.G. Venture Partners
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November Private Market Update
