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.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/04/2023 | Series D-1 | $22.49MM | $xx.xx | $1.07B | 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 | $1.07B | 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 | $881.22MM | 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 | $881.22MM | 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
|
||||||
12/03/2021 | Series C-2A | $5.04MM | $xx.xx | $470.83MM | Goldman Sachs, Mufg Innovation Partners, Wellington Management | |
Price per Share
$xx.xx
Shares Outstanding
605,240
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Goldman Sachs, Mufg Innovation Partners, Wellington Management
|
||||||
12/03/2021 | Series C-2 | $49.71MM | $xx.xx | $470.83MM | Goldman Sachs, Mufg Innovation Partners, Wellington Management | |
Price per Share
$xx.xx
Shares Outstanding
5,970,010
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Goldman Sachs, Mufg Innovation Partners, Wellington Management
|
||||||
01/15/2020 | Series C | $25.03MM | $xx.xx | $186.49MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
7,221,750
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
07/15/2019 | Series B-1 | $2.5MM | $xx.xx | $54.98MM | 83north | |
Price per Share
$xx.xx
Shares Outstanding
2,968,920
Liquidation Pref Order
4
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
|
||||||
07/15/2019 | Series B | $14.87MM | $xx.xx | $54.98MM | 83north | |
Price per Share
$xx.xx
Shares Outstanding
12,158,410
Liquidation Pref Order
4
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
|
||||||
06/30/2017 | Series A-1 | $1.15MM | $xx.xx | $15.71MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
4,567,840
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
06/30/2017 | Series A-2 | $154,421.87 | $xx.xx | $15.71MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
371,850
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
06/30/2017 | Series A-3 | $306,956.81 | $xx.xx | $15.71MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
578,280
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
06/30/2017 | Series A | $4.19MM | $xx.xx | $15.71MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
6,318,220
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|