Lendbuzz Funding, LLC announced that it has received $60 million in funding from a group of investors
June 22, 2021
On June 23, 2021, Lendbuzz Funding, LLC closed the transaction. The company amended the terms of the transaction, and raised $36,358,944 in its second tranche closing, bringing the total gross proceeds raised in the transaction to $60,000,000. The transaction was led by new investor Wellington Management Group LLP, and included participation from new investors West Street Capital Partners and MUFG Innovation Partners Co., Ltd., and returning investors 83North Limited, Mivtach Shamir Holdings Ltd (TASE:MISH), Arkin Holdings, O.G. Tech Ventures, and Highsage Ventures LLC. The company has received $54,745,817 pursuant to exemption provided under Regulation D from 16 investors.
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