# Group 1001 Leads $45 Million Series D Funding in Lendbuzz

**Published:** 2023-10-04
**Source:** https://www.startuphub.ai/ai-news/startup-news/2023/group-1001-leads-45-million-series-d-funding-in-lendbuzz

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Automotive financing platform, [Lendbuzz](https://www.lendbuzz.com/), raised $345 million in debt and equity funding today. This includes $45 million in Series D funding, and a $300 million forward flow facility. The round was led by Group 1001 with participation from 83North, O.G. Venture Partners, and MUFG Innovation Partners.

Demonstrating ten consecutive profitable quarters, Lendbuzz reported a 135% revenue growth in 2022 and an over 80% increase in H1 2023.

Lendbuzz utilizes AI and machine learning to enhance its auto finance platform, facilitating improved credit access for car buyers. By leveraging alternative data, Lendbuzz efficiently evaluates a consumer's credit suitability, particularly catering to those overlooked by conventional banks. With bespoke software, the company optimizes loan procedures for dealerships, enabling them to cater to a broader clientele.

The investment will fuel Lendbuzz's endeavors in R&D, tech enhancements, and product innovation to better cater to consumers and dealership partners.

Headquartered in Boston, the startup was founded in 2015 by [Amitay Kalmar](https://www.startuphub.ai/people/amitay-kalmar/) (CEO) and Dan Raviv (CTO).

This funding round brings Lendbuzz' total equity funding to over $120 million, and their total debt funding to over $1.5 billion (StartupHub.ai data).

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Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory.