Lendbuzz, the Boston-based specialty finance lendtech specializing in auto loans using alternative data, machine learning, and deep neural networks, has raised $345 million in equity and debt ($45 million in equity/ $300 million in a forward flow facility). The investment was led by Group 1001 with participation from existing investors 83North, O.G. Venture Partners, and MUFG Innovation Partners. The company has seen significant revenue growth, including over 80% in the first half of 2023, surpassing its projected annual run-rate of $200 million.

Lendbuzz Raises $345 Million to Expand its AI-Powered Auto Finance Platform