News

Lendbuzz, O.G. Venture Partners’ Portfolio Company, Has Raised $345M In A Combination Of $45M In Equity Funding At A Valuation Of $1.1B, And $300M In A Forward Flow Facility

October 4, 2023

Lendbuzz announced that it has raised $345 million in a combination of $45 million in equity funding at a valuation of $1.1 billion, and $300 million in a forward flow facility. Lendbuzz has seen its valuation rise from $460 million in 2021, to $960 million in 2022, and now to $1.1 billion.

Candivore, O.G. Venture Partners’ Portfolio Company, Raises $100M

August 14, 2023

Founded in 2018, Candivore is a leading, independent mobile gaming studio based in Tel Aviv, Israel. Its hit game Match Masters has been downloaded more than 50 million times.

Lendbuzz, O.G. Venture Partners’ Portfolio Company, Completes $163.15 Million Asset-Backed Securitization

June 8, 2023

Lendbuzz announced that it has closed a $163.15 million securitization collateralized by a pool of retail automobile contracts made to obligors and secured by new and used cars. This transaction, Lendbuzz’s  second securitization of 2023, and fourth since launching the program, continues a period of record-breaking success for the company.

SuperPlay, O.G. Venture Partners’ Portfolio Company, Was Ranked 5th On Calcalist’s 2023 Top 50 Israeli Startups List

April 25, 2023

WSC Sports, O.G. Venture Partners’ Portfolio Company, Wins a Tech Emmy® Award

April 17, 2023

WSC Sports was an honoree in this year’s award as the developer of an AI-powered platform that enables sports media rights holders to generate and distribute customized video highlights automatically and in real-time.

Lendbuzz, O.G. Venture Partners’ Portfolio Company, Completes $187.95 Million Asset-Backed Securitization

February 28, 2023

Lendbuzz announced that it has closed a $187.95 million securitization collateralized by a pool of retail automobile contracts made to obligors and secured by new and used cars. This transaction, Lendbuzz’s first securitization of 2023, and third since launching the program, follows a period of record-breaking success for the company.

Lendbuzz, O.G. Venture Partners’ Portfolio Company, Secures Additional $135 Million In Credit Facility With Regions Bank  

December 15, 2022

Lendbuzz announced today that it closed a $135 million credit facility with Regions Bank on top of $150M facility from J.P. Morgan and $300M from Goldman Sachs Bank USA and Viola Credit.

Globes’ 2022 Most Promising Israeli Startups Featuring Buildots, O.G. Venture Partners’ Portfolio Company

December 14, 2022

Lendbuzz, O.G. Venture Partners’ Portfolio Company, Secures $150 Million In Credit Facility With J.P. Morgan

November 1, 2022

Lendbuzz announced today that it closed a $150 million credit facility with J.P. Morgan. The fintech company continues to grow loan originations by over 100% year over year, leveraging proprietary AI and machine learning algorithms to provide better access to credit for millions of consumers.

O.G. Venture Partners Announces O.G. Venture Partners II, a $400 Million Early Growth Fund 

September 8, 2022

O.G. Tech announced on Thursday about the launch of a new $400 million fund with a continued focus on early growth stage investments in software tech startups. Just as with the first fund, the entire sum will be provided by Eyal Ofer. Fund II follows the launch of Fund I in 2017, $100 million later expanded to $150 million.

LightBits, O.G. Venture Partners’ Portfolio Company, Raises $42 Million

June 28, 2022

Lightbits, the first software-defined NVMe® data platform for any cloud, today announced that it has raised $42 million in growth capital. New investor Atreides Management led the round, alongside J.P. Morgan, Valor Equity Partners, Eyal Ofer’s O.G. Tech, founder and chairman of Pacific Century Group (PCG) Richard Li, existing investors, and others. With this financing, the company has raised more than $100 million since its founding in 2016.

Coralogix, O.G. Venture Partners’ Portfolio Company, Has Raised $142 Million

June 1, 2022

The Israeli startup, which also has an HQ in San Francisco, has raised $142 million, funding that it will be using to continue investing in its R&D as well as in building out more of its sales and business development globally.