Lendbuzz Funding, LLC announced that it will issue 801,500 preferred C stock at a price of $34.655 per share for gross proceeds of $27,775,982.5 on January 15, 2020. The shares will be convertible into common shares at a fixed conversion price of $34.655 per share. The round will be raised at a post-money valuation of $155,873,061. The company will receive $23,641,056 pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $81,399.