News
Lendbuzz, O.G. Tech’s Portfolio Company, Secures Additional $135 Million In 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. Tech’s Portfolio Company
Lendbuzz, O.G. Tech’s Portfolio Company, Secures $150 Million In Credit Facility With J.P. Morgan
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. Tech Announces O.G. Tech II, a $400 Million Early Growth Fund
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, OG Tech’s Portfolio Company, Raises $42 Million
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. Tech’s Portfolio Company, Has Raised $142 Million
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.
Buildots, O.G. Tech’s Portfolio Company, Lands $60M
Buildots today announced that it raised $60 million in a Series C round co-led by Viola Growth and Eyal Ofer’s O.G. Tech, with participation from TLV Partners, Lightspeed Venture Partners, Future Energy Ventures and Maor Investments. Roy Danon, Co-Founder and CEO, says the new capital, which brings Buildots’ total raised to $106 million, will be put toward product development and expanding the Buildots team, particularly in Europe and North America.
Arbe Robotics Ltd. (Nasdaq: ARBE), O.G. Tech’s Portfolio Company, Wins the Tech.AD Europe 2022 Award
Arbe, the global leader in next-generation 4D Imaging Radar Solutions, today announced that it won the Tech.AD Europe 2022 Award in the category of Sensor Perception
Home365, O.G. Tech’s Portfolio Company, Secures $26M In Series B Funding Round
Home365, a tech-enabled platform making real estate investing and property management accessible to the masses, today announced a Series B funding round of $26 million, led by Viola Growth with participation from existing investors GreenSoil PropTech, O.G. Tech, Verizon Ventures, North First Ventures, Lool Ventures, and Gatewood Capital
Connecteam, O.G. Tech’s Portfolio Company, Raises $120 Million For Deskless Workforce Management Platform
The Israeli company’s Series C funding comes on the back of a very successful year in which it increased
its annual revenue and number of clients by 400%
WSC Sports, O.G. Tech’s Portfolio Company, Scores $100 Million Series D
Sports highlights platform WSC Sports announced that it has closed a $100 million Series D round, led by
ION Crossover Partners (ICP), with participation by existing investors, including Intel Capital, O.G. Tech,
and Detroit Venture Partners