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Bowery Valutation Raises $35M in Series B Funding


Bowery Valutation, a New York-based technology-enabled commercial real estate appraisal company, raised $35M in Series B funding.
The round, which brought total funding to date to $66m, was led by Growth Equity business within Goldman Sachs Asset Management with participation from Capital One Ventures and existing investors Builders VC, Fika Ventures, Navitas Capital, Camber Creek, Nine Four Ventures, Greenspring Associates, and Alpaca VC. In conjunction with the funding, Jade Mandel, Vice President in the Growth Equity business within Goldman Sachs Asset Management, will be joining the board of directors at Bowery.
The company intends to use the funds to grow its product, design, and engineering teams and further bolster its appraisal technology platform. ....

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Goldman Sachs leads $45M investment into auto fintech startup MotoRefi – TechCrunch


Goldman Sachs leads $45M investment into auto fintech startup MotoRefi
MotoRefi has raised another $45 million in a round led by Goldman Sachs just five months after investors poured $10 million into the fintech startup to help turbocharge its auto refinancing business.
The startup developed an auto refinancing platform that handles the entire loan process, including finding the best rates, paying off the old lender and re-titling the vehicle. MotoRefi says using its platform saves consumers an average of $100 a month on their car payments, a goal achieved partly because it works directly with lending institutions. The company’s refinancing tools had seen steady growth until the COVID-19 pandemic popped into in higher gear. CEO Kevin Bennett said MotoRefi is on track to issue $1 billion in loans by the end of the year, a fivefold increase from the same period last year. ....

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