Total amount raised
$147 Million
Latest funding date
2020-02-05
Location
Level has been making strides in the financial sector with its innovative approach to funding and investment solutions. The company offers a range of financial products designed to meet the diverse needs of its customers.
Keep reading to explore the intricacies of Level's fundraising journey and the investors backing this innovative platform.
What Is Level?
Level operates in the financial services industry, focusing on personal loans and credit cards. The company is headquartered at 222 W Merchandise Mart Plaza, Suite 900, Chicago, IL 60654.
Level aims to help customers move financially forward by offering a variety of loan products and a credit card. They emphasize customer support and privacy protection, providing tools and solutions designed to meet diverse financial needs.
Additionally, Level offers a mobile app for account management and maintains a blog for financial education, ensuring customers have access to valuable resources and support.
How Much Funding Has Level Raised?
- Seed Round
- Amount Raised: USD 2,500,000
- Date: September 2016
- Lead Investors: Eniac Ventures
- Seed Round
- Amount Raised: USD 8,500,000
- Date: October 2017
- Lead Investors: Eniac Ventures
- Series Unknown
- Amount Raised: USD 16,000,000
- Date: November 2018
- Lead Investors: Eniac Ventures
- Series A
- Amount Raised: USD 20,000,000
- Date: May 2019
- Lead Investors: New Enterprise Associates
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: February 2020
- Lead Investors: Neuberger Berman
In total, Level has raised USD 147,000,000.
Key Investors
- Eniac Ventures
- Details: Eniac Ventures is a venture capital firm that invests in early-stage technology companies. They have a strong track record of supporting startups through their growth phases.
- Investment Focus Areas: Technology, Software, Mobile
- Notable Investments: Airbnb, SoundCloud, Hinge
- New Enterprise Associates
- Details: New Enterprise Associates (NEA) is one of the world's largest and most active venture capital firms. They invest in companies across multiple stages and sectors.
- Investment Focus Areas: Healthcare, Technology, Consumer
- Notable Investments: Robinhood, Coursera, Duolingo
- Neuberger Berman
- Details: Neuberger Berman is a private, independent, employee-owned investment management firm. They offer a range of investment solutions to institutions and individuals.
- Investment Focus Areas: Equities, Fixed Income, Alternatives
- Notable Investments: Not publicly disclosed
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