Total amount raised
$147 Million
Latest funding date
2/1/2020
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.
What Is Level?
Level was a digital banking app built by Zero Financial, a San Francisco-based fintech founded in 2016. It offered a debit card with cashback rewards, deposits earning interest and early access to paychecks. Avant, a Chicago-based online lender, completed its acquisition of Zero Financial and Level in April 2021.
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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