Total amount raised
$44.5 Millions
Latest funding date
09/01/2023
Location
Levelpath has successfully raised funding to support its AI-driven platform for procurement, which includes solutions like intake-to-procure, sourcing, contract management, and impact tracking. The platform aims to streamline procurement processes for various stakeholders, including legal, risk, IT, and finance teams.
Keep reading to explore the intricacies of Levelpath's fundraising journey and the investors backing this innovative platform.
What Is Levelpath?
Levelpath operates within the procurement and supply chain management industry, offering an AI-driven platform designed to unify and streamline procurement processes. Their suite of products includes tools for intake-to-procure, sourcing, contract management, and pipeline tracking.
The company aims to enhance procurement efficiency and savings through its integrated solutions. Levelpath's platform is also featured in the Coupa App Marketplace, highlighting its compatibility with other procurement systems.
How Much Funding Has Levelpath Raised?
- Seed Round
- Amount Raised: $14.5M
- Date: Sep 2023
- Lead Investors: Benchmark
- Series A
- Amount Raised: $30M
- Date: Sep 2023
- Lead Investors: Redpoint
Levelpath has raised a total of $44.5M in funding.
Key Investors
- Redpoint
- Details: Redpoint is a venture capital firm that invests in seed, early, and growth-stage companies. They have a strong track record of supporting innovative technology startups.
- Investment Focus Areas: Technology, healthcare, consumer internet
- Notable Investments: Stripe, Snowflake, Twilio
- Benchmark
- Details: Benchmark is a venture capital firm known for its early-stage investments in technology companies. They have been instrumental in the growth of several high-profile startups.
- Investment Focus Areas: Software, mobile, marketplaces
- Notable Investments: Uber, eBay, WeWork
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