How Much Did Levo Raise? Funding & Key Investors

Levo has successfully raised funding over four rounds, with the latest being a Venture - Series Unknown round. The platform is backed by 12 investors, including Halogen Ventures and StartX.

Keep reading to explore the intricacies of Levo's fundraising journey and the investors backing this professional network for millennials.

What Is Levo?

Levo was a prominent professional network for millennials, offering services in career planning, community building, and professional networking. The company was based in San Francisco, California, and had an employee count ranging from 11 to 50.

Levo operated in various industries, including Career Planning, Communities, Internet, Professional Networking, and Publishing. Despite its success, the company is now permanently closed.

How Much Funding Has Levo Raised?

1. Angel Round
   • Amount Raised: USD 1,000,000
   • Date: March 2012
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the initial growth and development of Levo League.
2. Angel Round
   • Amount Raised: USD 7,000,000
   • Date: February 2014
   • Lead Investors: Lubna Olayan, Véronique Morali
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To create Levo 2.0, increase membership, and launch local chapters globally.
3. Series A
   • Amount Raised: Not publicly disclosed
   • Date: April 2015
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand the platform's services and reach.
4. Series Unknown
   • Amount Raised: Not publicly disclosed
   • Date: July 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To sustain operations and explore new growth opportunities.

Total Amount Raised: USD 8,000,000

Current Valuation: Not publicly disclosed

Key Investors

• Halogen Ventures
  • Details: Halogen Ventures is a venture capital firm that invests in early-stage consumer technology companies. The firm is known for supporting female-founded startups.
  • Investment Focus Areas: Consumer technology, female-founded startups, early-stage companies.
  • Notable Investments: Not publicly disclosed.
• StartX (Stanford-StartX Fund)
  • Details: StartX is an accelerator program and venture fund that supports Stanford-affiliated entrepreneurs. It provides resources and mentorship to help startups grow.
  • Investment Focus Areas: Stanford-affiliated startups, technology, innovation.
  • Notable Investments: Not publicly disclosed.
• Lubna Olayan
  • Details: Lubna Olayan is the CEO of Olayan Financing Co., a major Saudi Arabian firm. She is a prominent businesswoman known for her leadership in finance and investment.
  • Investment Focus Areas: Technology, finance, diverse investments.
  • Notable Investments: Not publicly disclosed.
• Véronique Morali
  • Details: Véronique Morali is the President of Fimalac and CEO of Webedia/Allocine. She has a strong background in media and digital content.
  • Investment Focus Areas: Media, digital content, technology.
  • Notable Investments: Not publicly disclosed.
• Sheryl Sandberg
  • Details: Sheryl Sandberg is the COO of Facebook and author of "Lean In". She is a well-known advocate for women's empowerment in the workplace.
  • Investment Focus Areas: Technology, social media, women’s empowerment.
  • Notable Investments: Levo League, Facebook.

What's Next for Levo?

Levo's future holds significant opportunities, particularly with the development of Levo 2.0 and the expansion of its membership base. The platform aims to launch local chapters globally, enhancing its reach beyond the current 22 cities. This expansion could potentially increase its user base, which already stands at 8 million members, and strengthen its recruitment and brand engagement services.

Given these ambitious plans, Levo may seek additional funding to support its growth initiatives. The focus on personalized career resources and networking for young professionals aligns with industry trends, suggesting a favorable environment for future fundraising. However, the company will need to navigate challenges such as competition from other platforms and the logistics of global expansion.

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