Levelpath, a San Francisco, CA-based software-as-a-service (SaaS) platform focused on transforming enterprise procurement processes, has raised $30 million in a Series A funding, which follows an unannounced $14.5 million seed round, bringing its total raised to $44.5 million.
SaaS Investors
The Series A round was led by Redpoint.
Levelpath Use of Funds
The funding will be used to expand the company's team, invest in product development, and prepare for a broader go-to-market strategy in 2024.
About Levelpath
Founded by Stan Garber and Alex Yakubovich, Levelpath is a procurement and supply chain software company that offers a mobile-first interface, customized approval workflows, and AI-powered actionable insights to streamline procurement processes. The platform helps businesses consolidate and restructure services by identifying vendor redundancy and suggesting alternative options that meet their criteria.
Levelpath claims to have dozens of enterprise customers already, including Ace Hardware, Qualtrics, and Innovacare.
Funding Details
Company: Levelpath Inc.
Raised: $30.0M
Round: Series A
Funding Month: September 2023
Lead Investors: Redpoint
Additional Investors:
Company Website: https://www.levelpath.com/
Software Category: Procurement and Supply Chain Software
Source: https://techcrunch.com/2023/09/18/procurement-management-platform-levelpath-raises-30m/