Levelpath, a San Francisco, CA-based AI-native procurement platform, has raised over $55 million in Series B funding, bringing its total funding to $100 million.
Investors
The round was led by Battery Ventures, with participation from Redpoint Ventures, Benchmark, 01A, New View Capital, and World Innovation Lab.
Battery Ventures is a global, technology-focused investment firm. Founded in 1983, the firm backs companies at various stages—from seed to growth and private equity. It invests globally from offices in Boston, Silicon Valley, San Francisco, Israel, and London.
As part of the funding, Battery Ventures General Partner Neeraj Agrawal will join Levelpath's board of directors.
Levelpath Use of Funds
The company will use the new capital to accelerate product development, expand its go-to-market team, and strengthen ecosystem partnerships.
About Levelpath
Founded by Alex Yakubovich and Stan Garber, Levelpath is an AI-native procurement platform designed to modernize how global enterprises manage procurement. It leverages a proprietary Hyperbridge reasoning engine and a suite of autonomous AI agents to deliver intelligent automation, contextual decision-making, and seamless user experiences. Its platform simplifies and automates the procurement process from intake to sourcing, contracting, and pipeline tracking. Levelpath serves Fortune 500 enterprises worldwide, including Ace Hardware, Amgen, Coupang, Fortrea, GATX, SiriusXM, SSM Health, and Western Union.
Funding Details
Company: Levelpath, Inc.
Raised: $55.0M
Round: Series B
Funding Date: July 2025
Lead Investor: Battery Ventures
Additional Investors: Redpoint Ventures, Benchmark, 01A, New View Capital, World Innovation Lab
Company Website: https://www.levelpath.com/
Software Category: AI Procurement Platform / Enterprise Software
Source: https://www.businesswire.com/news/home/20250627629944/en/