Leverage Raises $7 Million in Funding

by Kay Aloha Villamor in July 17th, 2023

Leverage, a New York-based platform for end-to-end supply chain visibility, raised $7 million in growth capital.

The round was led by Chicago Ventures, with participation from Las Olas Venture Capital, Remarkable Ventures, Tensility, and Florida Funders.

The investment will be used to accelerate product development to support its global customer base.

Leverage's software platform combines modern technology and AI to provide its customers with unparalleled visibility and insights into their supply chains from supplier status updates to shipment ETAs. Integrations with existing systems allow customers to quickly simplify operations, allowing for real-time status visibility and automating purchase order visibility.

Leverage Co-Founder Nadav Ullman: "We're creating sustainable long-term technical solutions to solve supply chain logistics on a global scale. The additional capital allows us to continue to invest in engineering at a time when supply chain operations require radical and urgent modernization. We will continue to accelerate our product development-leveraging data analytics and machine learning to support our continuous, fast-growing customer base of some of the largest companies in the world."

Company: LVRG, Inc.

Raised: $7.0M

Round: Growth Round

Funding Month: July 2023

Lead Investors: Chicago Ventures

Additional Investors: Las Olas Venture Capital, Remarkable Ventures, Tensility, and Florida Funders

Company Website: https://www.tryleverage.ai/

Software Category: Supply Chain Visibility

About the Company: Founded by Nadav Ullman and Andrew Stroup, Leverage is an AI-powered supply chain command and control platform, and is on a mission to provide unprecedented visibility to the global $9 trillion logistics industry. Leverage provides enterprise software to supply chain teams around the world, enabling unprecedented visibility and building long-term supply chain sustainability across the entire lifecycle.

Source: https://www.accesswire.com/767961/Leverage-Raises-7m-to-Modernize-Global-Supply-Chains-With-Visibility-Platform


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