Levitate Closes $14 Million in Series C

by Kay Aloha Villamor in April 28th, 2023

Levitate, a Raleigh, N.C-based SaaS Happiness platform announced that it closed an additional $14 million of growth capital, bringing total fundraising to $40 million since inception.

The Series C round was led by Bull City Venture Partners, with participation by Tippet Partners, Protagonist, Duke Capital Partners, The Tweener Fund, Lipson himself, and over 60 other entrepreneurs, including Mark Templeton, former CEO of Citrix Systems and DigitalOcean, Joe Colopy and Chaz Felix, co-founders of Bronto Software, and Aaron Houghton, founder of iContact.

This funding round will fuel the growth of the company's Happiness Platform for relationship-based businesses.

With this funding round, Levitate is announcing the release of its AI Assistant. The AI Assistant helps customers write, reword, and edit emails and social media posts. It also translates content into 10 languages for customers with multi-lingual client bases. 

"With the launch of our AI Assistant, we're addressing one of the biggest barriers to personal outreach for small businesses: writer's block," said Jesse Lipson, founder, and CEO of Levitate. "Our AI Assistant has been fine-tuned for the specific use cases of small relationship-based businesses like insurance agencies, wealth management firms, and accounting firms. AI can be a technology that allows for deeper personal connections, not just a tool for automation. I'm excited about the amazing things we'll be able to deliver to our customers in the coming months and years to realize our vision of authentic communication at scale."

Company: Real Magic, Inc.

Raised: $14.0M

Round: Series C

Funding Month: April 2023

Lead Investors: Bull City Venture Partners

Additional Investors: Tippet Partners, Protagonist, Duke Capital Partners, The Tweener Fund, Jesse Lipson, Mark Templeton, Joe Colopy, Chaz Felix, Aaron Houghton, and Others

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

Software Category: Email Marketing Software

About the Company: Founded in 2017 by Jesse Lipson, Levitate is an AI & SaaS-driven customer relationship management and email marketing solution. Levitate helps relationship-based businesses nurture authentic connections with their clients, referral sources, and prospects. The company offers solutions to industries including insurance, financial advisors, real estate, and more. It provides features to add tags, provides email campaign management, tracks customers, and manages teams. Levitate's Happiness Platform allows users to send tailored emails at scale, post to social media, keep in touch with clients via text, send surveys, generate reviews, schedule meetings, remember key facts about their contacts, and accomplish business goals with a personalized approach.

Source:  https://www.prnewswire.com/news-releases/levitate-raises-14m-to-help-businesses-keep-in-touch-more-authentically-powered-by-ai-301808969.html

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