The Technology team advised Levelpath on its Series B funding exceeding $55 million led by Battery Ventures, bringing the total capital raised to over $100 million. Other investors participated in the funding round as well, including Redpoint Ventures, Benchmark, 01A, New View Capital and World Innovation Lab. The new capital accelerates Levelpath’s mission to reinvent how global enterprises manage procurement, typically the second-largest operational expense after payroll.
Levelpath will use the new funding to accelerate product development, scale its go-to-market team and deepen ecosystem partnerships, all in service of meeting growing enterprise demand for AI-native procurement. With strong early traction and strategic integrations like its placement in Coupa’s App Marketplace, Levelpath is well-positioned to make delightful, intelligent procurement the new enterprise standard.
Levelpath is the leading AI-native procurement platform transforming how global enterprises manage indirect spend. Built from the ground up for the AI era, our platform unifies procurement operations through intelligent automation, featuring an intuitive stakeholder interface, advanced workflow orchestration, and our proprietary Hyperbridge reasoning engine that delivers real-time intelligence and complete visibility across all procurement activities. Trusted by leading Fortune enterprises worldwide, including Ace Hardware, Amgen, Coupang, Fortrea, GATX, SiriusXM, SSM Health, and Western Union, Levelpath's AI-native architecture enables organizations to collaborate smarter, operate faster, and scale procurement operations that drive measurable business value.
The deal team was led by Craig Schmitz, Dane Patterson, Diana Cao, Grace Amato, Ali Rafie, Kevin Lam, Charles Li, and Jake Osborn.
For more information on the deal, please read the press release and the blog post from Levelpath.