What is Lev?
Founded in 2019 and headquartered in New York City, Lev operates as a sophisticated digital intermediary for commercial real estate owners and investors. By leveraging advanced machine learning algorithms, the company optimizes the capital markets experience, effectively matching property portfolios with the most suitable lenders. This technological approach reduces friction in the deal-closing process, providing clients with real-time transparency and efficiency across diverse asset classes nationwide. Lev effectively bridges the gap between traditional real estate advisory and modern fintech innovation, positioning itself as a critical infrastructure provider for the modern property market.
How much funding has Lev raised?
Lev has raised a total of $212.3M across 6 funding rounds:
Angel/Seed
$2.1M
Debt
$150K
Angel/Seed
$10M
Series A
$30M
Debt
$100M
Series B
$70M
Angel/Seed (2020): $2.1M with participation from Animo Ventures, Joel Scheiber, and Ludlow Ventures
Debt (2020): $150K led by PPP
Angel/Seed (2021): $10M supported by Caanan Partners, Jones Lang LaSalle, and Pete Flint
Series A (2021): $30M featuring Ludlow Ventures, Canaan Partners, Animo Ventures, JLL Spark, and NFX
Debt (2022): $100M backed by Cross River's Strategic Direct Lending Group
Series B (2022): $70M with participation from Canaan Partners, The NFX, Citi Ventures, JLL Spark, Parker89, Citi SPRINT, Blitzscaling Ventures, Capital One Ventures, StepStone Group, Cross River Digital Ventures, and Animo Ventures
Key Investors in Lev
Canaan Partners
Canaan is an early-stage venture capital firm that invests in technology and healthcare companies, backing founders from seed through growth stages in areas such as enterprise software, fintech, consumer, biopharma, and digital health.
NFX
NFX is a venture capital firm that focuses on investing in pre-seed and seed stage startups, aiming to support exceptional founders who are building transformative companies across various sectors including proptech and fintech.
JLL Spark
JLL Spark Global Ventures is a venture capital firm specializing in early-stage PropTech startups, aiming to drive innovation within the commercial real estate sector by leveraging JLL's extensive industry experience.
What's next for Lev?
With the infusion of its latest capital, Lev is well-positioned to scale its operations and further refine its machine learning capabilities. The company's strategic focus remains on deepening its integration within the commercial real estate lifecycle, potentially expanding its service offerings to address more complex debt structures and institutional requirements. As the firm continues to attract high-caliber backing from both venture capital and strategic industry partners, it is poised to solidify its market leadership, driving further digital transformation in an industry historically characterized by manual, fragmented processes.
See full Lev company page
