What is Lev?
Lev operates at the intersection of commercial real estate and financial technology, offering owners and investors sophisticated financing solutions. Leveraging machine learning technology, Lev's capital markets experts analyze property portfolios to identify optimal lenders and expedite transaction closings. Founded in 2019 and based in New York City, Lev transacts across all asset types nationwide, providing a streamlined and transparent process for its clients.
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 Joel Scheiber, Animo Ventures, and Ludlow Ventures
Debt (2020): $150K led by PPP
Angel/Seed (2021): $10M supported by Pete Flint, Caanan Partners, and Jones Lang LaSalle
Series A (2021): $30M featuring Ludlow Ventures, NFX, JLL Spark, Canaan Partners, and Animo Ventures
Debt (2022): $100M backed by Cross River's Strategic Direct Lending Group
Series B (2022): $70M with participation from StepStone Group, Capital One Ventures, Citi SPRINT, Parker89, Blitzscaling Ventures, The NFX, Citi Ventures, Canaan Partners, Cross River Digital Ventures, JLL Spark, 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. With offices in the U.S. and Israel and billions of dollars under management, Canaan has funded hundreds of startups and supported dozens of IPOs and acquisitions.
StepStone Group
StepStone Group (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. StepStones clients include some of the worlds largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds, and insurance companies, as well as prominent endowments, foundations, family offices, and private wealth clients, which include high-net-worth and mass affluent individuals.
The 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. Their investment areas include gaming, generative AI, proptech, space, fintech, marketplaces, and crypto, with a strong presence in Silicon Valley, Israel, Europe, and Latin America.
What's next for Lev?
With its recent major enterprise-level funding and strategic investment, Lev is well-positioned for significant expansion. The company's focus on integrating advanced technology with traditional capital markets expertise suggests a trajectory towards further market penetration and product development. Future initiatives will likely involve enhancing its machine learning capabilities, expanding its lender network, and potentially exploring new service offerings within the PropTech ecosystem. This strategic backing signals confidence in Lev's business model and its potential to disrupt the commercial real estate financing landscape.
See full Lev company page
