What is Lev?
Founded in 2019 and headquartered in New York City, Lev operates at the intersection of commercial real estate and financial technology. The company leverages machine learning to assist property owners and investors in securing optimal financing solutions. Lev's platform analyzes portfolios, identifies suitable lenders, and streamlines the closing process, offering a data-driven approach to capital markets. The company transacts across all asset types nationwide, positioning itself as a key player in the evolving real estate finance landscape.
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
Series B
$70M
Debt
$100M
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 Caanan Partners, Pete Flint, and Jones Lang LaSalle
Series A (2021): $30M featuring Ludlow Ventures, NFX, JLL Spark, Canaan Partners, and Animo Ventures
Series B (2022): $70M backed by StepStone Group, Capital One Ventures, Citi SPRINT, Cross River Digital Ventures, Animo Ventures, The NFX, Citi Ventures, Canaan Partners, JLL Spark, Parker89, and Blitzscaling Ventures
Debt (2022): $100M with participation from Cross River's Strategic Direct Lending Group
Key Investors in Lev
StepStone Group
StepStone Group is a global private markets investment firm providing customized investment solutions and advisory services to institutional clients, focusing on private equity, infrastructure, private debt, and real estate.
Canaan Partners
Canaan is an early-stage venture capital firm investing in technology and healthcare companies from seed through growth stages, with expertise in enterprise software, fintech, consumer, biopharma, and digital health.
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.
What's next for Lev?
With its recent major strategic investment and substantial overall capital, Lev is poised for significant scaling and innovation. The company's focus on integrating advanced technology with traditional capital markets expertise suggests a trajectory towards further market penetration and product development. This funding will likely enable Lev to expand its team, enhance its machine learning algorithms, and broaden its service offerings to a wider range of commercial real estate clients, solidifying its role as a leader in proptech financing.
See full Lev company page
