What is Lev?
Founded in 2019 and headquartered in New York City, Lev operates as a technology-driven capital markets platform designed to optimize the commercial real estate financing process. The company utilizes machine learning algorithms to analyze portfolio data, match borrowers with the most suitable lenders, and expedite deal closures. By replacing traditional, manual brokerage processes with data-backed insights, Lev provides a modern interface for property owners to navigate the complexities of debt procurement across all asset classes.
The company's market position is defined by its dual focus on high-touch advisory services and scalable software solutions. By integrating deep industry expertise with automated underwriting and lender matching, Lev addresses the inefficiencies inherent in the commercial real estate market, positioning itself as a vital partner for both institutional and private investors seeking to maximize capital efficiency.
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 Ludlow Ventures, Joel Scheiber, and Animo Ventures
Debt (2020): $150K led by PPP
Angel/Seed (2021): $10M supported by Jones Lang LaSalle, Caanan Partners, and Pete Flint
Series A (2021): $30M featuring Ludlow Ventures, JLL Spark, Canaan Partners, Animo Ventures, and NFX
Debt (2022): $100M backed by Cross River's Strategic Direct Lending Group
Series B (2022): $70M with participation from Capital One Ventures, Citi SPRINT, Blitzscaling Ventures, Canaan Partners, The NFX, Citi Ventures, JLL Spark, Parker89, Animo Ventures, Cross River Digital Ventures, and StepStone Group
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 support of its latest funding round, Lev is well-positioned to expand its market reach and deepen its technological capabilities. The strategic focus will likely center on enhancing its machine learning models to provide even more granular insights into lender behavior and market trends. Furthermore, the company is expected to continue its nationwide expansion, strengthening its presence in key commercial hubs while diversifying its service offerings to support more complex transaction structures.
As the PropTech industry matures, Lev's ability to maintain its competitive edge will depend on its continued integration with institutional capital providers and its capacity to scale its platform without compromising the quality of its advisory services. The firm is poised to play a central role in the ongoing digital transformation of commercial real estate finance.
