Levelpath Secures $55M in Series B Funding
Levelpath, a San Francisco-based AI-native procurement platform provider, has successfully raised $55 million in Series B funding, bringing its total funding to $100 million. This round was led by Battery Ventures, with participation from Redpoint Ventures, Benchmark, 01A, New View Capital, and World Innovation Lab. Neeraj Agrawal from Battery Ventures will join Levelpath’s board of directors as part of the funding.
The company plans to use the funding to accelerate product development, expand its go-to-market team, and strengthen ecosystem partnerships. Levelpath, led by Co-founder and CEO Alex Yakubovich and President Stan Garber, offers an AI-native procurement platform that enables global enterprises to manage indirect spend efficiently. The platform features intelligent automation, advanced workflow orchestration, and a proprietary Hyperbridge reasoning engine for real-time intelligence and complete visibility across all procurement activities. Fortune enterprises like Ace Hardware, Amgen, Coupang, and Western Union utilize Levelpath’s AI-native architecture to enhance collaboration, operations, and scalability in procurement operations.
With its recent funding, Levelpath is poised to further innovate and support organizations in optimizing their procurement processes, ultimately driving efficiency and effectiveness in their operations.
