Lev, a NYC-based online commercial real estate financing transaction platform, raised $10m in seed funding.
The round was led by Pete Flint from NFX. Other investors included Caanan Partners, and JLL Spark, the strategic investment arm of commercial real estate services firm JLL. Previous lead investors Animo Ventures and Ludlow Ventures also participated in the financing.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Yaakov Zar, CEO, Lev leverages a combination of machine-learning, custom software, and commercial real estate expertise to help commercial real estate investors build and close on the perfect capital stack for each transaction.
Lev has closed over $100M in transactions over the last 12 months. Clients range from small commercial real estate investors to some of the largest institutional investors in the industry. Transactions have taken place across asset types nationwide.
The company has a team of 30 across capital markets and technology.