Level Raises $27M in Series A Funding


Level, a NYC-based technology company that makes financial products for employers, raised $27m in Series A funding.

The round was led by Khosla Ventures and Lightspeed Venture Partners with participation from Operator Collective, previous investors First Round Capital and Homebrew and angels.

The company intends to use the funds to continue to build insurance and benefits products.

Led by Paul Aaron, founder and CEO, Level first launched employer-sponsored dental benefits in 2019 and now also offers vision plans. Today, the company serves companies including Intercom, Udemy, Docker, and KeepTruckin.

Next up, Level will launch new modern plans tailored for small businesses.