Lev, a NYC-based online commercial real estate financing transaction platform, raised 30m in Series A funding.
The round was led by Greenspring, with participation from First American Title and existing investors, including NFX, Canaan Partners, JLL Spark, Animo Ventures and Ludlow Ventures.
The company intends to use the funds to:
- expand the team, in their New York City HQ, Miami R&D center and Los Angeles outpost, as well as through remote positions,
- invest in product development and
- extend its services.
Led by Yaakov Zar, founder and CEO, Lev is a full-stack transaction platform for the lifecycle of a commercial real estate investment, from analysis, financing and closing to monitoring, servicing and when the time comes, disposition. The company closed approximately $100m of loans in 2020, their first year in existence, and is projected to close over $1 billion in 2021.
FinSMEs
20/07/2021