Levelpath, a San Francisco, CA-based provider of a procurement platform, raised $44.5M in Seed funding.
The funding included a $14.5M Benchmark-led seed round and a $30M Series A led by Redpoint Ventures with participation from NewView Capital, World Innovation Lab (WiL), and Menlo Ventures. Alex Bard, managing director at Redpoint Ventures, and Chetan Puttagunta, general partner at Benchmark, will join Levelpath’s’ board of directors.
The company intends to use the funds to continue growing the team and product developments.
Founded by CEO Alex Yakubovich and President Stan Garber, Levelpath is a provider of a procurement platform whose mobile-first approach maps the process for everyone to find where they need to go while streamlining workflows and approvals for enterprises of all sizes. The solution, used by companies such as Qualtrics, Innovacare Health, and more, offers an intuitive workflow for employees engaging with the procurement team, customized to meet each company’s compliance and procurement parameters.