Levelpath Bids to Streamline Procurement with US$55m Funding
Levelpath has raised more than US$55m in Series B funding, bringing its total capital raised to date to more than US$100m.
The latest capital injection looks set to help the company achieve its mission to modernise procurement and will give it a global boost.
To achieve growth on a global scale, Levelpath is introducing its AI Agents. Such agents allow procurement teams to become more efficient, streamlining intake, sourcing, contracts and project pipelines within a single platform.
Streamlining procurement
Levelpath was founded in 2022 by Alex Yakubovich and Stan Garber and has been AI-native since its inception. AI is woven seamlessly throughout the platform, alongside context-specific adaptations and data models that learn over time to adapt to each business and the changing enterprise environment.
The platform is built to help amplify business impact, creating a smooth and efficient procurement workflow so businesses can focus on value-adding activities.
With built-in intelligence, companies can experience a smooth procurement cycle by harnessing Levelpath’s AI-native platform.
Whilst procurement has always relied upon tools to help ease workflows, Levelpath is there to ensure speed and efficiency.
With Levelpath’s Hyperbridge platform – the AI-native architecture – companies can have a greater impact with their work as they can make more informed decisions faster.
A productive partnership
To enable further growth, Levelpath has partnered with Battery Ventures (BV), a global technology-focused investment firm. BV invests across startups and established companies around the world, with focused expertise in communications, business development and growth.
BV will bring more than 40 years of experience to the partnership, alongside resources and an expansive network. With BV’s knowledge, Levelpath is optimistic about the growth of its business.
“We are excited to have Neeraj Agrawal, General Partner at Battery Ventures and a trusted leader in the space, join our board of directors,” say Stan and Alex.
“Neeraj previously led Battery’s investment in Coupa and brings a wealth of insight to our mission.”
The partnership is sure to bring great advancement to the procurement industry, with faster strategic decisions taking place and significantly higher levels of productivity.
Neeraj comments: “Levelpath represents the future of enterprise procurement: intelligent, automated, and strategically aligned with business objectives.
“The team has built remarkable technology that delivers demonstrable value to some of the world’s largest companies. We are excited to partner with them as they scale to become the definitive procurement platform for global enterprises.”
For the future
Levelpath's latest funding will support its rapid expansion and the acceleration of product development.
Stan continues: "This round gives us the fuel to double down on our mission: making procurement delightful.
“From day one, we built Levelpath to be AI-native—and now with the launch of our AI Agents, we’re showing what intelligent, autonomous procurement truly looks like. No clunky workflows. No endless handoffs. Just results.”
Ultimately, Levelpath's mission is to turn procurement into a competitive advantage for companies, especially with the development of its AI Agents. These agents are built with outcome-driven capabilities and designed to be completely autonomous in solving procurement challenges.
As a result, they do not require manual intervention, so companies can focus on what matters, whilst the AI Agents solve underlying issues.
This means addressing challenges like sourcing event creation, supplier onboarding and risk assessments as a means to drive productivity.
Powered by Hyperbridge, the AI Agents have a total lifecycle oversight and unified grounding, meaning they can ensure seamless data connectivity without manual intervention.
In using Levelpath, companies can expect to enjoy a more streamlined workflow and stay up to date with technological advancements, allowing them to grow and secure a competitive edge.
