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INDUSTRY FIRST

Levelpath Raised $44.5M From A Benchmark-Led Seed Round Followed By A Redpoint Ventures-Led Series A And Will Now Launch The First Ai-Powered, Mobile-First Procurement Platform That Makes The Procurement Experience Delightful

Sep 18, 2023•almost 2 years ago

Amount Raised

$44.5 Million

Round Type

series a

San FranciscoArtificial IntelligenceSoftwareMobile

Investors

Menlo VenturesWorld Innovation LabNew View CapitalChetan PuttaguntaAlex BardRedpoint Ventures

Description

Levelpath, a platform powering delightful procurement, today announced it has raised $44.5M from a $14.5M Benchmark-led seed round and a $30M Series A led by Redpoint Ventures. Alex Bard, managing director at Redpoint Ventures, and Chetan Puttagunta, general partner at Benchmark, will join Levelpath's' board of directors. Additional investors include NewView Capital, World Innovation Lab (WiL), and Menlo Ventures.

Company Information

Company

Levelpath

Location

San Francisco, California, United States

About

Levelpath is the leading AI-native procurement platform transforming how global enterprises manage indirect spend. Built from the ground up for the AI era, our platform unifies procurement operations through intelligent automation, featuring an intuitive stakeholder interface, advanced workflow orchestration, and our proprietary Hyperbridge reasoning engine that delivers real-time intelligence and complete visibility across all procurement activities. Trusted by leading Fortune enterprises worldwide, including Ace Hardware, Amgen, Coupang, Fortrea, GATX, SiriusXM, SSM Health, and Western Union, Levelpath's AI-native architecture enables organizations to collaborate smarter, operate faster, and scale procurement operations that drive measurable business value.

Company News

(10 articles)

Thu, 21 Aug 2025 15:59:38 GMT

Levelpath Named a 2025 Gartner® Cool Vendor™ for Sourcing and Procurement Technology - upstatetoday.com

Thu, 21 Aug 2025 16:02:43 GMT

Levelpath Named Gartner Cool Vendor for Sourcing and Procurement Technology - AInvest

Tue, 01 Jul 2025 07:00:00 GMT

Levelpath Raises Over $55 Million in Series B - The SaaS News

Mon, 30 Jun 2025 07:00:00 GMT

Levelpath Raises $55+ Million to Reimagine Enterprise Procurement, led by Battery Ventures - Business Wire

Mon, 30 Jun 2025 07:00:00 GMT

Next-gen procurement platform Levelpath nabs $55M - Yahoo Finance

Mon, 16 Jun 2025 07:00:00 GMT

Levelpath Expands AI-Native Platform with Newly Released AI Front Door and Pipeline - Business Wire

Tue, 21 May 2024 07:00:00 GMT

Levelpath Unveils Hyperbridge Architecture, Revolutionizing AI-Driven Procurement - PR Newswire

Tue, 01 Jul 2025 05:40:10 GMT

Levelpath Raises $55M to Transform AI-Driven Procurement - Startup Ecosystem Canada

Tue, 15 Jul 2025 07:00:00 GMT

Levelpath Names Jerry Brooner as Chief Revenue Officer - Business Wire

Thu, 22 Jun 2023 03:57:09 GMT

Levelpath - Crunchbase

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