Levelpath Secures $55 Million Series B To Revolutionize Ai Procurement
Levelpath, San Francisco-based, secured $55M in Series B funding, led by Battery Ventures, emphasizing AI procurement. Co-founded by Stan Garber & Alex Yakubovich, it targets $7.3B market, aims to quadruple 2025 revenue, and counts Ace Hardware & Amgen among clients.
Streamline procurement with Levelpath's AI-native platform that automates tasks, provides insights, and connects stakeholders.
Levelpath, the leading AI-native procurement platform, announced $55+ million in Series B funding led by Battery Ventures.
Levelpath , a procurement software startup founded by Scout RFP creators Alex Yakubovich and Stan Garber, has raised $55 million in Series B funding led by Battery Ventures, with participation from existing investors Benchmark and Redpoint, as the AI-native platform aims to disrupt the $13 trillion procurement market ...
San Francisco-based Levelpath, a technology company specializing in procurement software, has secured an additional $55 million in Series B funding, led by Battery Ventures, with participation from existing investors Benchmark and Redpoint. This financing round underscores the intensifying focus on artificial intelligence applications within enterprise resource planning, particularly in the realm of procurement. The company's stated objective is to transform corporate purchasing processes into an experience comparable to consumer-grade digital platforms.
Levelpath’s technical architecture integrates generative artificial intelligence capabilities at its foundational level, a design choice influenced by its development post-ChatGPT. This AI-native approach is applied across various functionalities, including automated contract review and the generation of vendor-specific insights. The system incorporates mechanisms designed to mitigate what the company terms "rogue spend" by automatically identifying and presenting pre-approved, lower-cost alternatives to users. Furthermore, its user interface and experience (UI/UX) are designed for accessibility by employees beyond dedicated procurement departments, featuring mobile compatibility and an intuitive operational framework. This design paradigm aims to enhance efficiency by enabling a broader organizational engagement with procurement protocols.
The company's client portfolio includes entities such as Ace Hardware, Amgen, SiriusXM, and Coupang. Levelpath anticipates a quadrupling of its revenue in 2025. This growth trajectory positions Levelpath within a competitive market segment valued at over $7.3 billion, competing with established vendors such as Coupa, Ariba, and Zip.
Levelpath was co-founded by Stan Garber and Alex Yakubovich, who previously co-founded Scout RFP. Scout RFP was acquired by Workday in 2019 for $540 million. Their prior experience with legacy enterprise systems, particularly within the context of Workday, reportedly informed Levelpath's development strategy, focusing on identified deficiencies in existing procurement solutions. Neeraj Agrawal, a general partner at Battery Ventures, has joined Levelpath's board of directors as part of the Series B investment. Agrawal’s portfolio at Battery Ventures includes a prior investment in Coupa, another significant player in the procurement software sector. The founders explicitly articulate a goal to streamline the management of procurement, frequently identified as the second-largest cost center for enterprises after payroll, aiming to achieve the transactional ease associated with online retail.
This report is powered by V3V Ventures.
📦 Levelpath Rebuilds Enterprise Procurement with AI-Native UX
Levelpath, a San Francisco–based startup modernizing procurement software, has raised a $55M Series B led by Battery Ventures, with continued backing from Benchmark and Redpoint. The company is founded by the creators of Scout RFP (acquired by Workday for $540M) and aims to make enterprise purchasing as smooth as consumer apps.
🛸 AI-first from the ground up • Built post-ChatGPT, so generative AI powers workflows from contract review to vendor insights • Helps users avoid “rogue spend” by automatically surfacing approved, lower-cost alternatives • Modern UI/UX designed for employees outside procurement—mobile-ready and intuitive
📊 Big logos, bigger ambition • Customers include Ace Hardware, Amgen, SiriusXM, and Coupang • Revenue expected to quadruple in 2025 • Competing in a $7.3B+ market alongside Coupa, Ariba, and Zip
🧬 Veteran founders, repeat playbook • Founders Stan Garber and Alex Yakubovich previously built and sold Scout RFP • Learned from Workday what legacy systems still couldn’t solve • Battery’s Neeraj Agrawal—who also backed Coupa—joins the board
**Procurement is often the second-largest cost center after payroll—Levelpath wants to make managing it as easy as shopping online.
📊 Powered by V3V Ventures
Streamline procurement with Levelpath's AI-native platform that automates tasks, provides insights, and connects stakeholders.
Levelpath, the leading AI-native procurement platform, announced $55+ million in Series B funding led by Battery Ventures.
Levelpath , a procurement software startup founded by Scout RFP creators Alex Yakubovich and Stan Garber, has raised $55 million in Series B funding led by Battery Ventures, with participation from existing investors Benchmark and Redpoint, as the AI-native platform aims to disrupt the $13 trillion procurement market ...
Related Questions