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About Lev
Industries
Fintech
Real Estate
Company Size
51-200
Company Stage
Series B
Total Funding
$214.8M
Headquarters
New York City, New York
Founded
2019
Overview
Lev Capital operates in the commercial real estate financing sector by providing a digital platform that connects borrowers with lenders. This platform simplifies the debt financing process by matching users with the most suitable lenders, which speeds up transactions and improves outcomes for both parties. Clients include borrowers seeking loans and lenders looking to finance projects. Lev's platform not only facilitates transactions but also offers tools for managing lender relationships and provides market insights through interactive dashboards. This comprehensive approach sets Lev apart from competitors by enhancing user experience and increasing the certainty of execution in financing deals. The company's goal is to streamline the debt financing process and support the growth of commercial real estate businesses.
Simplify's Take
What believers are saying
- Lev has raised over $200 million, indicating strong investor confidence and financial stability.
- Lev's platform has closed over $2 billion in debt financing, showcasing its effectiveness.
- Lev's rapid transaction completion, as seen in the 1031 Exchange Sale, highlights its competitive advantage.
What critics are saying
- Emerging competitors like Rove could threaten Lev's market share in the digital CRE space.
- Technological advancements in fintech require Lev to continuously innovate, straining resources.
- Over-reliance on key investors like Cross River poses financial risks if support is withdrawn.
What makes Lev unique
- Lev's platform digitizes CRE transactions, enhancing speed and efficiency for borrowers and lenders.
- Lev offers interactive dashboards providing market insights, aiding in informed decision-making.
- Lev's platform facilitates relationship building between lenders and borrowers, ensuring better transaction outcomes.
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Funding
Total Funding
$214.8M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
Benefits
Opportunity to own your career
Unlimited PTO
Rich insurance plan coverage for employees and their dependents
Support in giving back to community through Daffy
For those who work in the office - a positive vibe and healthy food
Support for your overall wellness through different tools
Opportunity to work with really nice and smart people
Growth & Insights and Company News
6 month growth
↑ 12%1 year growth
↑ 5%2 year growth
↓ -1%New tool integrated within the company's rapidly expanding digital financing platformNEW YORK, June 4, 2024 /PRNewswire/ -- Lev, the digital financing platform for commercial real estate, today announced the launch of Lev Pipeline Management, a powerful tool that allows sponsors to more easily track and manage potential acquisition targets. The new product is designed to replace spreadsheets or expensive software solutions and is available for free as part of Lev's AI-powered operating system for CRE.Through the new tool, sponsors can add details of properties they are evaluating, including supporting documents, key contacts, dates, and internal notes. The pipeline can then be shared seamlessly across acquisition teams allowing for more effective and streamlined collaboration.Once a signed LOI or PSA has been received, sponsors can convert the pipeline property into a financing transaction in one click and then take advantage of Lev's interactive loan sizing tool, lender matching and automated material creation and deal management workflows.Pipeline Management is the latest in a suite of AI-powered products to be added to Lev's digital financing platform. Other recent releases include the market leading CRM for capital markets, and real-time data products including the largest feed of market terms available"Over the past year, many customers and capital markets teams have asked us to expand our easy-to-use, integrated AI products to additional parts of their workflow," commented Yaakov Zar, founder and CEO of Lev. "We heard their feedback and we are excited to bring the power of our platform to acquisition teams and beyond."Since Lev officially launched its digital financing platform a year ago, hundreds of sponsors have launched over a billion dollars of transactions to lenders through the platform. For more information on Lev's digital solutions, visit www.lev.co.Lev is a digital platform for commercial real estate financing
To date, Rove has secured $4 million in seed funding from a group of Silicon Valley company founders and executives, including Applovin, Zocdoc, Mercury, Indiegogo, Lattice, BloomTech and Lev.
Founded in 2019, Lev has raised over $200 million in funding from Parker89, Cross River Digital Ventures, NFX, StepStone Group, Canaan Partners, JLL Spark, Animo Ventures and Ludlow Ventures, among others.
Digital commercial real estate transaction platform Lev has closed a $70 million Series B round led by Parker89 and Cross River Digital Ventures with participation from Animo Ventures, Canaan Partners, Capital One, Citi Ventures, JLL Spark, NFX and StepStone Group.
Additionally, Lev has secured $100 million in debt financing from Cross River’s Strategic Direct Lending Group.
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About Lev
Industries
Fintech
Real Estate
Company Size
51-200
Company Stage
Series B
Total Funding
$214.8M
Headquarters
New York City, New York
Founded
2019
There are no jobs for Lev right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Lev