Lev

Lev

Digital platform for commercial real estate financing

About Lev

Simplify's Rating
Why Lev is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Fintech

Real Estate

Company Size

51-200

Company Stage

Series B

Total Funding

$111.7M

Headquarters

New York City, New York

Founded

2019

Overview

Lev Capital provides a digital platform that connects borrowers and lenders in the commercial real estate financing sector. The platform streamlines the debt financing process by matching users with the right lenders, which speeds up transactions and improves outcomes. It also offers tools for managing lender relationships and provides market insights, making it a comprehensive solution for users. Lev Capital generates revenue through transaction fees and premium services.

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Simplify's Take

What believers are saying

  • Lev's AI-powered tools streamline CRE acquisition and financing processes.
  • Lev has raised over $200 million, supporting its growth and innovation.
  • Lev's platform has closed over $2 billion in debt financing, proving its effectiveness.

What critics are saying

  • Increased competition from new entrants like Rove could impact Lev's market share.
  • Rapid expansion of AI tools may lead to integration challenges.
  • Dependence on significant funding rounds may pressure Lev to deliver high returns quickly.

What makes Lev unique

  • Lev's platform digitizes CRE transactions, enhancing speed and certainty of execution.
  • Lev connects borrowers with lenders, optimizing debt financing outcomes.
  • Lev's AI-powered tools offer market insights and relationship management for CRE businesses.

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Funding

Total Funding

$111.7M

Above

Industry Average

Funded Over

5 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$70M
Lev
$100M
ClickUp

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

Headcount

6 month growth

12%

1 year growth

5%

2 year growth

0%
PR Newswire
Jun 4th, 2024
Lev Expands Suite Of Cre Services With Launch Of Ai-Powered Pipeline Management Tool

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

Short Term Rentalz
Jan 3rd, 2023
Rove launches property marketplace to set standard for remote workers

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.

PR Newswire
Jul 28th, 2022
Cross River invests into Lev in $200M funding

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.

Bizjournals
May 27th, 2022
Lev Capital received financing of $70M in Series B round on May 7th 22'.

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.

Grit Daily
May 6th, 2022
Lev Capital receives financing of $100M in debt financing

Additionally, Lev has secured $100 million in debt financing from Cross River’s Strategic Direct Lending Group.

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