Level

Level

Flexible employee benefits and credit solutions

About Level

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

Industries

Consulting

Fintech

Company Size

201-500

Company Stage

Series A

Total Funding

$30M

Headquarters

New York City, New York

Founded

2018

Overview

Level provides flexible employee benefits solutions aimed at enhancing employee satisfaction and retention for businesses. The company offers commercial credit cards and various benefit options, such as appreciation funds, education funds, and medical travel benefits, allowing employees to use their funds in ways that suit their needs. For example, appreciation funds can be spent on team-building activities, while education funds support professional development without upfront costs. Level partners with employers, who pay for these tailored solutions, enabling them to offer attractive benefits at a lower cost. The commercial credit cards, issued by Celtic Bank, simplify access and management of these benefits, creating a user-friendly experience. Level's goal is to transform the employee benefits landscape by providing modern, user-centric solutions that empower employees and deliver value to employers.

YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • Rising demand for flexible work benefits positions Level for growth and innovation.
  • Integration of digital wallets enhances user experience and platform appeal.
  • Personalized benefits packages attract diverse employee demographics, boosting client satisfaction.

What critics are saying

  • Increased competition from fintech firms may erode Level's market share.
  • Reliance on Celtic Bank for credit cards poses potential regulatory risks.
  • Data privacy concerns could harm Level's reputation if not properly managed.

What makes Level unique

  • Level offers flexible, user-friendly employee benefits solutions tailored to individual needs.
  • Their commercial credit cards simplify benefit access and management for employees.
  • Level's focus on mental health benefits aligns with growing workplace wellness trends.

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Funding

Total Funding

$30M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$27M
Level
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

-16%

1 year growth

-14%

2 year growth

-1%
Weed Street 420
Mar 13th, 2024
TILT Holdings Announces New Brand Partnership with LEVEL to Bring Their Cannabis Tablets to Pennsylvania

"Partnering with LEVEL to bring their products to market in Pennsylvania expands TILT's offerings in a meaningful way for medical patients.

PRLog
Jan 12th, 2024
Platinum-Level Office Chair Expands Availability With Increased Inventory, And Warehouse Space

Media ContactDerek Clay, Communication DirectorPlatinum-Level Office Chairs***@platinum- level.com1-888-786-0102 Derek Clay, Communication DirectorPlatinum-Level Office Chairs1-888-786-0102End-- Platinum-Level Office Chairs a, leading provider of premium office furniture, is thrilled to announce a significant expansion of its platinum-level office chair offerings. Fueled by surging demand and a commitment to exceptional customer service, the company has implemented impactful changes to improve accessibility and delivery timelines.To meet the growing demand for its luxurious and ergonomically designed platinum-level office chairs, the retailer has significantly increased its inventory across all models. Additionally, the company has strategically added new warehouses nationwide, optimizing logistical efficiency and reducing delivery times for customers across the country. This translates to faster processing and shorter wait times, ensuring a seamless purchasing experience.Platinum-Level Office Chairs is excited to unveil its expanded online presence, now offering its popular platinum-level office chairs on a wider range of e-commerce platforms. Customers can now conveniently shop for their desired chairs on Amazon, Walmart, eBay, Google Shopping, Bonanza, as well as other marketplaces in addition to the company's website. This increased accessibility opens up new avenues for customers to discover the comfort and productivity-enhancing features of our platinum-level chairs."Quote from a company spokesperson highlighting the importance of increased inventory and expanded reach in meeting customer needs.""Quote from a satisfied customer praising the comfort and quality of your platinum-level chairs and the convenience of the new online options."Platinum-Level Office Chairs is a leading provider of high-quality office chairs, specializing in ergonomic and executive chairs designed to maximize comfort, productivity, and well-being in the workplace

The Web Magazine
Nov 7th, 2023
New York Citybased 21M Series Lightspeedwiggerstechcrunch

Level, a dynamic insurtech startup, has raised a substantial $27 million in funding from prominent investors Khosla Ventures and Lightspeed Venture Partners.

BollyInside
Sep 22nd, 2023
IAG's Level to Launch Miami-Barcelona Summer 2024 Flights with Airbus A330-200 Aircraft

Level, part of International Airlines Group (IAG), will launch Miami-Barcelona service for the summer 2024 season.

Level
Sep 7th, 2023
Closing the mental health access gap: two alternative solutions to Level Up your mental health benefits

That's why Level has introduced two new products to provide employees with greater access to one-on-one mental health therapy: The Mental Health HRA (Health Reimbursement Arrangement) and the Mental Health MAP (Maximum Access Plan).

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