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Levelpath

Levelpath

Mobile-first enterprise procurement platform

About

Levelpath is a next-gen procurement platform that simplifies and streamlines procurement processes for enterprises, utilizing a mobile-first approach to enhance user experience and provide clear visibility and collaboration on all procurement activities.

Company Stage

Series A

Employees

11-50

Industries

Data & Analytics, Consulting, Enterprise Software

Total Funding

$44.5M

Headquarters

N/A

Founded

2022


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Simplify's Take

What believers are saying

  • Levelpath's AI-powered platform promises substantial productivity gains and cost savings, making it an attractive option for companies looking to optimize supplier management.
  • The recent $44.5M funding round from prominent investors like Benchmark and Redpoint Ventures provides strong financial backing and growth potential.
  • The launch of a mobile-first procurement platform aims to make the procurement experience more user-friendly and accessible, potentially increasing user adoption and satisfaction.

What critics are saying

  • The competitive landscape in procurement technology is intensifying, with new entrants like Pivot aiming to simplify spend management.
  • Integrating complex AI systems like Hyperbridge may pose technical challenges and require significant resources, potentially delaying product rollouts.

What makes Levelpath unique

  • Levelpath's proprietary Hyperbridge AI engine uniquely integrates data from various enterprise sources to optimize procurement workflows, unlike traditional procurement solutions.
  • The company's focus on AI-driven procurement and contextual intelligence sets it apart from competitors who rely on more manual or less integrated systems.
  • Levelpath's leadership team, with a proven track record from Scout RFP, brings deep expertise and credibility in revolutionizing procurement processes.

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Growth & Insights
Headcount

6 month growth

20%

1 year growth

115%

2 year growth

134%

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