New Orleans Startup Levelset Lands $30M Series C Funding Round to Jumpstart Growth
Levelset, a New Orleans-based SaaS platform that helps relieve cash flow issues for contractors by getting them paid more quickly, has announced a $30 million Series C round of funding led by Horizons Ventures.
S3 Ventures, Altos Ventures, Operating Venture Capital, as well as Michael Gollner and Darren Bechtel of Brick & Mortar Ventures, also participated. As a result of this funding round, Levelset has raised $47 million to date.
Levelset aims to simplify and solve payment problems associated with construction business operations and processes — and associated stressors — by using products and industry partnerships that help contractors. The company’s software and free resource library, which includes a roster of payment and legal experts, offers data-driven payment insights. It also facilitates the generation and exchange of paperwork and monitors relationships and projects, identifying potentially problematic behaviors.
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