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§ Private Profile · San Francisco, CA, USA
Levelpath is a technology company.
Levelpath delivers an AI-native procurement platform, unifying intake, strategic sourcing, contracts, and invoice automation through integrated AI agents. This comprehensive solution streamlines enterprise purchasing, enhancing efficiency and control over indirect spend. The platform's technical approach focuses on leveraging artificial intelligence to simplify complex workflows across the entire procurement lifecycle.
Alex Yakubovich and Stan Garber founded Levelpath in 2022. Building on their experience as co-founders of Scout RFP, they recognized the need to construct a new procurement solution. Their insight was to completely rebuild a platform from the ground up, specifically designed to harness the power of artificial intelligence for modern enterprise demands.
Levelpath serves large enterprise organizations seeking to modernize and optimize their procurement processes. The platform helps these clients achieve greater efficiency in spend management and supplier relationships. The company envisions transforming how global enterprises manage indirect spend, delivering an intelligent, delightful procurement experience through advanced AI capabilities.
Levelpath has raised $100.0M across 3 funding rounds.
Levelpath has raised $100.0M in total across 3 funding rounds.
Levelpath has raised $100.0M across 3 funding rounds. Most recently, it raised $55.0M Series B in June 2025.
Levelpath has raised $100.0M in total across 3 funding rounds.
Levelpath's investors include Battery Ventures, Adapt Ventures, AirAngels, Alumni Ventures, Authentic Ventures, Benchmark, BoxGroup, Browder Capital, Capital Factory, CapitalX, Fifth Wall, Foundation Capital.
Levelpath is an AI-native procurement platform that automates and streamlines enterprise procurement processes, including onboarding, project tracking, contract management, sourcing, and supplier data management.[1][2][4] It serves stakeholders in finance, legal, risk, compliance, and privacy sectors by unifying workflows, data, people, and devices through advanced AI, reducing procurement cycle times by up to 60% via integrations like Coupa App Marketplace.[1] Key components include Pathfinder, an intuitive interface for complex workflows, and the Hyperbridge reasoning engine, which processes data from vast sources for real-time visibility and decision-making.[1][2] Backed by investors like Benchmark, Redpoint Ventures, Menlo Ventures, NewView Capital, World Innovation Lab, and Battery Ventures, Levelpath shows strong growth momentum since its 2022 founding in San Francisco.[1][3]
Levelpath was founded in 2022 in San Francisco by Alex Yakubovich and Stan Garber, co-founders of Scout RFP, a prior procurement success acquired by Workday.[2] Drawing from their experience tackling procurement inefficiencies, they built Levelpath as an AI-native solution from the ground up to handle modern business complexity, eliminating clunky systems and manual processes.[2] Early traction includes certification as a Coupa App Marketplace solution and investments from top-tier VCs, signaling rapid validation in the enterprise procurement space.[1][3]
Levelpath rides the AI transformation in enterprise procurement, addressing indirect spend management amid rising demands for efficiency in global supply chains.[1][3] Timing aligns with AI adoption in B2B operations, where legacy systems falter against real-time data needs, amplified by post-pandemic supply disruptions and economic pressures for cost control.[1][2] Market forces like AI reasoning engines and agentic workflows favor Levelpath, positioning it to influence the ecosystem by setting standards for unified procurement platforms and partnering with giants like Coupa.[1][4]
Levelpath is poised to dominate AI-driven procurement with expanding AI agents and deeper integrations, targeting larger enterprises hungry for automation.[1][4] Trends like multimodal AI and autonomous sourcing will accelerate its growth, potentially challenging incumbents through superior speed and insights.[1] Its influence may evolve by redefining supplier ecosystems, much like its founders did with Scout RFP—scaling from efficiency gains to strategic procurement powerhouses.[2] This positions Levelpath as a cornerstone in AI-native enterprise software.