Levelpath, a San Francisco-based startup that offers a SaaS platform for procurement and supply chain management, has secured $30 million in a Series A round led by Redpoint. The funding comes after a stealthy $14.5 million seed round, bringing the total raised by the company to $44.5 million.
The company, founded by Stan Garber and Alex Yakubovich, aims to modernize the procurement process for enterprises with a mobile-friendly interface, AI-driven insights, and customized workflows. Levelpath helps customers reduce costs and optimize services by finding and eliminating vendor overlaps and providing alternative solutions.
Levelpath plans to use the new capital to grow its team, enhance its product, and expand its market reach in 2024. The company boasts dozens of enterprise clients, such as Ace Hardware, Qualtrics, and Innovacare.