Lev Completes Series A Fundraising Round
Lev, an online commercial real estate financing transaction platform, completed a Series A round of $30 million, led by Greenspring, with participation from First American Financial. The round was joined by existing investors in Lev, including NFX, Canaan Partners, JLL Spark, Animo Ventures and Ludlow Ventures.
“CRE is a massive space, with an addressable market of more than $40 billion for CRE financing alone, yet the industry has been entrenched in an outdated workflow, slow to take advantage of technology to help put their customers first,” said Yaakov Zar, founder and CEO of Lev. “We hope to change that by reimagining the entire experience.”
The funds raised will primarily be used to expand Lev’s team in its Downtown Manhattan headquarters, Miami R&D center and Los Angeles outpost, as well as through remote positions. Continued investments will be made in product development and to expand Lev’s services.
- ◦Financing