New York & Tri-State + Finance | March 24, 2021

Online Financing Platform Lev Completes $10M Seed Round

Lev, the SoHo-based online commercial real estate financing transaction platform, completed a $10-million seed round. The seed investment was led by Pete Flint from NFX.

Other investors included Caanan Partners, and JLL Spark, the strategic investment arm of JLL. Previous lead investors Animo Ventures and Ludlow Ventures also participated. 

Yaakov Zar, CEO of Lev said, “We’re excited that 2020 turned out to be a fruitful year for Lev and that we’ve been able to win customers and partnerships because of our innovative technology and top-notch execution. Now, we have the resources and team we need to leverage the industry’s recovery as a powerful engine of further growth.”

Flint, general partner at NFX, said, “As so many transactions move online, we believe there is a huge opportunity to evolve the commercial real estate transaction. “The team at Lev have proven that they have the vision and skills to drive this change.”

Connect

Inside The Story

Connect With Lev

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).