Levelpath Raises $55+ Million to Reimagine Enterprise Procurement, led by Battery Ventures

Business Wire

2 days ago

SAN FRANCISCO--(BUSINESS WIRE)-- Levelpath, the leading AI-native procurement platform, today announced $55+ million in Series B funding led by Battery Ventures, bringing the total raised to $100 million. The new capital accelerates Levelpath's mission to reinvent how global enterprises manage procurement, typically the second-largest operational expense after payroll.
Other investors participated in the funding round as well, including Redpoint Ventures, Benchmark, 01A, New View Capital and World Innovation Lab. As part of the funding, Battery Ventures General Partner Neeraj Agrawal will join Levelpath's board of directors alongside representatives from existing investors.
Agrawal, who has made multiple appearances on the Forbes Midas List and coined the "T2D3" growth paradigm for SaaS businesses, previously led Battery's investment in Coupa, a leading spend management platform that went public in 2016 and was acquired for approximately $8 billion in 2023.
"Levelpath represents the future of enterprise procurement: intelligent, automated, and strategically aligned with business objectives," said Agrawal. "The team has built remarkable technology that delivers demonstrable value to some of the world's largest companies. We are excited to partner with them as they scale to become the definitive procurement platform for global enterprises."
Solving the $13 Trillion Procurement Challenge
Procurement is the second-largest business expense after payroll, yet it remains one of the least modernized functions in the enterprise. With Levelpath's proprietary Hyperbridge reasoning engine at its core, the platform delivers intelligent automation through true AI-native design, unlocking capabilities that legacy solutions built before 2022 are architecturally challenged to efficiently support.
For decades, procurement has been trapped by systems designed for yesterday's problems. Complex interfaces. Endless workflows. Frustrated users. Levelpath changes everything with the first truly AI-native procurement platform built from the ground up for the modern enterprise.
"Procurement touches every part of a business, yet it's been held back by tools that fight against you instead of working with you," said Alex Yakubovich, Co-founder and CEO of Levelpath. "We didn't retrofit old systems with AI. We reimagined what procurement could be when intelligence is built into every interaction."
Since launching its flagship platform after raising $44.5 million across Benchmark-led Seed and Redpoint-led Series A rounds, Levelpath has built momentum as the 'next chapter' of procurement modernization, offering a sleek, AI‑native experience that delivers speed, transparency and ROI at scale.
Fueling Rapid Growth and Market Expansion
With Levelpath's AI Agents, procurement teams do not just keep up with the AI wave, they lead it.
Levelpath's AI Agents are ushering in a new era of intelligent procurement with autonomous, strategic AI capabilities embedded directly into the platform. The AI Agents are enriched with supplier-centric context and designed to connect insights across critical processes.
At their core, Levelpath's AI Agents are designed to act autonomously and proactively on behalf of users, solving real procurement challenges such as sourcing event creation, supplier onboarding, and risk assessments to drive exponential productivity. These AI Agents do not simply support rigid and fragile task automation; they deliver smarter workflows, faster deployment, and predictable outcomes from day one. With preconfigured agents available out of the box, teams can immediately benefit from enhanced decision-making and operational efficiency without the need for complex IT support.
Powered by Hyperbridge, Levelpath's AI-native architecture, these AI Agents unify model grounding, context management, and orchestration while ensuring secure, compliant data handling. By identifying the relevant business context, routing queries to the most suitable large language models, and tailoring outputs to specific organizational needs, Levelpath empowers procurement teams to achieve greater efficiency and impact, with fewer resources. This foundation enables organizations to benefit from rapid AI innovation without the need for constant due diligence on the models or integrations themselves.
With the launch of Levelpath's AI Agents, the company is doubling down on its core mission: to modernize one of the most critical and overlooked business functions with technology that is both intelligent and delightful. As enterprises face mounting pressure to streamline procurement AI-native tools like Levelpath Agents are poised to become essential infrastructure.
Levelpath will use the new funding to accelerate product development, scale its go-to-market team and deepen ecosystem partnerships, all in service of meeting growing enterprise demand for AI-native procurement. With strong early traction and strategic integrations like its placement in Coupa's App Marketplace, Levelpath is well-positioned to make delightful, intelligent procurement the new enterprise standard.
"AI is transforming how enterprises operate, and procurement is no exception," said Stan Garber, Co-founder and President of Levelpath. "We're not just building procurement tools, we're building the intelligent infrastructure that turns procurement into a competitive edge that will radically accelerate productivity at scale."
Levelpath is now offering a monthly AI Masterclass webinar series to help leaders scale their impact, streamline operations, and accelerate their careers. Follow along to see how to operationalize AI across your business and power real-world procurement workflows.
To learn more about Levelpath's AI-native procurement platform, visit Levelpath.com.
About Levelpath
Levelpath is the leading AI-native procurement platform transforming how global enterprises manage indirect spend. Built from the ground up for the AI era, our platform unifies procurement operations through intelligent automation, featuring an intuitive stakeholder interface, advanced workflow orchestration, and our proprietary Hyperbridge reasoning engine that delivers real-time intelligence and complete visibility across all procurement activities. Trusted by leading Fortune enterprises worldwide, including Ace Hardware, Amgen, Coupang, Fortrea, GATX, SiriusXM, SSM Health, and Western Union, Levelpath's AI-native architecture enables organizations to collaborate smarter, operate faster, and scale procurement operations that drive measurable business value.
Headquartered in San Francisco, Levelpath is backed by Battery, Benchmark, Redpoint Ventures, 01A, Menlo Ventures, NewView Capital, and World Innovation Lab. Learn more at levelpath.com or connect with us on LinkedIn.