New Orleans-based construction payment solutions provider, LevelSet, has raised $30 million from Accel Partners led by Shieber. The company plans to use the funds to expand its operations, add more features to its products, and introduce new products in the market.
LevelSet provides a secure platform that connects all stakeholders in the construction payment process, including contractors, suppliers, and property owners. The platform is designed to simplify the payment process, make it more transparent, and reduce conflicts.
With the new investment, LevelSet plans to reach more customers across the US, expand its team, and continue innovating to provide better solutions for the construction industry. The company is set to revolutionise the way payments are made in the construction industry and help more contractors get paid faster for their work.
Overview of LevelSet
LevelSet is a New Orleans-based software platform that helps contractors manage their insurance certificates and streamline their bond management process. The company recently raised $30 million in funding led by Shieber-led Accel Partners. This funding round will enable LevelSet to further expand its market presence and develop new feature sets.
In this article, we’ll take a look at an overview of LevelSet, what it does, and who’s behind it.
Levelset New Orleansbased 30m Venturesshiebertechcrunch
LevelSet is a software company based in New Orleans that provides payment and finance management solutions for contractors and construction professionals. The company has recently announced raising $30M from Accel Partners, a prominent venture capital firm led by Shieber, to expand its services nationwide.
LevelSet’s mission is to empower contractors to get paid faster and more efficiently through their online platform. They offer a range of services to help contractors manage their finances, including online payment processing, lien rights management, and collections management. With their easy-to-use software and dedicated customer support team, LevelSet is helping contractors across the country streamline their payment processes and grow their businesses.
Levelset Orleansbased 30m Horizons Venturesshiebertechcrunch
LevelSet is a New Orleans-based company that provides payment solutions to the construction industry. The company streamlines the payment process for contractors and suppliers by managing lien waivers, payment paperwork, and compliance requirements.
Recently, LevelSet raised $30M in funding from Accel Partners, led by Jake Shieber. The company plans to use the new funding to expand its software capabilities and grow its team.
With over $100 billion dollars in payments processed through its platform, LevelSet aims to continue making the payment process easier and more efficient for those in the construction industry.
New Orleansbased 30m Horizons Venturesshiebertechcrunch
LevelSet is a New Orleans-based company that provides payment solutions and payment-related services for the construction industry. It has recently raised $30 million in a funding round led by Accel Partners.
LevelSet’s products and services help contractors, material suppliers, and other stakeholders in the construction industry manage their payment processes more efficiently, reduce payment disputes, and improve cash flow. Its software platform, LevelSet, offers features such as online line waivers, notices, and other payment-related documents, as well as analytics tools to help users track their payment processes and receive payments faster.
Overall, LevelSet’s solutions aim to help the construction industry overcome payment-related challenges and streamline payment processes for all parties involved.
Funding Announcement
New Orleans-based LevelSet, a software platform for the construction industry, announced today that it has raised $30M in a Series B funding round led by Accel Partners and Managing Partner Rich Shieber. This latest investment brings the company’s total funding to $40M.
The funding will be used to further expand LevelSet’s services, increase its customer base and accelerate its growth into the national market.
Levelset new 30m Horizons Venturesshiebertechcrunch
LevelSet, a New Orleans-based construction payment software company, has recently announced that it has raised $30M in a recent funding round led by Accel Partners, with participation from the company’s existing investors, Horizons Ventures, and S3 Ventures.
The company intends to use this funding to expand its product offerings and further invest in its customer support and sales team.
LevelSet’s software eases the cash flow burden for businesses in the construction industry by helping them manage and automate their payment processes, reduce paperwork, and monitor deadlines.
The CEO of LevelSet, Scott Wolfe, said that the company is thrilled to be partnering with Accel Partners and that this investment will allow them to continue their mission to make the payment process easier for everyone involved in the construction industry.
Levelset New Horizons Venturesshiebertechcrunch
LevelSet, a New Orleans-based construction payment software company, has recently announced that it has raised $30 million in funding from Accel Partners, led by Arun Mathew and Jake Levine.
This new infusion of cash will be used to expand their product development, sales and marketing teams, and to fuel their overall growth strategy.
The funding will allow LevelSet to continue to revolutionise the construction payment process by providing their customers with innovative software solutions to make their business operations more efficient and profitable. This investment by Accel Partners underscores the potential of LevelSet’s technology, and the company’s dedication to helping contractors and construction businesses thrive.
Levelset New Orleansbased Venturesshiebertechcrunch
LevelSet, a New Orleans-based construction payment software company, has raised a $30 million Series C funding round led by Accel Partners. The funding will help LevelSet to expand its mission of empowering contractors to always get what they’ve earned on every project, and strengthen its market position.
This funding will allow LevelSet to increase its hiring and expand its product offerings to better serve customers in the construction industry. It will also help the company to develop new features that will help contractors work faster, more efficiently, and with greater transparency.
With Accel Partners as lead investor, LevelSet is set on a path of continued growth, and the construction industry can expect to benefit from its innovative solutions for years to come.
Accel Partners
On April 21, 2021, New Orleans-based LevelSet, a leading Construction Payment Management platform, announced that it has raised $30M from Shieber-led Accel Partners. Accel is one of the world’s top venture capital firms and is known for its investments in disruptive technology companies like Facebook, Dropbox, and Slack.
This investment will help LevelSet to fuel its growth and accelerate the development of its platform. Let’s take a deeper look at the investment and what this means for LevelSet.
Introduction to Accel Partners
Accel Partners is a venture capital firm based in Palo Alto, California that invests in early-stage startups across various industries, including technology, healthcare, and consumer goods. Since its inception in 1983, Accel has invested in some of the world’s most successful high-growth companies, such as Facebook, Slack, and Dropbox. The firm typically invests between $1 million to $100 million in its portfolio companies and focuses on helping these companies achieve scale and profitability.
Recently, New Orleans-based LevelSet, a construction payment and financial management software company, raised $30 million in a funding round led by Accel Partners. The funding will be used to further develop the LevelSet platform and expand its customer base. This investment is a testament to Accel’s interest in supporting innovative and disruptive companies, particularly those that are creating solutions for emerging markets.
Details of the investment made in LevelSet
New Orleans-based construction payment management firm, LevelSet, has raised $30 million in funding in a round led by Accel Partners, with participation from LevelSet’s existing investors, Horizons Ventures and S3 Ventures.
This investment will help LevelSet expand its footprint across the United States and increase its hiring efforts.
In addition, LevelSet plans to leverage this funding to develop new products and services that will benefit its customers, contractors, and suppliers in the construction industry. This includes improving its payment management software, providing better analytics and insights, and streamlining the payment process for all parties involved.
Overall, this funding round is a significant milestone for LevelSet and its mission to help construction businesses get paid faster and more efficiently.
Analysis of the decision to invest in LevelSet
New Orleans-based LevelSet has recently raised $30M from Accel Partners, led by Kevin Shieber. Let’s analyse the decision of investing in LevelSet.
LevelSet has developed a payment management platform, designed to help contractors get paid faster and easier. The platform, which streamlines the entire payment process, has proven to be a game-changer in the construction industry, a sector notorious for slow and complicated payment processes.
Accel Partners, known for its investments in successful startups like Dropbox and Facebook, has a reputation for identifying and backing companies with a high potential for success. By investing in LevelSet, Accel recognizes the company’s innovative approach and potential to shape the future of the construction industry, as well as the growing demand for digital solutions in the business world.
The decision to invest in LevelSet presents an opportunity for significant returns for Accel and its investors, while also supporting a company that provides solutions to a widespread problem in the construction industry. Proven success and high potential for growth make LevelSet an appealing investment for Accel Partners.
Future Plans for LevelSet
New Orleans-based LevelSet recently announced that it had raised $30M from Shieber-led Accel Partners. This infusion of capital will help the company to continue its pursuit of simplifying the payments process for the construction industry.
Now that LevelSet has secured the funding, let’s take a look at the future plans for the company and how it will use this capital to further improve its services.
Overview of LevelSet’s plans for growth
New Orleans-based construction payment solutions provider, LevelSet, has raised $30 million in a series C funding round led by Accel Partners. The funds will be used to further the company’s mission of making the payment process easier and more efficient for companies in the construction industry.
LevelSet’s plans for growth include expanding its offerings to include more value-added services, such as lien rights management and credit management.
Additionally, the company plans to continue building strong relationships with banks and other financial institutions to better serve its customers.
LevelSet aims to continue being a leader in the construction payments industry by prioritising customer satisfaction and providing innovative solutions to common payment problems.
Analysis of the impact of the investment on LevelSet’s growth
The recent $30M investment from Shieber-led Accel Partners is expected to have a significant impact on LevelSet’s growth trajectory. The company will likely use the funding to develop new products, expand its team, and scale its operations.
With this injection of capital, LevelSet will be able to invest in research and development to improve its platform and offer additional services to customers. Additionally, the company will be able to hire top talent to take on new and innovative projects, further expanding its capabilities and reach.
This investment is a testament to the potential of LevelSet and its market opportunity. It is expected to bring substantial growth and development to the New Orleans-based company, positioning it as a significant player in the accounting and payment automation industry.
Pro Tip: As an investor, it’s important to conduct thorough research on a company and its potential before making a significant investment decision.
Discussion of potential challenges and opportunities for LevelSet
LevelSet, a New Orleans-based payment technology firm, recently raised $30 million from Accel Partners to expand its payment solutions for the construction industry. As the company looks towards the future, there are both potential challenges and opportunities to consider.
Challenges:
One potential challenge is the highly competitive nature of the payment technology industry. LevelSet will need to continue to innovate and differentiate itself from other companies to succeed.
Another challenge is the complex and decentralised nature of the construction industry. LevelSet will need to navigate the unique needs and requirements of different stakeholders, such as contractors, suppliers, and project owners.
Opportunities:
The construction industry represents a massive opportunity for payment technology firms like LevelSet. The industry is currently ripe for modernization and digital transformation, as many processes are still done manually.
LevelSet is well-positioned to capitalise on this opportunity, with its suite of payment solutions, including the ability to streamline lien rights management and facilitate digital payments.
With the recent funding influx, LevelSet is poised for growth and success in the years to come.
Pro tip: Keeping up with the latest trends and technologies in the construction industry will be key for LevelSet’s continued success.
