Horizons Ventures, a venture capital firm, has led LevelSet’s $12 million Series A round. This investment will enable LevelSet, a construction payment startup, to expand its operations and improve its payment and financial management solutions for contractors and suppliers.
Other investors in the round include S3 Ventures, Altos Ventures, and Operating Venture Capital.
“We are thrilled to have such strong support from our investors as we work to make construction payment stress-free for contractors and suppliers,” said LevelSet CEO, Scott Wolfe. The company has plans to double its staff and invest in product development with the proceeds from this funding round.
Horizons Ventures Invests in LevelSet
Horizons Ventures, the venture capital arm of Li Ka-Shing, recently announced its lead investment in LevelSet’s $12 million Series A round.
The investment is likely to be seen as a vote of confidence in the growing startup, which provides technology solutions to construction industry players.
This marks Horizons Ventures’ first major investment since its formation in 2014 and is a significant milestone for LevelSet.
Levelset New Orleansbased Horizons Venturesshiebertechcrunch
Horizons Ventures is a Hong Kong-based venture capital firm that invests in disruptive technology companies across the globe. One of its recent investments is in LevelSet, a leading provider of cloud-based project management and payment solutions for construction businesses.
Horizons Ventures was the lead investor in LevelSet’s $12 million Series A funding round, which also included participation from other leading venture capital firms.
LevelSet’s technology platform helps contractors and suppliers streamline their payment processes, reduce paperwork, and avoid payment disputes. With the new funding from Horizons Ventures and other investors, LevelSet plans to expand its solution offerings, scale its operations, and grow its customer base.
Horizons Ventures’ investment in LevelSet is part of its broader strategy to support innovative startups and technologies that have the potential to transform industries and improve people’s lives.
New Orleansbased 30m Venturesshiebertechcrunch
LevelSet is a technology platform that simplifies the construction payments process, from invoicing to lien rights management. Recently, Horizons Ventures, a Hong Kong-based venture capital firm, led LevelSet’s Series A funding round that raised $12 million for the company’s further expansion.
Here’s how LevelSet works – it automates the exchange of payment-related documents between construction stakeholders, which improves transparency, reduces errors, and helps resolve payment disputes quickly. The platform also assists contractors and suppliers in filing and managing their lien rights to secure prompt payment.
With the new funding, LevelSet plans to enhance its product offering and expand its business reach. The company also aims to leverage Horizons Ventures’ global network and experience to strengthen its growth strategy.
Levelset new 30m Venturesshiebertechcrunch
LevelSet, the cloud-based platform for the construction payment process, secured $12 million in a Series A funding round led by Horizons Ventures. The round included participation from S3 Ventures, Altos Ventures, and others.
The funding will be used to accelerate the company’s product innovation roadmap and expand the Levelset team to continue serving construction businesses across the US.
According to LevelSet CEO, Scott Wolfe, “The construction payment process is broken for millions of people, and it’s incredibly rewarding to build a product that solves problems for so many. This new funding will allow us to keep growing here in New Orleans and deliver even more value to the construction industry.”
With this funding, LevelSet has raised a total of $17 million in funding.
Future Plans for LevelSet
Horizons Ventures recently led LevelSet’s $12 Million Series A fundraising round. This latest investment gives the company momentum to move forward with its plans to expand LevelSet’s technology and accelerate its growth.
In this article, we will take a closer look at LevelSet’s future plans and discuss how Horizons Ventures’ support will aid in achieving these goals.
New Orleansbased Horizons Venturesshiebertechcrunch
LevelSet, a leading software company, has recently raised $12 Million in a Series A round led by Horizons Ventures. The funding will be used to support the company’s expansion plans.
Here are some of LevelSet’s future plans:
1. Expanding the team: With the new funding, LevelSet plans to hire additional talent to support its growing customer base and expand its product offerings.
2. Developing new products: LevelSet aims to develop new software products to meet the evolving needs of its customers and remain competitive in the market.
3. Targeting new markets: The company plans to target new markets and expand its global footprint to reach more customers and increase its revenue.
LevelSet is gearing up for significant growth in the coming years, and the recent funding round is a crucial step towards making its expansion plans a reality.
New product launches
LevelSet, a construction payment management platform, recently announced a successful $12M Series A funding round led by Horizons Ventures, with participation from investors such as Brick & Mortar Ventures and Fathom Capital.
The funding will be used to develop new products and technology innovations aimed at saving contractors time and money. LevelSet plans to expand its market reach beyond the U.S. and to offer additional features and functionalities to enhance construction payment management.
This significant investment will enable LevelSet to strengthen its presence in the construction industry and deliver innovative solutions that will streamline payment workflows, remove payment barriers, and minimise project delays.
Potential impact on the industry
The $12 Million Series A funding round led by Horizons Ventures is a significant milestone for LevelSet, with the potential to revolutionise the construction industry.
This funding will help LevelSet expand its platform, develop new products, and enhance its customer support.
With LevelSet’s cutting-edge technology, contractors and suppliers can manage their payment processes, resolve disputes, and mitigate legal risks efficiently.
The potential impact on the industry is significant, as LevelSet serves as a game-changer for project participants, ensuring prompt payments and streamlined communication.
This new funding round positions LevelSet to reach even greater heights and continually innovate solutions in the construction industry.
