Levelpath, a San Francisco-based AI-native procurement platform, announced on June 30, 2025, a $55+ million Series B funding round led by Battery Ventures, bringing its total funding to $100 million. The investment, supported by Redpoint Ventures, Benchmark, 01A, New View Capital, and World Innovation Lab, fuels the launch of autonomous AI Agents and accelerates Levelpath’s mission to modernize enterprise procurement, the second-largest business expense after payroll.
Funding: $55M+ Series B led by Battery Ventures, total raised $100M (Seed: $14.5M, Series A: $30M).
Investors: Battery Ventures, Redpoint Ventures, Benchmark, 01A, New View Capital, World Innovation Lab.
Leadership: Neeraj Agrawal (Battery Ventures) joins board, previously led Coupa’s $8B exit.
Technology: Hyperbridge reasoning engine powers AI Agents for sourcing, onboarding, and risk assessments.
Clients: Ace Hardware, Amgen, Coupang, Fortrea, SiriusXM, SSM Health, Western Union.
Market: $7.3B procurement software market in 2023, with Levelpath targeting 4X revenue growth in 2025.
Procurement, a $13 trillion market, remains plagued by outdated systems like Coupa and Ariba, leading to “rogue” spending and inefficiencies. Levelpath’s AI-native platform, powered by its proprietary Hyperbridge reasoning engine, delivers intelligent automation, offering a mobile-first, user-friendly experience. “Procurement touches every part of a business, yet it’s been held back by tools that fight against you,” said CEO Alex Yakubovich.
Founded by Yakubovich and Stan Garber, who sold Scout RFP to Workday for $540M in 2019, Levelpath leverages their expertise to address persistent procurement pain points identified during their Workday tenure. The platform’s integration with Coupa’s App Marketplace and clients like Amgen and SiriusXM highlight its early traction.
Levelpath’s AI Agents, launched with this funding, autonomously handle tasks like sourcing event creation, supplier onboarding, and risk assessments. Unlike legacy solutions, these agents use Hyperbridge to unify data, ensure compliance, and deliver real-time insights, reducing procurement cycle times by up to 60%. “We didn’t retrofit old systems with AI. We reimagined what procurement could be,” said Yakubovich.
The platform’s mobile-first interface and AI-driven workflows address the 60% of business leaders who cite transparency issues as a procurement risk, per a 2020 Harvard Business Review study. By streamlining approvals and flagging redundancies, Levelpath saves up to 60% of budgets, as noted in recent reports.
The $55M+ will accelerate product development, expand the go-to-market team, and deepen integrations like Coupa’s App Marketplace. Battery Ventures’ Neeraj Agrawal, a Forbes Midas List veteran, joins the board, bringing experience from Coupa’s $8B acquisition. “Levelpath represents the future of enterprise procurement: intelligent, automated, and strategically aligned,” said Agrawal.
Levelpath’s 80 employees and $15M annual revenue as of June 2025 reflect its rapid growth. Competing with Zip ($2.2B valuation) and Oro Labs, Levelpath’s AI-native design and founder track record position it to disrupt the $7.3B procurement software market.
Posts on X reflect excitement, with users calling Levelpath a “compelling new force” and predicting it will “revolutionize procurement.” The company’s AI Masterclass webinar series further engages leaders, showcasing practical AI applications. With procurement modernization a priority—31% of retailers and 42% of manufacturers are investing, per PYMNTS—Levelpath is poised for significant impact.
Levelpath’s $55M+ Series B, backed by proven investors and powered by innovative AI Agents, solidifies its path to redefine enterprise procurement, delivering efficiency, transparency, and ROI at scale.
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.
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