The funding helps Lev Capital's valuation hit the $130M mark. Here are the top-line bullets you need to know.
Lev, a real estate financing platform, has raised $30M in a Series A with participation from Greenspring Associates, JLL Spark, NFX, and Canaan Partners, among others.
How’s the company performing?
- New York-based Lev Capital is a real estate financing software platform provider that helps commercial real estate investors and owners obtain financing for homes and other properties. It uses machine learning technology to assist them in better analyzing their portfolios, choosing the appropriate lender for each transaction, and closing deals.
- Its operational volume increased tenfold in the last year, with approximately $100M in loans closed in 2020. In 2021, the company plans to close deals worth more than $1B.
- It is backed by a team of 40 employees.
Source: Lev Capital
Why does the market matter?
- The global real estate software market is projected to grow at a CAGR of 5.7% and reach a value of $20.6B, according to Industry Arc.
- Reduced fees, investors’ access to affordable, high-quality real estate, and technological advancements, all are some of the primary factors that have contributed towards drivers of the industry’s growth.
