Lev Raises $10 Million Seed Round to Build the Future of Commercial Real Estate Transactions
NEW YORK, March 23, 2021 / PRNewswire / – Lev, the leading online transaction platform for commercial real estate finance, announced a $ 10 million Seed round. Using a combination of machine learning, custom software and commercial real estate expertise, Lev helps commercial real estate investors build and close the perfect capital pile for every transaction. By trusting Lev as a capital market partner, investors can focus on finding and maximizing the value of their assets.
Yaakov Tsar, Lev CEO, said, “We are delighted that 2020 has been a fruitful year for Lev, and we have won customers and partnerships because of our innovative technology and world-class execution. Now we have it.” We have to use resources and a team to use the recovery in the industry as a strong engine for further growth. “
The seed investment was led by Pete Flint by NFX. Other investors included Caanan Partners and JLL Spark, the strategic investment arm of commercial real estate services company JLL. Previous main investors Animo Ventures and Ludlow Ventures were also involved in the financing.
“With so many transactions being done online, we see a great opportunity to develop the commercial real estate transaction,” he said Pete Flint, General partner at NFX. “The Lev team has demonstrated that they have the vision and skills to drive this change. With their strong relationships with customers and partners, we are excited to be building a compelling technology platform for the industry.”
The investor ecosystem from this and previous funding rounds positions Lev with the right relationships to develop an outdated workflow. Lev is closed $ 100 million in transactions in the past 12 months and is on track to hit nearly 10x that volume this year. Clients range from small commercial real estate investors to some of the largest institutional investors in the industry. Transactions were carried out nationwide across various asset types.
“Lev is transforming commercial real estate finance in much the same way LoopNet did 20 years ago in real estate marketing and discovery. They are applying technology to achieve transparency and efficiency in a massive market for the benefit of borrowers and lenders in the CRE. having the opportunity to share some of these lessons from our experience with a team as innovative as Lev’s, “he said Rich Boyle, General Partner at Canaan Partners and former Chairman and CEO of LoopNet.
Lev is headquartered in SoHo in New York City and has a team of 30 on capital markets and technology.
Lev helps commercial property owners and investors get the best financing for their properties. Lev’s capital markets experts have machine learning technology to better understand your portfolio, identify the best lender for each transaction, and close the deal quickly. So customers stay up to date every step of the way. Founded in 2019 and headquartered in SoHo in New York CityLev transacts nationwide across all asset types. More information is available at www.levcapital.com
SOURCE Lev Capital