Last Lev valuation
$130M
Series A · Jun 2021
Last Lev funding round
$70M
Series B · Apr 2022
Cumulative funding Lev raised
$112M
across 4 funding rounds
Key investors in Lev
ANIMO Ventures
NFX
Ludlow Ventures
JLL Spark
Canaan Partners
Parker89
About Lev
Lev is a New York-headquartered technology platform founded in 2019 that digitizes commercial real estate transactions. The company streamlines deal sourcing, due diligence, leasing, and financing workflows for brokers, investors, and owners. Lev integrates property data, analytics, and collaboration tools to accelerate closings in multifamily, office, and retail sectors across the U.S.
Founded
2019
HQ
New York City, NYWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$130M (Jun 2021)
Lev Valuation
Lev is currently valued at $130M, based on its Series A in June 2021.
The $30M round was led by Greenspring Associates, with participation from Parker89, JLL Spark, ANIMO Ventures, Ludlow Ventures and NFX.
Lev valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2021 | Series A | $130M |
Lev Funding History
Lev has raised a total of $112M across 4 funding rounds.
Lev's first fundraising round was a $2M seed round in February 2020. The most recent completed round was a $70M Series B in April 2022.
Lev funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series B | Cross River Bank (lead); Parker89 (lead); JLL Spark; Canaan Partners; StepStone Group; ANIMO Ventures; Capital One Ventures; NFX; Citi Ventures; Citi SPRINT; Blitzscaling Ventures | $70M | - | Lev is a digital commercial real estate (CRE) transaction platform launched in 2019 that transforms the manual CRE lending process into a digital experience, providing loan seekers with instant access to customized financing from leading institutions and closing loans up to three times faster than traditional methods, which can take over 100 days. The platform targets the lower-middle market segment often underserved by brokers due to poor economics, using a technology- and sales-first approach to enable efficient marketing, diligence, screening, underwriting, and closing of transactions for borrowers, lenders, and investors. In May 2022, Lev announced $170 million in new funding, comprising a $70 million Series B equity round co-led by Parker89 and Cross River Digital Ventures, with participation from NFX, Canaan Partners, JLL Spark, ANIMO Ventures, Capital One Ventures, Citi Ventures, Citi SPRINT, StepStone Group, and Blitzscaling Ventures. Additionally, Lev secured $100 million in debt financing from Cross River’s Strategic Direct Lending Group, bringing total funding to over $200 million. The funds are earmarked to enhance product offerings, recruit talent across departments, and invest in R&D for the marketplace and end-to-end lending experiences. At the time, Lev had facilitated over $1.5 billion in CRE transactions and ranked among the top 100 CRE loan originators. In 2021, it closed nearly $1 billion in CRE mortgages, achieving 10x year-over-year growth in its second year of operations. Cross River's involvement deepens a prior relationship, having invested in Lev’s seed round, provided a warehouse facility, and accounts-as-a-service. |
| Jun 2021 | Series A | Greenspring Associates (lead); Parker89; JLL Spark; ANIMO Ventures; Ludlow Ventures; NFX | $30M | $130M | Lev is a tech-focused commercial real estate brokerage and full-stack transaction platform that automates financing workflows using machine learning on hundreds of millions of data points to help CRE investors secure optimal financing for properties, covering analysis, financing, closing, monitoring, servicing, and disposition. Founded less than two years prior, Lev raised a $30 million Series A round in July 2021 led by Greenspring Associates, with participation from First American Financial, and existing investors including NFX, Canaan Partners, JLL Spark, Animo Ventures, and Ludlow Ventures. This followed a $10 million seed round in March 2021 led by JLL Spark, bringing total funding to $40 million at a $130 million valuation. Funds were allocated to expand teams in New York City headquarters, Miami R&D center, Los Angeles outpost, and remote roles, while investing in product development and sales. The round was one of the largest in CRE financing proptech at the time. Lev demonstrated strong early traction, closing approximately $100 million in loans during its first year in 2020 amid the pandemic, with projections to exceed $1 billion in 2021, reflecting 10x volume growth. The company employed around 40 people and focused on hiring engineers, product designers, and CRE veterans like Justin Piasecki from Avison Young and Greg Goldstein from Eastdil Secured and HFF to drive strategic growth and expansion. Customers reported high satisfaction, with repeat business and referrals highlighting the platform's superior experience compared to traditional manual processes. Lev positioned itself to capitalize on digitization trends accelerated by COVID-19, addressing inefficiencies in the $40 billion+ CRE financing market dominated by slow incumbents. Investors praised Lev's industry-backed team, execution on complex deals, and potential to set new standards in CRE transactions. The valuation reached $130 million post-Series A, confirmed by founder Yaakov Zar and multiple outlets, with one initial report corrected from $150 million. |
| Feb 2021 | Seed | ANIMO Ventures (lead); NFX (lead); JLL Spark; Canaan Partners; Ludlow Ventures | $10M | - | - |
| Feb 2020 | Seed | ANIMO Ventures (lead); Ludlow Ventures (lead); Edward Lando; Pareto Holdings | $2M | - | - |
Who has invested in Lev?
15 investors have backed Lev across its funding rounds, including ANIMO Ventures, NFX, Ludlow Ventures, JLL Spark, Canaan Partners and Parker89.
Lead investors include Cross River Bank, Parker89, Greenspring Associates, ANIMO Ventures, NFX and 1 other investor.
Lev Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Miami, FL | 4 | Lead | Feb 2020 | |
| San Francisco, CA | 3 | Participant | Feb 2021 | |
| Detroit, MI | 3 | Lead | Feb 2020 | |
| San Francisco, CA | 3 | Lead | Feb 2021 | |
| Los Angeles, CA | 2 | Lead | Jun 2021 | |
| United States | 2 | Participant | Feb 2021 | |
| Miami, FL | 1 | Participant | Feb 2020 | |
| Baltimore, MD | 1 | Lead | Jun 2021 | |
| New York City, NY | 1 | Participant | Apr 2022 | |
| New York City, NY | 1 | Participant | Feb 2020 | |
| San Francisco, CA | 1 | Participant | Apr 2022 | |
| Fort Lee, NJ | 1 | Lead | Apr 2022 | |
| San Francisco, CA | 1 | Participant | Apr 2022 | |
This data is available for Pro users. Sign up to see all 15 Lev investors. Start Free Trial | ||||
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small}
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialLev Competitors
Lev competitors include listed companies like Ming Yuan Cloud Group and SmartRent, and private ones like Heygo, Homeday, Marketer Real Estate Technologies and Property Source USA, Inc.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Barcelona | Private | - | - | $120M | - | |
 Berlin | Private | - | - | $113M | - | |
 Oslo | Private | - | - | $112M | - | |
| Sarasota, FL | Private | - | - | $107M | - | |
 China | Publicly listed | $192M | ($7M) | $229M | - | |
| United States | Publicly listed | $152M | ($56M) | $230M | 0.9x |
Lev Public Comps
Lev is still privately-owned, but its public comps include CCReB Advisors, Aurum Proptech, Real Matters, Propdo, RESAAS, Urbanise, Wiseway Group, Ming Yuan Cloud Group, SmartRent and Latch.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $16M | $4M | 9.2x | 3.3x | 36.2x | 19.5x | |||
| $40M | $11M | 4.7x | 3.3x | 16.9x | - | |||
| $170M | ($3M) | 0.9x | 2.9x | (45.1x) | 81.1x | |||
| - | - | - | - | - | - | |||
| $632K | ($27K) | 59.9x | - | (1410.1x) | - | |||
| $9M | ($2M) | 3.6x | 3.2x | (18.1x) | - | |||
| $132M | $9M | 0.3x | - | 4.6x | - | |||
| $192M | ($7M) | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Lev competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Lev
| When was Lev founded? | Lev was founded in 2019. |
| Where is Lev headquartered? | Lev is headquartered in New York City, NY, United States. |
| Is Lev publicly listed? | No, Lev is a private, VC-backed company. |
| What is Lev's valuation? | Lev was last valued at $130M in its Series A in June 2021. |
| How much funding has Lev raised? | Lev has raised $112M across 4 funding rounds. |
| What was Lev's last funding round? | Lev's last funding round was a $70M Series B in April 2022, led by Cross River Bank and Parker89. |
| Who are Lev's investors? | Lev's investors include ANIMO Ventures, JLL Spark, Ludlow Ventures, NFX, Parker89, Canaan Partners, Edward Lando, Greenspring Associates, StepStone Group, Pareto Holdings and 5 others. |
| Which companies are comparable to Lev? | Companies comparable to Lev include Heygo, Homeday, Marketer Real Estate Technologies, Property Source USA, Inc, Ming Yuan Cloud Group and SmartRent. |
See companies similar to Lev
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.