Level Funding, Investors & Competitors

Level has raised $142M across 2 funding rounds, most recently a $136M undisclosed-stage round in March 2025.

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Last Level funding round

$136M

Undisclosed stage · Mar 2025

Cumulative funding Level raised

$142M

across 2 funding rounds

Key investors in Level

  • Capricorn Capital Partners
  • Kendal Capital

Level Overview

About Level

London-based Level is a litigation funding firm specializing in probate disputes and family law cases in the United Kingdom. The company advances funds for legal fees against future settlements in inheritance and trust battles. Level assesses cases through non-recourse financing models and has supported claims in the High Court of Justice. Operating since 2020, it serves clients seeking early access to estates valued over £100,000.


Founded

2016

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2C

Revenue model

Services

Level Funding History

Level has raised a total of $142M across 2 funding rounds.

Level's first fundraising round was a $6M Series A in May 2024. The most recent completed round was a $136M undisclosed-stage round in March 2025.

Level funding rounds

Level funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2025Undisclosed stageCapricorn Capital Partners (lead)$136MLevel is an FCA-regulated non-bank lender specializing in probate, family law, and private client sectors, providing funding to clients facing delays in probate or family law proceedings. Since its 2017 launch, it has delivered over £175 million in funding to more than 1,650 clients. Level also appointed Harvey Bowman as Finance Director in January 2024. The company raised £105 million in March 2025, comprising equity from Capricorn Capital Partners and a senior secured facility from Pollen Street Capital, with Capricorn as the lead equity investor. Capricorn's Robert Gottlieb and Ricardo Delgado joined Level’s board of advisers as part of the transaction. Capricorn Capital Partners classified this as a Private Equity - II investment in Level on March 24, 2025. Level's lending book grew 71% over the past financial year prior to the raise, positioning it for strong expansion amid rising demand driven by probate delays, increasing inheritance tax bills (projected to reach £10 billion by 2029), and cost-of-living pressures. The funding supports continued growth in serving these underserved markets, with investors citing the probate and family law lending space's significant potential. The deal aligns with Capricorn's focus on compelling opportunities in growing markets.
May 2024Series AKendal Capital (lead)$6M-

Who has invested in Level?

2 investors have backed Level across its funding rounds, including Capricorn Capital Partners and Kendal Capital.

Lead investors include Capricorn Capital Partners and Kendal Capital.


Level Investors

Investors in Level by funding rounds participated
InvestorHQRoundsRoleFirst check

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Level Competitors

Level competitors include listed companies like Bajaj Finance, Tata Capital, Mitsubishi HC Capital and Muthoot Finance, and private ones like JD Digits and Creditas Financial.

Public and private companies comparable to Level
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Bajaj FinanceIndiaIndiaPublicly listed$5.2B$2.7B$66B16.6x
JD DigitsChinaBeijingPrivate--$18B-
Tata CapitalIndiaIndiaPublicly listed$3.1B$759M$15B20.8x
Mitsubishi HC CapitalJapanJapanPublicly listed$14B$4.2B$13B5.0x
Muthoot FinanceIndiaIndiaPublicly listed$2.1B$1.4B$12B13.5x
Creditas FinancialCayman IslandsGeorge TownPrivate$200M-$4.8B24.0x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bajaj Finance$5.2B$2.7B19.8x16.6x37.3x29.7x
Tata Capital$3.1B$759M12.2x20.8x49.8x-
Mitsubishi HC Capital$14B$4.2B5.0x5.0x17.2x20.9x
Muthoot Finance$2.1B$1.4B12.3x13.5x19.1x18.4x
Aditya Birla Capital$4.8B$1.8B6.2x29.8x16.5x40.5x
Chailease Holding$707M($1.1B)34.4x7.8x(21.2x)19.6x
Credit Acceptance$2.3B$565M5.4x5.7x22.0x-
Blue Owl Capital Corp.$1.7B-7.9x8.1x--

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Common questions about Level

When was Level founded?Level was founded in 2016.
Where is Level headquartered?Level is headquartered in London, United Kingdom.
Is Level publicly listed?No, Level is a private, VC-backed company.
How much funding has Level raised?Level has raised $142M across 2 funding rounds.
What was Level's last funding round?Level's last funding round was a $136M undisclosed-stage round in March 2025, led by Capricorn Capital Partners.
Who are Level's investors?Level's investors include Capricorn Capital Partners and Kendal Capital.
Which companies are comparable to Level?Companies comparable to Level include Bajaj Finance, JD Digits, Tata Capital, Mitsubishi HC Capital, Muthoot Finance and Creditas Financial.

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