How the Levelpath Procurement Platform Is Reshaping Enterprise Purchasing
Procurement is undergoing a massive transformation, and the Levelpath procurement platform is right at the center of this evolution. As organizations look for smarter, faster, and more cost-efficient ways to manage spending, legacy procurement software often falls short—leading to rogue purchases, overspending, and lost opportunities. Enter Levelpath, a next-gen procurement startup founded by the same visionary team behind Scout RFP. The company just secured a $55 million Series B round led by Battery Ventures, signaling a major vote of confidence in its AI-powered approach to purchasing. With plans to quadruple its revenue in 2025 and a client list that already includes major brands like SiriusXM and Ace Hardware, Levelpath is making a bold statement: procurement no longer has to be painful.
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Founders of Scout RFP Return with AI-Driven Levelpath Procurement Platform
Stan Garber and Alex Yakubovich, the Ohio-born duo behind Scout RFP—sold to Workday for $540 million—are once again rewriting the procurement playbook. After identifying ongoing inefficiencies during their post-acquisition stint at Workday, they launched the Levelpath procurement platform with a clear vision: make procurement intuitive, mobile-first, and powered by artificial intelligence. Their experience allowed them to move quickly and build smart. Crucially, Levelpath launched just as generative AI hit the mainstream, allowing the team to embed intelligent automation from the ground up. This includes tools that can analyze unstructured data in contracts, suggest cost-effective alternatives, and streamline purchasing processes that once required manual oversight. That timing gave Levelpath a major edge in delivering a truly modern procurement experience.
Levelpath Raises $55M to Challenge Legacy Procurement Software
Levelpath’s recent $55 million Series B raise brings its total funding to nearly $100 million—a clear signal that investors see massive potential in modernizing enterprise procurement. Battery Ventures led the latest round, with support from existing backers Benchmark and Redpoint. The excitement isn’t just about the money—it's about the market opportunity. Procurement is the second-largest cost center after payroll for most businesses, yet the software used to manage it often feels like it’s stuck in 2010. Tools like Coupa and Ariba, though dominant, are frequently bypassed by frustrated employees using their corporate credit cards instead, leading to inefficiencies and waste. Levelpath offers a fresh alternative—one that combines a user-friendly interface with AI-driven recommendations, making it easier for companies to track spend, reduce costs, and stay compliant. This is why Levelpath is not just another startup—it's a serious contender in a $7.3 billion market.
Why Investors and Customers Believe in the Levelpath Procurement Platform
What makes Levelpath stand out in an increasingly competitive space? It’s not just the founders' proven track record—it’s the trust they’ve earned and the product they’re building. Battery Ventures general partner Neeraj Agrawal, who previously led investments into Coupa, is now on Levelpath’s board. That’s a big deal. Agrawal sees clear parallels in Levelpath’s growth trajectory and is betting that the startup could follow in Coupa’s footsteps—or even surpass them. Clients like Amgen and Coupang are already on board, drawn by the platform’s usability and AI smarts. The product is designed to be collaborative and flexible, enabling procurement teams to do more with less friction. While competitors like Zip and Oro Labs have momentum, Levelpath’s focus on experience, trust, and continuous innovation sets it apart. In the long run, the company aims to become the go-to procurement solution for modern enterprises that want to scale intelligently.
Levelpath Is Just Getting Started
The Levelpath procurement platform is not just another startup chasing enterprise clients—it's a fast-growing disruptor with a unique blend of experience, funding, and future-proof technology. With $55 million in fresh capital, a powerful AI backbone, and a leadership team that knows how to build and scale, Levelpath is well-positioned to become a dominant force in the procurement space. As more organizations realize the cost of outdated procurement tools, platforms like Levelpath offer a smarter, faster, and more user-friendly alternative. Whether you're an enterprise buyer, a procurement professional, or a business leader looking to optimize operations, Levelpath is a name you’ll want to remember. The next generation of procurement is here—and it’s just getting started.
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