Levelpath builds a mobile-first, user-friendly procurement platform that integrates AI to review unstructured contract data and recommend less expensive, similar products and services. The founders, Stan Garber and Alex Yakubovich, launched the product after identifying persistent procurement challenges while at Workday. Levelpath has integrated AI capabilities from inception, leveraging post‑ChatGPT advances to automate contract review and cost-saving recommendations. The company counts customers including Ace Hardware, Amgen, Coupang, and SiriusXM and is positioning itself to disrupt legacy incumbents like Coupa and Ariba. Levelpath aims to quadruple its revenue this year and is pursuing rapid growth after raising new capital. The procurement software market was valued at $7.3 billion annually in 2023, underscoring the opportunity for modern platforms to capture spend currently handled by outdated systems. Levelpath provides a mobile-first SaaS platform that centralizes enterprise procurement tasks, approval workflows, vendor discovery, and contract handling. The product integrates AI to deliver actionable insights, reduce vendor redundancy, and surface alternative suppliers based on employee purchasing habits. Founders Stan Garber and Alex Yakubovich launched Levelpath after experiencing procurement friction while at Workday following their prior startup Scout RFP. The company says it serves dozens of enterprise customers, including Ace Hardware, Qualtrics, and Innovacare. Levelpath currently has 26 employees and expects to double headcount next year. It plans a broader go-to-market push in 2024 and will direct the new funding toward product development and research.

Total raised

$85M

Funding rounds

2

Latest round

Series B

Latest activity

Jun 2025