Levelset builds software to digitize billing and payments for contractors and to provide visibility into who is on a job site and their responsibilities. The company focuses on the administrative and accounting workflows that translate field data into payment. CEO Scott Wolfe founded Levelset after pivoting his family’s grocery and construction operations following Hurricane Katrina and identifying contractors’ cash-flow challenges. Levelset cites a joint survey showing more than half of contractors are not paid on time and references PWC studies that place construction as the slowest industry for payment speeds (83+ days). The product aims to reduce paperwork delays that can stall projects and cost developers money. The company recently closed financing to accelerate that work. zlien provides a cloud-based platform that allows users to manage mechanics lien rights and to exchange lien waivers, construction notices and related project information. The application brings together contractors, suppliers, developers and lenders to streamline the construction payment process. Led by founder and CEO Scott Wolfe, Jr., the company serves users including thyssenkrupp Elevator Americas, Blueline Rentals, Graybar Electric, TruTeam, USG Corporation and Belfor USA, among other Fortune 500 construction firms. In July 2016 zlien raised $5M in equity funding. The company intends to use the funds to expand its sales and marketing teams and to continue building its software. Management also plans to innovate around the complex construction payment process. zlien is a New Orleans-based cloud platform that helps construction firms, material suppliers, equipment renters, and other project stakeholders manage mechanics lien rights nationwide. Led by CEO Scott Wolfe, the platform is designed to eliminate the administrative burdens and legal guesswork associated with lien waiver exchanges, preliminary notices, and mechanics lien compliance. In conjunction with its recent funding, zlien released a waiver exchange tool that enables property owners, lenders, general contractors, subcontractors, material suppliers, and equipment renters to electronically sign, exchange, and collaborate on lien waivers. Users include ThyssenKrupp Elevator Americas, Graybar Electric, TruTeam, USG Corporation, Belfor USA and other Fortune 500 construction companies. The company raised $1.3M in funding, which the article says was led by Brick & Mortar Ventures.

Total raised

$36M

Funding rounds

3

Latest round

Series C

Latest activity

Dec 2019