# Express Lien

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/express-lien

- Industry: Software
- Headquarters: New Orleans, US
- Website: www.levelset.com
- Total disclosed funding: $40M
- Latest round: Series C (Dec 19, 2019)
- Investors on record: 8

## About

Based in Louisiana, the US, and founded in 2007 by CEO, Scott G. Wolfe Jr., Express Lien, Inc., trading under the name Levelset, provides an online platform for lien management in construction projects, assisting contractors and suppliers with payment administration. It has headquarters in New Orleans, Louisiana, with offices in Austin, Texas, and Cairo, Egypt, and as of 2021, it employs 300 employees. The company was backed by investors that include Brick & Mortar Ventures, Altos Ventures, and S3 Ventures. In September 2021, Procore Technologies, Inc. agreed to acquire Express Lien, Inc. for approximately USD 500 million in cash and stock.

Levelset offers an online payment platform for the construction industry that improves the speed of the payment process and waiver exchange for various transactions. The platform also allows users to order materials from different suppliers and get approval within 48 hours. It also provides access to construction attorneys providing services such as contract reviews, attorney-written letters for back charges, and lien, license, and other document reviews.

Levelset's revenue is generated by fees for various services that include filing a lien at USD 349 and lien cancellations at USD 149. It also offers a yearly subscription for USD 2160 per year.

## Funding rounds

- Series C, Dec 19, 2019, $30M — Altos Ventures, S3 Ventures, ARC Angel Fund, Horizons Ventures, Operating Venture Capital
- Series B, Jan 3, 2018, $10M — Altos Ventures, S3 Ventures, Brick & Mortar Ventures
- Angel, Jun 1, 2012, $0.5M — New Orleans Startup Fund, Abstraction Ventures, Operating Venture Capital

## Investors

- New Orleans Startup Fund — Angel
- Abstraction Ventures (https://capitalatlas.ai/funds/abstraction-ventures) — Angel
- Operating Venture Capital (https://capitalatlas.ai/funds/operating-venture-capital) — Angel, Series C
- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series B, Series C
- S3 Ventures (https://capitalatlas.ai/funds/s3-ventures) — Series B, Series C
- Brick & Mortar Ventures (https://capitalatlas.ai/funds/brick-mortar-ventures) — Series B
- ARC Angel Fund — Series C
- Horizons Ventures — Series C