# Levaro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/levaro

- Industry: Financial Services
- Headquarters: Munich, Germany
- Website: www.finway.de
- Total disclosed funding: $12M
- Latest round: Series A (Feb 9, 2023)
- Investors on record: 4

## About

Based in Germany, Levaro GmbH specializes in automating accounts payable processes, offering innovative solutions that streamline invoice management for small and medium-sized enterprises across Europe.Levaro GmbH operates in the financial technology sector, providing automation solutions for accounts payable. Founded in 2019 and headquartered in Munich, Germany, the company has successfully completed 3 deals, with the most recent being on February 9, 2023. In this Series A funding round, the company raised EUR 9.2 million, led by Capital 49, with participation from other investors including 10x.Group and Force Over Mass Capital. The total amount raised by the company now stands at EUR 9.2 million, with a current valuation of EUR 33.117 million.Levaro GmbH's product, finway, specializes in automating accounts payable processes for small and medium-sized enterprises (SMEs). It features a platform for invoice management that uses Optical Character Recognition (OCR) technology to capture invoice data automatically, thereby eliminating manual entry. This service encompasses the entire accounts payable lifecycle, including budget management and payment execution, aiming to provide real-time insights into departmental expenses and enhance budget control.Levaro GmbH operates on a subscription-based revenue model, allowing access to its financial management platform. The technology automates accounts payable processes, which results in efficiency gains for SMEs. Clients engage with finway's tools, including digital invoice processing and corporate card management, to streamline their financial workflows. While specific pricing plans are not disclosed, the offerings are designed to cater to the diverse needs of SMEs in a customizable manner.In February 2023, Levaro GmbH raised EUR 9.2 million in Series A funding, which will be allocated towards further developing its software solutions. The company is actively working on enhancing its product offerings and expanding into new markets, particularly targeting greater reach within Europe. This strategic growth initiative will leverage the recent funding to innovate and improve the technology behind their accounts payable automation services.

## Funding rounds

- Series A, Feb 9, 2023, $9.8M — b2venture, Force Over Mass Capital, 10x.Group, Capital 49
- Seed, Mar 16, 2021, $2.5M — b2venture
- Angel, Mar 8, 2020 — 10x.Group

## Investors

- 10x.Group (https://capitalatlas.ai/funds/10x-group) — Angel, Series A
- b2venture (https://capitalatlas.ai/funds/b2venture) — Seed, Series A
- Force Over Mass Capital (https://capitalatlas.ai/funds/force-over-mass-capital) — Series A
- Capital 49 (https://capitalatlas.ai/funds/capital-49) — Series A