# Level

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

- Industry: Insurance
- Headquarters: New York, US
- Website: www.level.com
- Total disclosed funding: $27M
- Latest round: Series A (Apr 16, 2021)
- Investors on record: 6

## About

Based in New York, US, and founded in 2018, Level, Inc. provides financial products for employers to help businesses process their employees' dental and vision care benefits more quickly. In April 2021, Level, Inc. raised USD 27 million in Series A funding co-led by new investors Khosla Ventures and Lightspeed Venture Partners, with participation from other new investors Operator Collective and BoxGroup. First Round Capital, Homebrew, and individual investors also participated in the round. The company is led by CEO, Paul Aaron. 

Level offers benefits plans including employer-sponsored traditional and flexible dental and vision benefits as well as taxable and tax-advantaged funds for food and lifestyle perks. Level work with businesses of all sizes and industries, brokers, consultants, advisors, and vision and dental providers to optimize employer benefits. The company's customers include Intercom, Udemy, exabeam, Motive, Grindr, docker, Strava, ginger, and Thistle. In addition, Level has the ability to process claims in four hours. 

The company plans to use the 2022 funds to continue to build insurance and benefits products.

## Funding rounds

- Series A, Apr 16, 2021, $27M — Lightspeed Venture Partners, Khosla Ventures, First Round Capital, BoxGroup, Homebrew, Operator Collective
- Seed, Dec 1, 2018 — First Round Capital, Homebrew

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed, Series A
- Homebrew (https://capitalatlas.ai/funds/homebrew) — Seed, Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Series A
- Operator Collective (https://capitalatlas.ai/funds/operator-collective) — Series A