# Levvel

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

- Industry: Business Support Services
- Headquarters: Charlotte, US
- Website: www.levvel.io
- Total disclosed funding: $2M
- Latest round: Seed (Jan 19, 2016)
- Investors on record: 1

## About

Levvel, LLC is a technology solutions provider that focuses on addressing complex business challenges through software development, digital transformation, data analytics, and cloud solutions.Founded in 2013, Levvel, LLC is headquartered in Charlotte, US. The company provides technology solutions to various industries and was acquired by Endava plc in April 2021, with the financial terms of the transaction not disclosed. The founders, John Espey and Matthew Ernst, have a history of entrepreneurial experience, with John Espey currently serving as the CEO. Levvel has engaged in 4 deals, with the most recent deal occurring in April 2021 and a total amount raised of USD 1.50 mn through a funding round.Levvel, now part of Endava, specializes in providing technology solutions that address complex business challenges across various industries. Their core offerings encompass a range of services including software development, digital transformation, data analytics, and cloud solutions, all aimed at enhancing operational efficiency and driving innovation. These services help clients navigate the rapidly evolving tech landscape, ultimately focusing on delivering measurable impacts for businesses in industries such as finance, healthcare, retail, and telecommunications. Levvel serves a diverse clientele, including Fortune 500 companies and emerging startups, across geographical markets such as North America, Europe, and parts of Asia, enabling them to adopt advanced technologies tailored to their specific needs.The revenue model for Levvel is structured around both fixed-price and variable pricing agreements, enabling flexibility in client engagements. Transactions typically occur through direct partnerships with businesses, where clients engage Levvel's expertise for specific projects or ongoing software solutions. Revenue is generated through contracts that may include service fees for custom software development, subscription plans for ongoing support and maintenance, and project-based billing for consulting services. This model allows Levvel to cater to a wide range of client needs while establishing long-term relationships that drive recurring revenue streams. Through these structured partnerships, Levvel aligns its offerings with the strategic goals of its clients, ensuring a comprehensive approach to technology adoption and digital innovation.Levvel plans to leverage its recent acquisition by Endava to expand its product offerings and enter new markets. The company is focused on developing new products that enhance their technology solutions, with specific launch dates yet to be announced. Additionally, Levvel aims to expand its presence in European and Asian markets by the end of 2023, utilizing the USD 1.50 mn raised in their latest funding round to support these initiatives.

## Funding rounds

- Seed, Jan 19, 2016, $2M — Walnut Grove Holdings

## Investors

- Walnut Grove Holdings (https://capitalatlas.ai/funds/walnut-grove-holdings) — Seed