welcome
TechCrunch

TechCrunch

Technology

Technology

Next-gen procurement platform Levelpath nabs $55M | TechCrunch

TechCrunch
Summary
Nutrition label

77% Informative

Levelpath, a procurement software startup, has raised $55 million in Series B funding.

The startup was founded by Stan Garber and Alex Yakubovich , whose previous startup, Scout RFP , was acquired by Workday for $540 million in 2019 .

The investment signals confidence in Levelpath ’s fast growth and potential to disrupt a market dominated by legacy players.

The procurement software market was valued at $7.3 billion annually in 2023 .

VR Score

78

Informative language

76

Neutral language

65

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links