Level Secures $27 Million in Series A Funding to Revolutionize Employee Benefits Payments Experience

We are thrilled to announce that Level has successfully raised $27 million in our latest funding round, an investment that will propel us closer to our mission of revolutionizing the benefits experience for both employers and employees. At Level, we believe that utilizing your benefits should be as straightforward as purchasing a cup of coffee. Our innovative platform simplifies the way compensation is experienced by transforming traditional benefits into a seamless payments mechanism that is fast, flexible, and transparent. Armed with the expertise of our diverse team—comprising veterans from industry giants like Square, Oscar, Google, Uber, and Airbnb—we are on a quest to redefine the status quo of employee benefits. This funding will primarily be directed towards enhancing our technology stack, enabling us to deliver even more personalized and accessible benefit solutions for employers looking to empower their workforce. We also recognize that collaboration is our superpower; by harnessing our collective strengths and fostering an environment of curiosity and innovation, we’re not just building a product—we’re cultivating a transformational culture within our organization. As we continue on this exciting journey, we’re proud to offer exceptional employee benefits that we also make available to our customers. Thank you to our investors for believing in our vision, which aims to unlock the full potential of compensation and help individuals forge better, more secure financial futures. Together, we are setting a new standard for benefits in the workplace.