Lev Announces $170 Million in New Funding from Parker89, Cross River Digital Ventures and Others
NEW YORK, May 5, 2022 /PRNewswire/ -- Lev, the digital commercial real estate (CRE) transaction platform, today announced $170 million in new funding. The company has closed a $70 million Series B round led by Parker89 and Cross River Digital Ventures with participation from NFX, Canaan, JLL Spark, Animo Ventures, Capital One Ventures, Citi Ventures and Citi SPRINT, StepStone Group and Blitzscaling Ventures. Additionally, Lev has secured $100 million in debt financing from Cross River's Strategic Direct Lending Group. The new round brings Lev's total funding to over $200 million.
- The company has closed a $70 million Series B round led by Parker89 and Cross River Digital Ventures with participation from NFX, Canaan, JLL Spark, Animo Ventures, Capital One Ventures, Citi Ventures and Citi SPRINT, StepStone Group and Blitzscaling Ventures.
- Additionally, Lev has secured $100 million in debt financing from Cross River's Strategic Direct Lending Group.
- Lev is transforming the CRE industry's notoriously manual lending process into a beautiful digital experience.
- Founded in 2019, Lev has raised over $200 million in funding from Parker89, Cross River Digital Ventures, NFX, StepStone Group, Canaan Partners, JLL Spark, Animo Ventures and Ludlow Ventures, among others.