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Levelpath, a San Francisco–based startup modernizing procurement software, has raised a $55M Series B led by Battery Ventures, with continued backing from Benchmark and Redpoint. The company is founded by the creators of Scout RFP (acquired by Workday for $540M) and aims to make enterprise purchasing as smooth as consumer apps.
• Built post-ChatGPT, so generative AI powers workflows from contract review to vendor insights
• Helps users avoid “rogue spend” by automatically surfacing approved, lower-cost alternatives
• Modern UI/UX designed for employees outside procurement—mobile-ready and intuitive
• Customers include Ace Hardware, Amgen, SiriusXM, and Coupang
• Revenue expected to quadruple in 2025
• Competing in a $7.3B+ market alongside Coupa, Ariba, and Zip
• Founders Stan Garber and Alex Yakubovich previously built and sold Scout RFP
• Learned from Workday what legacy systems still couldn’t solve
• Battery’s Neeraj Agrawal—who also backed Coupa—joins the board
Procurement is often the second-largest cost center after payroll—Levelpath wants to make managing it as easy as shopping online.