Enterprise procurement, where billion-dollar decisions get bottlenecked by clunky portals, rogue spend, and enough red tape to gift-wrap the Pentagon. For anyone who’s ever tried to make sense of a 20-tab procurement dashboard built in the ‘08 financial crisis and somehow still live, Levelpath feels less like a product and more like a long-overdue jailbreak.
Founded in 2022 by Alex Yakubovich (Co-Founder & CEO) and Stan Garber (Co-Founder & President), the same duo who sold Scout RFP to Workday for $540 million and then lived through the post-acquisition trenches, they didn’t just see procurement pain points, they wore them. Three years inside the enterprise machine taught them one truth, the system wasn’t just broken, it was designed for a world that no longer exists. So they didn’t retrofit, they rebuilt. AI-native, mobile-first, Hyperbridge-fueled and dead set on killing swivel-chair sourcing for good.
Fast forward to now, Levelpath just closed a $55M+ Series B round led by Battery Ventures, with returning firepower from Redpoint Ventures, Benchmark, 01A, New View Capital, and World Innovation Lab (WiL). That brings total funding to $100M, not bad for a company that’s barely old enough to rent a car but already powering procurement ops for Western Union, Amgen, Coupang, SiriusXM, Qualtrics, and Ace Hardware, just to name a few.
This isn’t your daddy’s procurement software. Their platform is stacked with autonomous AI agents that don’t wait for commands, they act. Intake to sourcing, supplier onboarding to risk scoring, all orchestrated by the proprietary Hyperbridge engine that digests unstructured data across finance, legal, IT, and spits out actual intelligence. And with real-time analytics and a UI smoother than a DJ Shadow vinyl set, it’s no wonder TreeHouse Foods saw a 200% ROI in six weeks.
Their roadmap? Deploying domain-specific LLMs for contract intelligence, scaling their go-to-market muscle across North America and EMEA, and pushing deep into regulated verticals like life sciences and finance. When you’re targeting the Fortune 500’s most complex indirect spend workflows, you don’t ask for permission, you build something undeniable.
Shoutout to Bryan Rosenstein (Co-Founder & Head of Ops), Michaela Dempsey (CMO), Crystal Cheng (Head of Product), Ken Hejduk (Head of Design), and Yilmaz Oztanir (VP of Engineering). The product speaks for itself, but the team behind it, now 80+ strong and hiring fast, is what makes Levelpath more than a platform. It’s a movement.
Procurement didn’t need a facelift, it needed a lobotomy. And Levelpath brought the scalpel and the swagger.
