Canada-based Levr.ai, the cutting-edge intelligent loans software platform, has successfully raised an additional $1m in seed funding, building on its previous fundraising efforts which have now totalled over $2.5m.
This new round of investment comes from follow-on investments by Weave VC and Sprout VC, alongside several new investors, underlining the confidence in Levr.ai’s mission and its commitment to providing small businesses with the innovative financial tools and AI support they need to flourish in today’s challenging economy.
Levr.ai is pioneering the field of artificial intelligence (AI) in small business financing. Utilising cutting-edge AI and machine learning algorithms, Levr.ai’s proprietary recommendation engine simplifies the lending process, making it faster, more accessible, and transparent. This technology-driven approach is designed to meet the unique needs of small businesses, offering them tailored loan packages and connecting them with a wide network of over 40 strategic lending partners.
The company plans to use the newly acquired $1m funding to further its mission of empowering small business owners across Canada and the United States. This includes expanding its reach and enhancing its intelligent loan platform to provide more businesses with visibility into lending options, thereby enabling them to gain control over their finances and fuel their growth.
Levr.ai has shown remarkable growth, now supporting over 2,000 small businesses in North America, with 30% of its traffic coming from the US as it begins its expansion stateside. This rapid adoption underscores the significant demand for more understanding and access to capital among businesses.
Weave VC General Partner Mark Mitchell said, “Weave VC has been an early believer in Levr.ai’s mission and team, investing in both its pre-seed and seed rounds. The team continues to deliver innovative products with early market traction for thousands of SMBs, demonstrating the urgent need for Levr.ai in the market. We’re thrilled to continue to back Levr.ai as they make it easy for millions of small businesses across Canada and the United States to get capital they need.”
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