Levr.ai secures a $1 million investment to use AI to transform small business lending.

The innovative intelligent loans software platform, Levr.ai, based in Canada, has raised an additional $1 million in startup money, bringing its total fundraising to over $2.5 million.

Tyree Schoen

February 24, 2024

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This new round of funding is the result of follow-on investments made by Weave VC and Sprout VC in addition to a number of new investors. This shows how committed Levr.ai is to supporting small businesses with AI and cutting-edge financial tools so they can thrive in the current difficult economic climate.

Artificial intelligence (AI) in small company funding is being pioneered by Levr.ai. Levr.ai's in-house recommendation engine streamlines the lending process by using state-of-the-art artificial intelligence and machine learning methods. This makes the process faster, more transparent, and easier to use. With customized loan packages and connections to more than 40 strategic lending partners, our technology-driven approach caters to the specific requirements of small businesses.

With the recently obtained $1 million in finance, the company intends to carry out its objective of enabling small business owners in both the US and Canada. This entails broadening its scope and improving its intelligent lending platform so that more firms can see their funding possibilities and take charge of their finances, so fostering their expansion.

Levr.ai has had incredible growth, presently servicing more than 2,000 small businesses in North America. As it starts its domestic expansion, 30% of its traffic originates from the US. This quick adoption highlights how much businesses need to know and have access to more funding.

"Weave VC has been an early believer in Levr.ai's mission and team, investing in both its pre-seed and seed rounds," stated Mark Mitchell, general partner of Weave VC. Levr.ai is desperately needed in the industry, as the team continues to provide thousands of SMBs with cutting-edge products that have early market traction. We're delighted to keep supporting Levr.ai as they simplify the process of getting necessary funding for millions of small businesses in the US and Canada.