Levelset, formerly zlien, is a fast-growing startup headquartered in New Orleans that has built a platform that helps construction contractors and suppliers get paid faster and more seamlessly.
The company has closed a $30 million funding round led by Horizon Ventures along with Altos Ventures, Brick & Mortar Ventures, Operating Venture Capital, and S3 Ventures.
Levelset was founded by Scott Wolfe, a native New Orleanian who launched the company post-Katrina to help his parents rebuild their business.
Zlien started as a construction payment ecosystem to connect construction stakeholders and leverage millions of data records to make payment documentation and lien rights fast and easy. By this time last year, the company had already raised $16.7 million through several rounds of financing.
“The effort required to get paid, and the cash stress put on contractors is unbelievable,” shared Wolfe. “The world’s biggest industry is full of small and medium businesses who are the fabric of our economy. It’s crucial that they can do their work without worrying about cash.”