Levitate, a Raleigh, NC-based SaaS 'Happiness Platform' for relationship-based businesses, has secured $15 million in Series D funding.
The company also announced the general availability of a suite of tools for helping businesses manage their online presence. Newly launched features include website design, Google Review management, and blog content creation, all powered by Levitate's AI Assistant.
Investors
The round was led by Harbert Growth Partners, Northwestern Mutual Future Ventures, and Bull City Venture Partners, bringing Levitate’s total capital raised to $55 million.
Founded in 2004, Harbert Growth Partners is a growth and expansion firm based in Richmond, Virginia. The firm prefers to invest in early-stage, later-stage, and growth-stage companies, typically investing $5 million to $8 million initially and continuing to invest and build value through the growth of its portfolio companies.
Northwestern Mutual Future Ventures is the corporate venture capital arm of Northwestern Mutual, based in Milwaukee, Wisconsin. Founded in 2017, the firm invests in companies operating in the digital health, consumer, finance, transformational analytics, and technology sectors.
Bull City Venture Partners is a Durham, NC-based venture capital firm investing in software and internet companies. The firm prefers to invest in early-stage, B2B software, and tech-enabled businesses operating in software, mobile, e-commerce, health, cloud computing, fintech, and internet sectors.
Levitate Use of Funds
The company will use the funding to extend its services to thousands more businesses and enhance its platform with cutting-edge features.
About Levitate
Founded by Jesse Lipson, Levitate provides a SaaS platform designed to help relationship-based businesses manage and enhance their customer interactions. Its happiness platform equips businesses with tools and coaching to cultivate meaningful interactions with clients, donors, referral sources, and prospects. Levitate enables customers to send tailored emails at scale, post to social media, keep in touch with clients via text, send surveys and event invitations, generate and manage reviews, schedule meetings, send handwritten cards, remember key facts about their contacts, manage their website and blog, and more.
Funding Details
Company: Levitate, Inc.
Raised: $15.0M
Round: Series D
Funding Month: August 2024
Lead Investors: Harbert Growth Partners, Northwestern Mutual Future Ventures, Bull City Venture Partners
Additional Investors:
Company Website: https://www.levitate.ai/
Software Category: Relationship Marketing
Source: https://www.prnewswire.com/news-releases/levitate-raises-15-million-to-help-relationship-based-businesses-stay-top-of-mind-302217265.html