Level

Level offered streamlined and rapid financing solutions tailored for lending startups, facilitating their initial launch and supporting their subsequent growth. Their model involved purchasing loans in smaller increments initially, incentivizing clients with increased capital access based on demonstrated performance. Founder and CEO Vladimir Korshin, drawing from his experience in traditional venture debt at Silicon Valley Bank, identified a gap where promising startups were often denied non-dilutive financing due to their early stage. Within a month of launching with their first client, Level had acquired $1.3 million in loans across six customers. The leadership team boasted over 30 years of collective startup experience: Vladimir's operational background includes roles at Facebook, Eventbrite, and Niantic; Asa Schachar's engineering expertise stems from Microsoft and Optimizely; and Molly Hogan spearheaded new and international product initiatives at Amazon for more than seven years. Level was supported by investors including Liquid2 and Y Combinator (S21).