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Investments

74

Portfolio Exits

19

Funds

6

Service Providers

1

About Level Equity

Level Equity aims to invest in high growth software, media, and internet businesses. Level Equity is based in New York but will evaluate investment opportunities worldwide in its target industries. The firm aims to find investments where they see product and technology innovation that are growing or have the potential to grow quickly and are targeting large markets.

Level Equity Headquarter Location

Two Grand Central Tower 140 East 45th Street, 14th Floor

New York, New York, 10017,

United States

212-660-2470

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Research containing Level Equity

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CB Insights Intelligence Analysts have mentioned Level Equity in 1 CB Insights research brief, most recently on Oct 30, 2019.

Latest Level Equity News

Boatsetter sails away with $38M for rental marketplace

Aug 4, 2022

Share Boat rental and experiences marketplace Boatsetter has landed $38 million to grow its inventory and product features. Level Equity led the Series B round, with participation from Suntex Marinas, Certares and others. Launched in 2014, Boatsetter connects boat owners and licensed captains to renters. It has more than 50,000 boat listings in 700 locations around the world and offers experiences such as wakeboarding, sunset cruises, party boats and fishing excursions. “Our mission has always been about celebrating the ways that the water brings people together, and making incredible on-the-water experiences more affordable and accessible to everyone, everywhere,” says Jaclyn Baumgarten, Boatsetter co-founder and CEO. Get a dose of digital travel in your inbox each day Subscribe to our newsletter below Submit “By making it simple and worry-free to book an experience through Boatsetter, we’ve been able to welcome hundreds of thousands of new boaters onto the water for the very first time. With this funding, we’ll continue to build on that momentum, bringing more boats, experiences and markets into the Boatsetter community.” Adds Gautam Gupta, partner at Level Equity: “We were attracted to how Boatsetter has taken the often intimidating arena of boat rental and ownership and made it remarkably intuitive. “They’ve put extensive work into building the infrastructure it takes to make a business like this successful in the long term, and they’ve cracked open a market for water experiences that was previously quite narrow - attracting hundreds of thousands of new boaters and boat owners of all ages and backgrounds in the process.”

Level Equity Investments

74 Investments

Level Equity has made 74 investments. Their latest investment was in Boatsetter as part of their Series B on August 8, 2022.

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Level Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/1/2022

Series B

Boatsetter

$38M

Yes

2

5/31/2022

Series B

HoxHunt

$40M

Yes

8

5/27/2022

Series A

Foxen

$44M

Yes

2

4/21/2022

Series A

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$99M

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10

3/16/2022

Series A

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$99M

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10

Date

8/1/2022

5/31/2022

5/27/2022

4/21/2022

3/16/2022

Round

Series B

Series B

Series A

Series A

Series A

Company

Boatsetter

HoxHunt

Foxen

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Amount

$38M

$40M

$44M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

8

2

10

10

Level Equity Portfolio Exits

19 Portfolio Exits

Level Equity has 19 portfolio exits. Their latest portfolio exit was Instaclustr on January 12, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/12/2022

Acquired

$99M

1

12/7/2021

Reverse Merger

$99M

11

12/3/2021

Acquired

$99M

8

12/1/2021

Acquired

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$99M

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10

10/4/2021

Acquired

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$99M

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10

Date

1/12/2022

12/7/2021

12/3/2021

12/1/2021

10/4/2021

Exit

Acquired

Reverse Merger

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

11

8

10

10

Level Equity Acquisitions

3 Acquisitions

Level Equity acquired 3 companies. Their latest acquisition was HackEDU on October 26, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/26/2021

$99M

Acq - Fin

1

12/18/2017

Growth Equity

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$99M

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10

12/31/2012

Other

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$99M

$99M

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10

Date

10/26/2021

12/18/2017

12/31/2012

Investment Stage

Growth Equity

Other

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

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Sources

1

10

10

Level Equity Fund History

6 Fund Histories

Level Equity has 6 funds, including Level Equity Opportunities Fund 2018.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/2/2018

Level Equity Opportunities Fund 2018

Expansions & Growth

Closed

$200M

2

10/2/2018

Level Equity Growth Partners IV

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$99M

10

4/26/2016

Level Equity Growth Partners III

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10

12/10/2013

Level Equity Growth Partners II

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$99M

10

8/22/2011

Level Equity Growth Partners I

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$99M

10

Closing Date

10/2/2018

10/2/2018

4/26/2016

12/10/2013

8/22/2011

Fund

Level Equity Opportunities Fund 2018

Level Equity Growth Partners IV

Level Equity Growth Partners III

Level Equity Growth Partners II

Level Equity Growth Partners I

Fund Type

Expansions & Growth

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Status

Closed

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Amount

$200M

$99M

$99M

$99M

Sources

2

10

10

10

10

Level Equity Service Providers

1 Service Provider

Level Equity has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Series B

Counsel

General Counsel

Service Provider

Associated Rounds

Series B

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Level Equity Team

3 Team Members

Level Equity has 3 team members, including current Founder, Chief Executive Officer, Benjamin S. Levin.

Name

Work History

Title

Status

Benjamin S. Levin

Insight Partners, Greenwich Technology Partners, and Mentmore Holdings Corporation

Founder, Chief Executive Officer

Current

George McCullough

Founder

Current

Glen P. Shields

Controller

Current

Name

Benjamin S. Levin

George McCullough

Glen P. Shields

Work History

Insight Partners, Greenwich Technology Partners, and Mentmore Holdings Corporation

Title

Founder, Chief Executive Officer

Founder

Controller

Status

Current

Current

Current

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