InsurTech Level Raises $27M In Series A Led By Lightspeed And Khosla Ventures

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Level, an insurtech startup that enables employers flexible ways to offer benefits to employees, secured $27 million in a Series A funding round led by Khosla Ventures and Lightspeed Venture Partners, and witnessed participation from existing investors First Round Capital and Homebrew.

Founded in 2018 by Paul Aaron, New York City-based Level says it’s “rebuilding insurance from the ground up” via flexible networks and real-time claims with the goal of helping employers and employees get the most out of their benefit dollars.

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