Fintech startup Levr.ai lands C$1m in pre-seed financing

• Other included Weave VC, AC100 VC and Red Thread Ventures, Teal Linde, Emily Davies and Paul Podolny
• Levr.ai has developed its technology for all types of small businesses, from Mom-and-Pop shops to online retailers and software companies

Levr.ai, a Vancouver-based financial technology startup focused on helping businesses access and manage loans, has secured C$1 million in pre-seed financing.

The round was led by Sprout.vc and Mavan Capital Partners. Other angel and venture capital investors included Weave VC, AC100 VC and Red Thread Ventures, Teal Linde, Emily Davies and Paul Podolny.

Levr.ai was founded by Kaylan Pepin and Roman Hartmann. Levr.ai has developed its technology for all types of small businesses, from brick-and-mortar Mom-and-Pop shops to online retailers and software companies. It has established partnerships with lending partners to offer a wide range of funding options, including business term loans, receivables financing, merchant cash advances and venture debt.

The company will use the round’s proceeds to invest in the existing team and expand its reach to service US-based businesses.

Said CTO Hartmann on the fundraising, “We have the opportunity to provide businesses with unparalleled control and insight into their own capital with our software.”