Startup profile · funding coverage
Levelset funding, valuation and investors
Construction payment and lien rights management software — acquired by Procore.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Not publicly disclosed
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
Not publicly disclosed
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
acquired
acquired · New Orleans, LA
Overview
Levelset (formerly Express Lien) helps construction stakeholders manage lien rights, compliance, and payment workflows. Headquartered at 1121 Josephine Street, New Orleans, LA. September 2021: Procore Technologies announced a definitive agreement to acquire Levelset for approximately $500M (~$425M cash + ~$75M stock). Operates as part of Procore; New Orleans HQ address still published on Levelset contact pages.
Why Levelset is interesting
New Orleans’ landmark construction-tech exit: Procore agreed to acquire Levelset for ~$500M (2021); HQ remained Josephine Street, New Orleans.
Product & use cases
Lien rights management and construction payment compliance workflows now within Procore’s platform strategy.
- Lien waiver/rights management
- Payment risk reduction
- Construction compliance workflows
Key facts
- Acquired by Procore (2021) for ~$500M
- HQ: 1121 Josephine Street, New Orleans, LA
- Also offices in Austin and Cairo at announcement
- ~300 employees at acquisition; 6.5M+ projects claimed
Funding history (newest first)
Acquisition
2021-09 ~$500M- Procore Technologies (lead)
Competitive landscape
Edge: Category depth in lien/payment workflows plus Procore distribution post-acquisition.
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zlien alternatives / bill.com construction adjacent
Payment/compliance tools.
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Procore native modules incumbent
Parent platform expanding workflows.
Notable stories
- Often cited alongside TurboSquid’s Shutterstock deal as proof NOLA can produce national software exits.
Industries
FAQs about Levelset
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