Where is Level39's headquarters located?

Level39's headquarters is located in London (United Kingdom).

How many companies has Level39 invested in?

Level39 has invested in 90 companies, including Behavox & Smile2impress.

Which companies has Level39 invested in lately?

Salt Edge & Behavox are the latest investments by Level39.

How many exits has Level39 been involved in?

Level39's portfolio has seen 4 IPOs and 7 acquisitions.

Level39 - 2026 Investor Profile, Portfolio & Investment Trends

1. Behavox

Provider of AI-driven platform for regulatory compliance and risk management. The platform offers solutions for regulatory archiving, communications surveillance, and front office analytics. It also provides tools for alerts review, training, certification, and policy management. The platform delivers insights, streamlines workflows, and offers reporting capabilities. It transforms data into actionable insights to safeguard and enhance business operations.

Key facts about Behavox

Founded Year: 2014
Location: London (United Kingdom)
Annual Revenue: £47.3M as on Dec 31, 2025
Valuation: $*****
Stage: Series B
Total Funding till date: $168M
Employee Count: 209 as on Apr 30, 2026
Investors: Hercules Capital, Google and 30 Others
Latest Funding Round: Venture Debt, Oct 31, 2024, $*****
Highlight: Editors' Pick

2. Smile2impress

Key facts about Smile2impress

Founded Year: 2018
Location: Barcelona (Spain)
Stage: Series C
Total Funding till date: $273M
Employee Count: 968 as on Apr 30, 2026
Investors: Trinity Capital, Q Capital and 21 Others
Latest Funding Round: Series C, Nov 12, 2024, $*****

3. GoSolo

App & cloud-based account management and invoicing solutions for small businesses. It offers solutions for spending management, payment management, card management, and more. The app is available for iOS and Android platforms.

Key facts about GoSolo

Founded Year: 2019
Location: London (United Kingdom)
Valuation: $*****
Stage: Seed
Total Funding till date: $2.27M
Employee Count: 10 as on Apr 30, 2026
Investors: Google, SFC Capital and 7 Others
Latest Funding Round: Seed, Jun 11, 2025, $*****
Highlight: Editors' Pick

4. RedCloud

Online marketplace for supply chain financing. It offers a mobile wallet for businesses that enables bulk disbursements, e-commerce payments, and QR code-based contactless payments. Users can top top-up the accounts and withdraw cash at any agent location. It enables financial institutions to offer supply chain financing and insurance products via the marketplace. It also offers software for accounting, invoicing, reconciliation, cash management, and more.

Key facts about RedCloud

Founded Year: 2014
Location: London (United Kingdom)
Stage: Public
Employee Count: 403 as on Apr 30, 2026
Investors: Level39
Latest Funding Round: Post IPO, Jul 03, 2025, $*****
Highlight: Public

5. eSmart Systems

Provider of virtual grid asset inspection and digital inventory solutions. The company offers image-based digital inventory and grid asset intelligence services. It delivers digital approvals and access permits. The company partners with power grid operators to advance asset risk mitigation strategies. It helps identify vulnerabilities and uses data analytics to locate assets in high-risk zones. The company equips field teams with visual and risk-based data before deployment. It offers inspection-as-a-service and software-as-a-service for grid digitalization.

Key facts about eSmart Systems

Founded Year: 2012
Location: Halden (Norway)
Stage: Series B
Total Funding till date: $136M
Employee Count: 99 as on Apr 30, 2026
Investors: Equinor, Nvidia and 16 Others
Latest Funding Round: Series B, Oct 28, 2024, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Level39 has invested in 90 companies over the last 13 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Salt Edge and most recent follow-on round was in HedgeGuard.

View all investments by Level39

Level39 has made 9 investments in Seed stage with an average round size of $200K and 1 investment in Series A stage with an average round size of $3M.

Here are Level39's investments by stage:

Stage of entry	No. of Investments
Seed	9
Series A	1

Note: We have considered here, only first round of investments

View all investments by Level39

Level39 has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Blockchain Technology, Enterprise Infrastructure and Vertical SaaS. Notably, it has invested in 60 Tech companies, 56 Enterprise (B2B) companies, 36 Software companies and at least 21 companies focusing on Consumer (B2C).

Here are Level39's investments by sector:

Sector	No. of Investments
FinTech	8
Enterprise Applications	5
Blockchain Technology	2
Enterprise Infrastructure	2
Vertical SaaS	2
Others	5

Note: We have considered here, only first round of investments

View all investments by Level39

Level39 has made most investments in United Kingdom (4), followed by Canada where it has made 2 investments.

Here are Level39's investments by geography:

Country	No. of Investments
United Kingdom	4
Canada	2
United States	2
Ireland	1
Norway	1

Note: We have considered here, only first round of investments

View all investments by Level39

Level39 has not made any investment in 2026 so far.

Here are the most recent investments by Level39:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Oct 01, 2018	Salt Edge	Canada	Series A	4440	Start-Up Chile
Aug 2015	Behavox	United Kingdom	Seed	9676	-
2015	Moqom	Ireland	Seed	9017	-
2015	Find Exchange	United Kingdom	Seed	9870	-
2015	Senit	United States	Seed	3451	-

See more recent investments made by Level39

4 of Level39's portfolio companies have become public. RedCloud got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Mar 2025 at marketcap of $191M and BTL got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V) at marketcap of $196K.

Here are Level39's portfolio companies that went public:

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Company	IPO Date	First Invested on	First Round of Investment	Round Size
RedCloud	Mar 21, 2025	-	-	4973
BTL	Nov 06, 2015	2015	Seed	6144
Aubay	Jul 29, 1998	-	-	3521
LenderWize	-	-	-	4287

View more details about public companies in Level39's portfolio

7 companies from Level39's portfolio have been acquired. The most recent acquisition was Evelyn in Feb 2026 by NatWest Group for $*****.

Here are Level39's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Evelyn	Feb 09, 2026	-	-	7132
SalaryFits	Sep 17, 2024	-	-	3032
Foxberry	Feb 07, 2024	2015	Seed	4779
Invoke software	May 30, 2023	-	-	8827
Digital Shadows	Jun 01, 2022	-	-	8950

View all acquired companies in Level39's portfolio

Over the past 13 years, 20 investors have co-invested in Level39's portfolio companies. This includes funds and angels.

Invested before Level39: Google and Innovasjon Norge have invested in rounds before Level39. There is 1 company where Google has invested before Level39 and 1 company where Innovasjon Norge has invested before Level39.
Top Co-investors of Level39: Start-Up Chile entered a company along with Level39.
Invested after Level39: A total of 17 investors have invested in Level39's portfolio after their investments. Top Investors include SoftBank Vision Fund (1 company) and Promus Ventures (1 company).