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About Level39

Level39, an accelerator and incubator program founded in 2013, is based in London, United Kingdom. With a presence in 21 countries, it has supported around 90 startups in sectors like Enterprise Applications, FinTech. As of Oct 2026, Level39 has witnessed 11 portfolio exits. Most notable companies in its portfolio include Behavox, Smile2impress and Zeeve. The program primarily supports Seed startups based in United Kingdom. Its latest investment was a $3M Series A round in Salt Edge on Oct 01, 2018 along with Start-Up Chile.
Key Metrics
Founded Year
2013
Location
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Series A
Locations of Investment

Level39's List of Top Investments

Level39 has a portfolio of 90 companies. Their most notable investments are in eSmart Systems and Behavox.Their portfolio spans across United Kingdom, United States, France and 18 more locations. They have invested in Enterprise Applications, FinTech, High Tech and 20 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Level39:
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: £10M - £50M as on Dec 31, 2025
  • Valuation: $*****
  • Stage: Series C
  • Total Funding till date: $343M
  • Employee Count: 198 as on Sep 30, 2026
  • Investors: SoftBank Group, Gen 1 Capital and 32 Others
  • Latest Funding Round: Series C, Jun 17, 2026, $*****
  • Highlight: Editors' Pick

Key facts about Smile2impress

  • Founded Year: 2018
  • Location: Barcelona (Spain)
  • Stage: Series C
  • Total Funding till date: $273M
  • Employee Count: 1,058 as on Aug 31, 2026
  • Investors: Trinity Capital, LBO France and 21 Others
  • Latest Funding Round: Series C, Nov 12, 2024, $*****
Provider of blockchain deployment and management platform for Web3 infrastructure. The platform offers tools for building, customizing, and launching production-grade rollups with low-code, scalable infrastructure. It supports secure, high-availability remote procedure call and validator infrastructure across multiple protocols. The platform provides enterprise-grade data indexing infrastructure to build, deploy, and access blockchain data.

Key facts about Zeeve

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

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: 383 as on Sep 30, 2026
  • Investors: Level39
  • Latest Funding Round: Post IPO, Apr 13, 2026, $*****
  • Highlight: Public

Level39's Investments by Stage

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
Breakdown of Level39's investments by stage of entrySeed (9)Series A (1)
Note: We have considered here, only first round of investments

Level39's Investments by Sector

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 61 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
Breakdown of Level39's investments by sectorsFinTech (8)Enterprise Applic... (5)
Note: We have considered here, only first round of investments

Level39's Investments by Geography

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
Breakdown of Level39's investments by countriesUnited Kingdom (4)Canada (2)
Note: We have considered here, only first round of investments

Level39's recent investments

Level39 has not made any investment in 2026 so far.
Here are the most recent investments by Level39:
Date
Company
Location
Round Details
Round Amount
Co-Investors
Oct 01, 2018
Canada
Series A
8172
Aug 2015
United Kingdom
Seed
6988
-
2015
Ireland
Seed
5633
-
2015
United Kingdom
Seed
6924
-
2015
United States
Seed
2545
-

IPOs and Publicly Listed companies in Level39's Portfolio

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:
Company
IPO Date
First Invested on
First Round of Investment
Round Size
Mar 21, 2025
-
-
2571
Nov 06, 2015
2015
Seed
4376
Jul 29, 1998
-
-
2738
-
-
-
4803

Acquired 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:
Company
Acquisition Date
First Invested on
First Round of Investment
Round Size
Feb 09, 2026
-
-
8739
Sep 17, 2024
-
-
7068
Feb 07, 2024
2015
Seed
9725
May 30, 2023
-
-
8483
Jun 01, 2022
-
-
3817

Co-investors of Level39

Over the past 13 years, 22 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 19 investors have invested in Level39's portfolio after their investments. Top Investors include SoftBank Vision Fund (1 company) and Promus Ventures (1 company).

Recent News related to Level39

•
Ben Brabyn steps down as head of Level39FinTech Futures•Apr 01, 2020•Level39
•
•
FinTech valuations are cooling: acceleratorFinTech Roundup•Dec 13, 2016•Level39
View all news related to Level39

FAQs about Level39

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