About Level One Fund
Level One Fund is a venture capital firm founded in 2019. It is primarily based out of New York City, United States. As of May 2025, Level One Fund has invested in 29 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Retail to Consumer and Enterprise Applications. Most recently it participated in the $***** Seed round of Mura Overall, Level One Fund portfolio has seen 7 unicorns, 2 IPOs and 5 acquisitions including key companies like Klarna, Genies and Synthego. A lot of funds co-invest with Level One Fund, with names like UBS sharing a substantial percentage of its portfolio. Level One Fund has team of 5 people including 5 partners.Key Metrics
Level One Fund's List of Top Investments
Level One Fund has a portfolio of 29 companies, including 7 unicorns. Their most notable investments are in Mura and Endless West.Their portfolio spans across United States, China, Sweden and 1 more locations. They have invested in Retail, Consumer, Enterprise Applications and 16 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Level One Fund:
1. Klarna
Developer of an online platform for point-of-sale financing. It enables users to purchase products within the partnered merchant network and split the cost of the purchase from the stores into interest-free payments and also works in-store. It also enables users to make instalment payments by credit or debit cards on retail purchases, receive price changes, and deal alerts. Its mobile application is available on Android and iOS platforms.
Key facts about Klarna
- Founded Year: 2005
- Location: Stockholm (Sweden)
- Stage: Public
- Total Funding till date: $4.19B
- Employee Count: 4,585 as on May 31, 2026
- Investors: TCV, SeedFord Partners and 136 Others
- Latest Funding Round: Conventional Debt, Aug 21, 2025, $*****
- Highlight: Public
2. Genies
Developer of tools for creating customizable, intelligent, and dynamic characters. The company provides software development kits that allow integration of avatars into applications and games. These avatars are visually expressive and emotionally responsive. The tools facilitate asset compatibility, cross-platform performance, and persistent identity across experiences.
Key facts about Genies
- Founded Year: 2011
- Location: Los Angeles (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $276M
- Employee Count: 238 as on May 31, 2026
- Investors: Silver Lake, Scale Up Venture Capital and 74 Others
- Latest Funding Round: Series C, May 02, 2022, $*****
- Highlight: Editors' Pick
3. Synthego
Developer of CRISPR-engineered cell and gene therapies. Their flagship product "CRISPR evolution", is a portfolio of synthetic guide RNA designed for CRISPR genome editing and research. Its products include CRISPR/Cas9 EZ RNA kit in either a single guide RNA format, or a two-part tracrRNA format and optional chemical modifications, full-length synthetic RNAs, and screening libraries based on the CRISPRevolution platform. It uses extensive automation in its production pipeline. The company is working in collaboration with many universities to conduct CRISPR research in applications such as stem cells, primary human cells, and mouse embryos.
Key facts about Synthego
- Founded Year: 2012
- Location: Redwood City (United States)
- Stage: Acquired
- Total Funding till date: $460M
- Employee Count: 170 as on May 31, 2026
- Investors: AME Cloud Ventures, Menlo Ventures and 30 Others
- Latest Funding Round: Series E, Feb 17, 2022, $*****
- Highlight: Acquired
4. Rescale
Provider of high performance computing platform for engineering and science. The platform offers solutions for simulation, data management, and workflow automation. It serves industries including aerospace, automotive, energy, and life sciences. The platform also provides resources for IT, engineering, and executive roles, with use cases in AI/ML, digital twin technology, and cloud solutions.
Key facts about Rescale
- Founded Year: 2011
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $369M
- Employee Count: 237 as on May 31, 2026
- Investors: Samsung Catalyst Fund, Deep Learning and 71 Others
- Latest Funding Round: Series D, Apr 07, 2025, $*****
- Highlight: Editors' Pick
Provider of rental equipment, tools, and technology for jobsite solutions. The company offers equipment rental services across multiple categories. These categories include earthmoving, aerial work platforms, forklifts, landscaping, and compressed air equipment. It also provides new and used equipment for sale, along with parts and service. The company delivers technology solutions for jobsite management, safety, and productivity.
Key facts about EquipmentShare
- Founded Year: 2014
- Location: Columbia (United States)
- Stage: Public
- Total Funding till date: $806M
- Employee Count: 4,101 as on May 31, 2026
- Investors: 10x Group, Trinity Capital and 53 Others
- Latest Funding Round: Series E, Sep 13, 2023, $*****
- Highlight: Public
Level One Fund's Year-on-Year Investment Trends
Level One Fund has invested in 29 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 2 investments. Its most recent first time investment was in Mura and most recent follow-on round was in Voyage Foods.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 0 | 1 | 1 |
2023 | 0 | 1 | 1 |
2022 | 5 | 0 | 5 |
2021 | 1 | 0 | 1 |
Level One Fund's Investments by Stage
Level One Fund has made 3 investments in Seed stage with an average round size of $8.46M, 2 investments in Series A stage with an average round size of $21M, 2 investments in Series B stage with an average round size of $25.5M and 1 investment in Series C stage with an average round size of $60M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 2 |
Series B | 2 |
Series C | 1 |
Note: We have considered here, only first round of investments
Level One Fund's Investments by Sector
Level One Fund has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Food and Agriculture and Food and Agriculture Tech. Notably, it has invested in 27 Tech companies, 16 Enterprise (B2B) companies, 15 Consumer (B2C) companies and at least 8 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Consumer | 2 |
FinTech | 1 |
Food and Agriculture | 1 |
Food and Agriculture Tech | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Level One Fund's Investments by Geography
Level One Fund has made most investments in United States (8).Level One Fund's recent investments
Level One Fund has not made any investment in 2026 so far.Here are the most recent investments by Level One Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 20, 2025 | United States | Seed | 2627 | ||
Jan 30, 2025 | United States | Seed | 3256 | [+11] | |
May 08, 2024 | United States | Series A | 9536 | [+3] | |
Dec 19, 2023 | United States | Series A | 3240 | ||
Dec 14, 2022 | United States | Series A | 8421 | [+5] |
Unicorns in Level One Fund's Portfolio
Level One Fund has 7 unicorns in its portfolio - Genies, dutchie, Pipe and others. The most recent unicorn in their portfolio is Genies. It became a unicorn in 2022, 4 years before Level One Fund first invested in it.Here is a list of unicorns in Level One Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
75 | Developer of tools for creating customizable, intelligent, and dynamic characters | 2011 | Los Angeles | Series C | b{vsukk | ||
58 | Online marketplace for cannabis products | 2017 | Bend | Series D | xulxziz | ||
66 | Online revenue-based financing marketplace for SaaS businesses | 2019 | Los Angeles | Series C | cgmwyrs | ||
67 | Manufacturer of plant-based egg substitutes | 2011 | San Francisco | Series F | mnslf{j | ||
33 | Provider of chain community for supermarket brand operator | 2009 | Changsha | Funding Raised | imgfbja |
IPOs and Publicly Listed companies in Level One Fund's Portfolio
2 of Level One Fund's portfolio companies have become public. EquipmentShare got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jan 2026 at marketcap of $5.24B and Klarna got listed on the New York Stock Exchange (NYSE) at marketcap of $15.1B.Here are Level One Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 23, 2026 | - | - | 3005 | |
Sep 10, 2025 | - | - | 2897 |
Acquired companies in Level One Fund's Portfolio
5 companies from Level One Fund's portfolio have been acquired. The most recent acquisition was Mura in Jun 2026 by ServiceTrade for $*****.Here are Level One Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 30, 2026 | May 20, 2025 | Seed | 9432 | |
Oct 28, 2025 | Jul 29, 2022 | Seed | 4689 | |
Jun 26, 2025 | - | - | 7766 | |
Aug 06, 2024 | - | - | 2177 | |
Mar 16, 2021 | - | - | 4654 |
Team profile of Level One Fund
Level One Fund has a team of 5 members including 5 Partners located in United States. Level One Fund's team does not sit on the board of any company as of now.Here is a list of all team members in Level One Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | - | - | ||
Partner | Miami | - | ||
Partner | New York City | - | ||
Partner | Greenwich | - |
Co-investors of Level One Fund
Over the past 5 years, 53 investors have co-invested in Level One Fund's portfolio companies. This includes funds and angels.
- Invested before Level One Fund: Lerer Hippeau, Two Sigma Ventures and 9 others have invested in rounds before Level One Fund. There are 2 companies where Lerer Hippeau has invested before Level One Fund and 1 company where Two Sigma Ventures has invested before Level One Fund.
- Top Co-investors of Level One Fund: 38 investors entered a company along with Level One Fund. These include investors like UBS (3 companies).
- Invested after Level One Fund: A total of 4 investors have invested in Level One Fund's portfolio after their investments. Top Investors include Nimble Partners (1 company), Collab Fund (1 company) and SOSV (1 company).
Recent News related to Level One Fund
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Final Round AI Secures $6.88M in Oversubscribed Seed Funding to Transform the Job Search Journeyintelligence360•Feb 07, 2025•Final Round AI, Uncork Capital, HF0, Linear Venture and 10 others
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Voyage Foods raises $52 million for coffee and cocoa alternativesphilanthropynewsdigest.org•May 17, 2024•Voyage Foods, Gunderson Dettmer, Level One Fund, Horizons Ventures and 3 others
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Voyage Foods secures $52 million in future-proof, allergen-free foodsvegconomist•May 12, 2024•Voyage Foods, Level One Fund, Horizons Ventures, SOSV and 2 others
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Voyage Foods Raises $52M for “One-of-a-Kind” Future-Proof FoodsVegan Business Magazine•May 09, 2024•Voyage Foods, Horizons Ventures, Nimble Partners, Collab Fund and 2 others
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Oakland startup Voyage Foods making coffee, chocolate without the beans raises millions in fresh fundingThe Business Journals•Jan 03, 2024•Voyage Foods, Valor Equity Partners, Horizons Ventures, UBS and 1 other
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Voyage Foods raises $36m to develop synthetic peanut, cocoa, and coffee productsWorld Coffee Portal•Jul 31, 2023•Voyage Foods, UBS, Level One Fund, Horizons Ventures and 2 others
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Kompliant secures $14M to help companies tackle financial compliance challengesTechCrunch+•Jul 29, 2022•Kompliant, Level One Fund
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Voyage Foods captures US$36M to accelerate “allergen alternatives” to peanut, cacao and coffee productsFoodIngredientsFirst•May 06, 2022•Voyage Foods, UBS, Level One Fund, Horizons Ventures and 4 others
