“Can employer benefits infrastructure be rebuilt as embedded financial products that give employees and employers real-time, flexible control over healthcare spending?”
Founded in 2018, Level set out to rebuild employer benefits and insurance infrastructure by offering flexible networks, real-time claims, and customizable plan design to employers. The company positions itself as a technology company making financial products for employers, with a focus on enabling employees to access and spend their benefit dollars more efficiently. Level has attracted backing from top-tier VCs and has grown to a reported 101-250 employees, operating at the intersection of embedded insurance and employer benefits fintech.
Level is founded in 2018 and headquartered in New York, New York, USA.
Level has raised $27M+ (Series A disclosed; Series B referenced) in total (latest round: Series B; valuation: nine-figure (Series A, 2021)).
Get a read on where your own stack stands against Level and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.