Level Technology
“Can a technology platform replace legacy benefits administration infrastructure by giving employers real-time, fully customizable health and financial benefits?”
Founded2018
HQNew York, New York, United States
Total raised$27M+
Latest roundSeries B
IndustryVertical SaaS / Healthcare
The story
Founded in 2018, Level set out to rebuild employer-sponsored insurance and benefits from the ground up using real-time claims processing and flexible network design. Rather than replacing insurers directly, Level operates as a technology layer enabling employers to customize benefit plans, offering features like 100% treatment coverage and real-time spending visibility. The company targets the employer benefits stack — positioning between insurers, employers, and employees — and has secured a banking relationship with Piermont Bank to support financial product delivery.
Last 12 months
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Product timeline
2018
Level founded in New York City as a technology company focused on rebuilding employer benefits infrastructure.· pivot
2021
Raised $27M Series A led by Khosla Ventures and Lightspeed Venture Partners to build flexible insurance and benefits products for employers.· banking
Same company
Level Technology was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
The stack
2 layers disclosed in Level Technology’s embedded-finance stack
Banking / BaaS
Sponsor bank
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.