“Can lien-rights management become the payment operating system for the $1T construction industry, and can that visibility fuel embedded lending against unpaid invoices?”
Founded in 2007 as zlien, a legal-tech tool for mechanics lien filings in the construction industry. Rebranded to Levelset in 2018 as it broadened into a full construction payment platform — notices, waivers, pay apps, and lien rights management. Layered embedded finance (Levelset Capital invoice factoring and Materials Financing) on top around 2019-2020 to monetize the payment risk data it had accumulated. Acquired by Procore in 2021 for $484M, making it the payments/lien-rights arm of the broader Procore construction management platform.
Levelset processes payments through Stripe.
Levelset's lending and capital products are provided by Levelset Capital (in-house).
Levelset integrates with QuickBooks Online, QuickBooks Desktop and Procore.
The Embedded Finance Index 2026 maps 3 layers in Levelset's stack: Payments / PSP (Stripe); Lending (Levelset Capital (in-house), Levelset Capital (invoice/receivables purchase, up to 90% advance) and Materials Financing); Accounting (QuickBooks Online, QuickBooks Desktop and Procore).
Levelset was founded by Scott Wolfe Jr. and is founded in 2007, headquartered in New Orleans, Louisiana, United States.
Levelset has raised $47M (pre-acquisition) in total (latest round: Series C, 2019; valuation: $484M (acquisition by Procore, 2021)).
Get a read on where your own stack stands against Levelset 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.