About Levitate
Levitate is a company based in Raleigh (United States) founded in 2017. It operates as a SaaS (Software-as-a-Service), and Managed Services. Levitate has raised $55 million across 6 funding rounds from investors including Northwestern Mutual, Duke University and Harbert Management. The company has 95 employees as of December 31, 2020. Levitate offers products and services including Happiness Platform, Email Marketing, and Social Media Management. Levitate operates in a competitive market with competitors including Adobe, HubSpot, Sprinklr, SEMrush and ActiveCampaign, among others.
- Headquarter Raleigh, United States
- Employees 95 as on 31 Dec, 2020
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Sectors
Real Estate & ConstructionTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Real Magic
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Annual Revenue
$411.32 (USD)0as on Dec 31, 2017
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Net Profit
$-431.65 (USD)0as on Dec 31, 2017
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EBITDA
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Total Equity Funding
$55 M (USD)
in 6 rounds
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Latest Funding Round
$15 M (USD), Series D
Aug 08, 2024
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Investors
Northwestern Mutual
& 11 more
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Employee Count
95
as on Dec 31, 2020
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Products & Services of Levitate
Levitate offers a comprehensive portfolio of products and services, including Happiness Platform, Email Marketing, and Social Media Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for authentic communication and relationship marketing.
Tool for sending personal emails at scale.
Tool for scheduling industry-specific social media posts.
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Funding Insights of Levitate
Levitate has successfully raised a total of $55M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $15 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $15.0M
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First Round
First Round
(20 Jun 2019)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series D - Levitate | Valuation | Northwestern Mutual , Harbert Management |
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| Apr, 2023 | Amount | Series C - Levitate | Valuation | Bull City Venture Partners | |
| Sep, 2022 | Amount | Series B - Levitate | Valuation | Bull City Venture Partners , Tippet Venture Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Levitate
Levitate has secured backing from 12 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Northwestern Mutual, Duke University and Harbert Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Infrastructure, hedge, private equity, and debt fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided for B2B software founders.
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Levitate
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Levitate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Levitate Comparisons
Competitors of Levitate
Levitate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Adobe, HubSpot, Sprinklr, SEMrush and ActiveCampaign, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered platform manages marketing creatives and customer journeys.
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| domain | founded_year | HQ Location |
Provider of AI-powered customer relationship management software
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| domain | founded_year | HQ Location |
Cloud-based customer experience management software is provided for brands.
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| domain | founded_year | HQ Location |
Cloud-based marketing platform for businesses
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| domain | founded_year | HQ Location |
Sales, CRM, and email marketing automation software is provided.
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| domain | founded_year | HQ Location |
Predictive intelligence is delivered for sales and marketing teams.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Levitate
Frequently Asked Questions about Levitate
When was Levitate founded?
Levitate was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Levitate located?
Levitate is headquartered in Raleigh, United States. It is registered at Raleigh, North Carolina, United States.
Is Levitate a funded company?
Levitate is a funded company, having raised a total of $55M across 6 funding rounds to date. The company's 1st funding round was a Series B of $6M, raised on Jun 20, 2019.
How many employees does Levitate have?
As of Dec 31, 2020, the latest employee count at Levitate is 95.
What is the annual revenue of Levitate?
Annual revenue of Levitate is $411.32 as on Dec 31, 2017.
What does Levitate do?
Levitate is engaged in providing a marketing platform called the Happiness Platform, designed for relationship-based businesses across industries such as insurance, financial, legal, accounting, nonprofit, mortgage, real estate, and home services. Solutions are offered to enable personalized communication at scale, including email marketing, social media management, texting, websites, handwritten cards, and surveys. Support is provided through dedicated success specialists and AI-driven tools to ensure authentic engagement. The platform is tailored to help businesses build lasting relationships with clients, donors, and prospects through data-driven strategies and measurable results.
Who are the top competitors of Levitate?
What products or services does Levitate offer?
Levitate offers Happiness Platform, Email Marketing, and Social Media Management.
Who are Levitate's investors?
Levitate has 12 investors. Key investors include Northwestern Mutual, Duke University, Harbert Management, Bull City Venture Partners, and Tippet Venture Partners.
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