Levitate

Overview

Levitate, founded in 2017 by Jesse Lipson, is a SaaS platform designed to foster authentic communication for relationship-based businesses. Based in Raleigh, North Carolina, Levitate supports small and medium-sized enterprises by offering AI-driven marketing solutions that allow companies to maintain personal customer interactions at scale. The company has raised $55 million in funding, underscoring its robust growth trajectory and commitment to enabling businesses to nurture relationships through personalized communication.

Recent Developments

  • August 2024: Levitate completed its Series D funding round, raising $15 million, led by Harbert Growth Partners, Northwestern Mutual Future Ventures, and Bull City Venture Partners. This brings the total funding to $55 million, highlighting potential expansion into new verticals such as financial services, legal, and non-profits.
  • July 2024: Integration with DonorPerfect, a fundraising software, was completed. This allows seamless synchronization between Levitate and DonorPerfect, enhancing data management for businesses.
  • June 2024: Product enhancements included customizable booking pages and improved tagging mechanisms for contacts, aimed at providing more personalized user experiences.
  • April 2023: A significant $14M funding round was closed to boost the company's Happiness Platform. The new capital further supports the development of their AI capabilities for enhanced relationship management.
  • 2023: Levitate was named the 66th fastest-growing private software company in America by Inc. 5000, reinforcing its rapid expansion and industry impact.

Company Information

AttributeInformation
Founding Date2017
HeadquartersRaleigh, North Carolina, USA
FoundersJesse Lipson
RevenueInformation not publicly available
ProfitsInformation not publicly available
Key InvestorsHarbert Growth Partners, Northwestern Mutual Future Ventures, Bull City Venture Partners
IndustrySoftware as a Service (SaaS)
Number of EmployeesOver 200

Early History

Levitate commenced as an endeavor by Jesse Lipson, capitalizing on his experience from his previous venture, ShareFile, which he sold to Citrix. The creation of Levitate was driven by a recognition of the need for scalable, yet personal, client communication solutions for small businesses. Initially, the platform concentrated on email marketing but quickly expanded to include AI-driven content creation and social media management. Within its first year, Levitate established itself firmly, leveraging data analytics to offer actionable insights to businesses.

Company Profile and Achievements

Levitate's platform is fundamentally built to enhance relationship marketing. It combines AI with traditional outreach methods, offering tools for email marketing, social media interactions, and client management.

  • Key Milestones:
    1. 2017: Foundation and early development of the platform.
    2. 2019: Expansion into new features like AI-generated content and social media posting capabilities.
    3. 2020: Growth in customer base, supporting thousands of SMEs across various sectors.
    4. 2023: Listed as one of the fastest-growing private companies by Inc. 5000.
    5. 2024: More integrated solutions and significant market penetration in new sectors.

Levitate continues to present a robust suite of features tailored for relationship-driven businesses. These include scheduling tools, AI content creation, automated reminders, and integrated data analytics, positioning Levitate as a versatile platform for SMEs.

Current Operations and Market Position

Levitate’s current operations focus on extending its market influence across multiple sectors. The company is actively enhancing its platform with new integrations and AI advancements, catering to the evolving needs of various industries oriented towards personal connections. With over 200 employees, Levitate is effectively scaling its operations globally, providing solutions for customer communication across continents. The company’s strong emphasis on personalized interaction gives it a competitive edge in the SaaS market, driving engagement and retention for its users.

Conclusion

Levitate has carved out a critical niche by addressing the demand for personalized business communication through its sophisticated AI-driven offerings. The company's consistent growth and its expansive service offerings demonstrate its capacity to adapt and thrive. As it continues to integrate innovative features and expand its market footprint, Levitate is positioned to further influence the modern relationship-based marketing landscape, promising ongoing benefits for businesses invested in authentic client engagement.

References

  1. Levitate AI Official Site
  2. PR Newswire: Levitate Series D Funding
  3. TechCrunch: Levitate Funding History
  4. Levitate AI Blog on Product Updates
  5. SaaSworthy: Levitate Software Overview
  6. PR Newswire: Levitate Growth Recognition
  7. LinkedIn: Company Overview of Levitate
  8. Apollo.io: Levitate Services Overview
  9. PitchBook: Levitate Company Profile
  10. Capterra: Levitate Features and Reviews