Levitate Raises $16M for Relationship AI
Levitate, an AI-powered marketing platform for relationship-based businesses like financial advisors and real estate agents, has raised $16 million in a new funding round. The investment, led by Harbert Growth Partners, will be used to expand its AI capabilities for its 8,000+ business clients.
This latest funding round brings Levitate's total capital raised to over $55 million since its founding in 2017. The company, started by serial entrepreneur Jesse Lipson, previously founded and sold ShareFile to Citrix. Levitate is headquartered in Raleigh, North Carolina. The Series D round was co-led by Harbert Growth Partners, Northwestern Mutual Future Ventures, and Bull City Venture Partners. Harbert Growth Partners focuses on investing in emerging growth-stage technology companies located outside of traditional tech hubs. Levitate's platform is designed to help businesses that rely on strong client relationships, such as those in insurance, wealth management, and real estate, to foster authentic communication. The company's tools go beyond email marketing to include texting, social media, handwritten cards, and survey generation. With the new capital, Levitate plans to enhance its AI-powered "Happiness Platform." The company's AI assistant already helps users with writing and editing content, and the new funding will further expand these capabilities to deepen personal connections at scale.
