Auxo Firm Directory · Independent Research Profile

Level Equity

Level Equity is a lower middle market private investment firm founded in 2009. Its principal businesses are Growth Equity and Structured Capital, and it provides strategic and operational support through its NextLevel Operations platform.

Key takeaway

What stands out about Level Equity

Level Equity publicly focuses on rapidly growing, capital-efficient software and technology-enabled businesses in the lower middle market. Its Growth Equity strategy can make minority or majority investments, while Structured Capital provides flexible credit and structured equity solutions with transaction sizes between $3 – $30M.[1][2][3]

What does Level Equity invest in?

Level Equity is a lower middle market private investment firm founded in 2009 and headquartered at 140 East 45th Street, 42nd Floor, New York, New York 10017.

The firm operates two principal investment businesses: Growth Equity and Structured Capital. It also provides hands-on strategic and operational support through its NextLevel Operations platform.[1][2]

Level Equity invests in rapidly growing, capital-efficient software and technology-enabled businesses in the lower middle market. The firm describes its approach as a bespoke partnership with founders and managers.

Growth Equity can involve minority or majority investments, depending on the needs of the company and its founders. Structured Capital provides flexible credit and structured equity solutions, with transaction sizes between $3 – $30M.[2]

Owners evaluating a financial buyer can compare the offer with independent valuation analysis, understand how acquirers approach transactions through Auxo’s buy-side M&A process guide, and consider whether a full or partial sale best fits their objectives.

Public size / criteria information

The firm states that Growth Equity companies typically have $5M+ of recurring revenue, little institutional capital raised to date, and dynamic founders and managers. Its Structured Capital strategy states that transaction sizes are between $3 – $30M. The official homepage states that Level Equity has $6.5B in assets under management and has made over 125 investments.[1][2]

What should a business owner evaluate before considering a transaction with Level Equity?

An owner evaluating Level Equity can compare the company’s profile with the firm’s stated focus on rapidly growing, capital-efficient software and technology-enabled businesses, its $5M+ recurring-revenue Growth Equity criterion, and its Structured Capital transaction range of $3 – $30M.

The firm publicly describes minority and majority Growth Equity investments alongside structured equity and credit solutions. Owners should clarify which strategy would evaluate the business, the applicable capital range, the intended ownership structure, governance terms, and any rollover or management-retention expectations.

The Level Equity portfolio page does not publish company-specific entry valuation, investment amount, ownership percentage, or consideration terms, so those points require direct confirmation for a particular opportunity.[2][3]

Which current Level Equity strategy would evaluate the business: Growth Equity or Structured Capital

Level Equity publicly describes Growth Equity and Structured Capital as its two principal investment businesses.[2]

What are the current minimum and maximum equity or structured-capital check sizes for the applicable strategy

The Structured Capital strategy states transaction sizes between $3 – $30M, while the Level Equity business page does not publish a universal minimum equity check size for every strategy.[2]

Would the applicable strategy contemplate a minority or majority investment, and what ownership structure would be considered

Level Equity states that its Growth Equity strategy can make both minority and majority investments, depending on the needs of the company and its founders.[2]

What companies does Level Equity target?

Level Equity states that companies considered for Growth Equity typically have $5M+ of recurring revenue, little institutional capital raised to date, and dynamic founders and managers.

The firm also describes its investment focus as rapidly growing, capital-efficient software and technology-enabled businesses in the lower middle market.[2]

Level Equity states that it focuses on lower middle market B2B software and on non-cyclical industries with growing technology spend and durable business models.[1]

Level Equity states that its investment partnerships span North America, Europe and Israel, and Australia and New Zealand.[2]

Level Equity’s public descriptions establish its Growth Equity and Structured Capital strategies but do not establish a specific platform-and-add-on acquisition program.[2]

Level Equity’s official portfolio page lists more than 100 technology companies. The page provides filters for active, partial-exit and exited status; Growth Equity and Structured Capital strategies; sector; and geography.[3]

Level Equity identifies Real Life Sciences as exited in February 2025 and acquired by MediSpend. It identifies WorkHound and Prismm, formerly known as AllSeated, as exited in April 2025.

Level Equity’s 2025 year-in-review page reports 9 new investments, 16 follow-on investments, 11 liquidity events across its Equity and Structured Capital businesses, and $1.6B+ of capital commitments closed.[4][5][6][7]

What is not clear from Level Equity's public investment criteria?

The cited Level Equity portfolio page does not publish entry valuation, investment amount, ownership percentage, or consideration terms for each listed portfolio company.

The cited Level Equity business page states general Growth Equity criteria and Structured Capital transaction sizing but does not publish a universal minimum equity check size for every strategy.[2][3]

Questions to ask when evaluating Level Equity as a buyer or investment partner

Which current Level Equity strategy would evaluate the business: Growth Equity or Structured Capital?

Level Equity publicly describes Growth Equity and Structured Capital as its two principal investment businesses.[2]

What are the current minimum and maximum equity or structured-capital check sizes for the applicable strategy?

The Structured Capital strategy states transaction sizes between $3 – $30M, while the Level Equity business page does not publish a universal minimum equity check size for every strategy.[2]

Would the applicable strategy contemplate a minority or majority investment, and what ownership structure would be considered?

Level Equity states that its Growth Equity strategy can make both minority and majority investments, depending on the needs of the company and its founders.[2]

How does Level Equity define recurring revenue and assess the quality of growth?

Growth Equity companies typically have $5M+ of recurring revenue, and the firm describes its focus as rapidly growing, capital-efficient businesses.[2]

What rollover, governance, board, veto and management-retention terms would apply to the proposed transaction?

Level Equity describes a partnership approach with founders and managers and supports both minority and majority investments; its public descriptions do not establish transaction-specific governance or retention terms.[2]

What acquisition financing or add-on capital, if any, is available under the applicable strategy?

Level Equity publicly describes flexible credit and structured equity solutions, but its public descriptions do not establish a specific add-on financing program.[2]

What liquidity pathways and reinvestment expectations apply to the proposed investment?

Level Equity reports liquidity events and identifies portfolio companies with active, partial-exit and exited statuses, while its public descriptions do not establish transaction-specific liquidity or reinvestment terms.[3][7]

Which portfolio companies or operating resources could support the business through NextLevel Operations?

Level Equity states that it provides hands-on strategic and operational support through its NextLevel Operations platform and maintains a portfolio of more than 100 technology companies.[2][3]

Sources & research notes

Public-source research

Prepared and reviewed by: Auxo Capital AdvisorsEvidence standard: Public-source verification

How this profile was researched

Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.

Independent profile & regulatory context

Independent research profile

This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.

Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.

Broker-dealer and securities disclosure

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