Stablecoin Infrastructure Startup Levl Secures $7 Million Seed Funding

Levl announces $7 million seed round led by Galaxy Ventures to expand operations in Latin America and Africa, serving over 20 clients with $1B+ in annualized transaction volume.

Summary

Levl, a stablecoin infrastructure startup, officially announced it has raised $7 million in seed funding led by Galaxy Ventures, with participation from Protagonist, Deus X, and Blockchain Builders Fund. The company plans to double its workforce and expand into Latin America and Africa, targeting these regions as key growth markets for stablecoin use. Currently, Levl serves more than 20 clients and processes over $1 billion in annualized transaction volume.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as the U.S. dollar, to reduce price volatility.
  • Seed Funding: Early-stage capital provided to startups to support initial development and market entry.
  • Transaction Volume: The total value of all transactions processed over a specific period.