New York-based Levels, a healthcare firm focused on a so-called metabolic crisis, has announced raising $10 million from a Series A extension. The round included $3 million in crowdfunding from more than 2,000 investors, as well as investments from West Coast’s Long Journey and a16z, Marc Andreessen’s venture firm. In its initial Series A round, Levels raised $5 million via crowdfunding.
Previous investors in Levels include Andrea Funsten (Basecamp Fund), Ben Gilbert and David Rosenthal, hosts of Acquired Podcast, newsletter producer Lenny Rachitsky and the Airbnb Alumni Syndicate.
‘Answer to Defining Crisis’
Founded in 2019, Levels helps members improve their metabolic health via a mobile app that tracks a number of health parameters and food intake. Andressen, a legendary investor and founder of Netscape browser, calls the startup “an immediate answer for the metabolic health crisis, the defining health crisis of our era.”
Levels says its app combines “best-in-class AI-powered food logging and macro tracking with powerful accountability features like Habit Loops to help users understand what foods and lifestyle choices work best for their bodies.”
“Consumers want to take their health into their own hands, and Levels’ expertise, data science, and guidance through the app allows them to see real improvement, whether or not they’re wearing a CGM [continuous glucose monitor],” said Levels co-founder Josh Clemente, a mechanical engineer who previously worked at Elon Musk’s Space X and Hyperloop One. “This is how we start to address metabolic health at scale.”
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All About Empowerment
Levels was founded in 2019 as a remote-first company by Clemente, Casey Means, M.D., who serves as the company’s chief medical officer, former Google engineers Andrew Conner and David Flinner, and CarDash founder Sam Corcos, who heads Levels as CEO.
The startup targets an estimated 40 million Americans with diabetes, and an additional 88 million with prediabetes. With continuous monitoring and several other features, the Levels app empowers people to make smart food and lifestyle choices.
“Simply tracking meals isn’t enough,” said Corcos, who spent two years as an intern at UC Davis Medical Center’s oncology department. “That’s why Levels goes beyond basic food logging to actually show you how these choices affect your health, and what you should do to achieve your goals. Our members see results.”
