They offered to acquire Employer.com, a fintech startup that shut down last week after failing to find a buyer, according to Information.
But Level is still mulling the offer, its Employer.com CMO Matt Charney told TechCrunch. “It’s legal,” he said.
Founded in 2018 by early Square employee Paul Aaron, Level raised a $30.8 million funding round from high-profile investors like Lightspeed Venture Partners and Khosla Ventures. In April 2021, the startup announced A $27 million Series A. It offered dental and vision benefit products to the companies, which were told last week they would have to find other suppliers.
The offer to acquire a folded startup is the second by Employer.com in a week. On December 30, TechCrunch broke the news that accounting startup Bench had locked out thousands of customers from their accounts. sudden stop Days ago, would acquired by Employer.com for an undisclosed price in a last-minute deal. The details were still there Hammer out As of last week.
According to some staff, the bench has reportedly struggled somewhat in recent years due to pressure to embrace AI and other automation tools. It is not clear what exactly caused Level’s death.
TechCrunch reporter Charles Rowlett contributed to this piece.
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