Both Levy and Weiss sit on the Board of Simparel. The funds will accelerate the continued product development of both the core platform and the new Software as a Service (SaaS) offering. The funds will also be used for sales and marketing.
Levy and Weiss add: “L Capital Partners welcomes the opportunity to make another investment in New York City, our own backyard. Not only is Simparel based in New York, but it is built around a business that is based in New York. It is important to us to fund companies in New York.”
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