Professional Role and Current Engagement
Alex Yakubovich is the Co-Founder and Chief Executive Officer (CEO) of Levelpath, an AI-native procurement platform founded in 2022 alongside Stan Garber. Levelpath focuses on transforming enterprise procurement through AI-driven, mobile-first solutions designed to streamline and enhance the procurement experience. Under Yakubovich's leadership, the company has rapidly advanced in the procurement technology space and positioned itself as a next-generation solution provider.
Company Overview and Market Position
Levelpath has secured significant financial backing, underscoring investor confidence in the company's vision and management. The company raised a $44.5 million seed round led by Benchmark Capital in 2023, followed by a $30 million Series A, and most recently a $55 million Series B round led by Battery Ventures in mid-2025. These funds support Levelpath’s mission to revolutionize procurement with autonomous AI agents and innovative platform architectures such as their proprietary Hyperbridge architecture, which bolsters AI-driven procurement capabilities. Levelpath is recognized as a notable vendor in emerging procurement technology markets, including inclusion in Gartner’s 2024 Hype Cycle for Procurement software.
Industry Influence and Thought Leadership
Alex Yakubovich actively represents Levelpath at industry and procurement technology events, frequently highlighting the transformative impact of generative AI and contract intelligence in procurement workflows. In December 2024, Yakubovich spotlighted the rapid adoption trajectory of generative AI, citing surveys showing 92% of Chief Procurement Officers (CPOs) actively planning or evaluating AI integration initiatives. He has delivered keynote addresses, including the May 2025 Connect Plus conference and Levelpath's internal innovation summit, Pathfest 2024, to emphasize the company’s forward-looking AI-native procurement vision.
Previous Experience and Entrepreneurial Track Record
Prior to founding Levelpath, Yakubovich co-founded Scout RFP, a cloud-based sourcing and RFP automation platform, also with Stan Garber. Scout RFP was acquired by Workday in 2019 for approximately $540 million, marking a highly successful entrepreneurial exit. Following the acquisition, Yakubovich held executive roles at Workday including General Manager and Vice President from 2019 through 2020, integrating Scout RFP operations into Workday Strategic Sourcing.
Before Scout RFP, Yakubovich co-founded ONOSYS, a digital ordering platform focusing on the restaurant industry, which grew to become one of the largest providers nationally and was acquired by LivingSocial in 2012. His operational leadership at ONOSYS facilitated significant scaling and market penetration in a competitive SaaS environment.
Educational Background
Alex Yakubovich graduated from Case Western Reserve University in 2007, with a degree in Mechanical Engineering. During his time at Case Western, he collaborated with Stan Garber and others to found initial ventures such as Anosis, an enterprise digital ordering platform, indicating early engagement with technology entrepreneurship.
Key Professional Attributes and Leadership Style
Yakubovich demonstrates a consistent focus on customer-centric innovation and operational excellence, as evidenced by his leadership approach at both Scout RFP and Levelpath. His commitment to leveraging AI to remove traditional procurement friction points reflects a strategic emphasis on delivering business value through cutting-edge technology adoption. Public commentary and event participation reveal his dedication to fostering startup culture innovation and addressing common objections in technology projects related to procurement.
Summary of Relevant Data Points:
- Current Title: Co-Founder & CEO, Levelpath (since May 2022)
- Previous Roles:
- General Manager and Vice President, Workday (post-Scout RFP acquisition)
- Co-Founder and CEO, Scout RFP (founded ~2014, acquired 2019)
- Co-Founder, ONOSYS (acquired 2012)
- Education: Case Western Reserve University, Mechanical Engineering, Class of 2007
- Fundraising:
- $44.5M Seed (Benchmark-led, 2023)
- $30M Series A (Redpoint Ventures-led)
- $55M Series B (Battery Ventures-led, 2025)
- Expertise: AI-native procurement platforms, generative AI adoption, procurement automation, SaaS scaling
- Notable Achievements:
- Founded two SaaS companies with successful acquisition exits totaling over half a billion USD
- Leader in AI-enabled transformation of procurement workflows
- Active speaker at procurement industry events and contributor to vendor recognition in Gartner Hype Cycle
This profile indicates that Yakubovich brings a robust combination of technical education, entrepreneurial success, executive management experience, and a clear strategic focus on AI-driven procurement innovation, positioning him as a key influencer and decision-maker in the procurement technology space.
