Gravity Secures $13M in Series A Funding to Revolutionize Energy Optimization

Deal News | Jan 21, 2025 | PR Newswire Cision Gravity

Gravity, a leading enterprise carbon accounting and energy management platform, has announced a $13M Series A funding round, led by Ansa Capital. This brings Gravity’s total funding to over $20M. Other participants in the funding include Eclipse, Hanover, Caffeinated Capital, Communitas Capital, Buoyant Ventures, and WEX Venture Capital. With increasing demands for carbon reporting, companies are often overwhelmed by disclosure obligations with minimal impact on business. Gravity aims to automate data collection and reporting, allowing companies to focus on actions that reduce energy consumption and cost. Their platform integrates with existing systems, significantly reducing the compliance burden. Currently, Gravity boasts a 400% year-over-year revenue growth, serving major clients like Fortune 500 companies, global enterprises, and private equity firms. The new funding will be funneled into expanding Gravity’s product and market reach, enhancing their energy efficiency marketplace, and meeting new compliance regulations. Marco DeMeireles, Ansa Capital's Co-Founder, will join Gravity's board.

Sectors

  • Clean Technology
  • Financial Services

Geography

  • United States – Gravity is based in San Francisco and aims to expand its operations within the US, which is a major market for sustainability solutions.
  • European Union – Gravity plans to expand its team and operations into the EU, aiming to meet increasing regulatory requirements and market demand in Europe.

Industry

  • Clean Technology – Gravity's focus on carbon accounting and energy optimization places it within the clean technology sector, which aims to reduce environmental impacts through innovative technology.
  • Financial Services – Ansa Capital’s involvement as a lead investor in the funding round highlights the role of financial services in driving growth and innovation in emerging markets.

Financials

  • $13M – The total amount raised by Gravity in their Series A funding round.
  • $20M – Gravity's total funding after the latest Series A investment.
  • $2M – Annual savings for a Midwestern utility achieved through Gravity's HVAC optimization project.
  • $1M – Federal incentives secured for a vertically integrated developer in Nevada through Gravity's solutions.
  • $400,000 – Annual savings reported by Wisconsin Aluminum Factory using Gravity's energy projects.

Participants

NameRoleTypeDescription
GravityTarget CompanyCompanyA carbon accounting and energy management platform focused on automating data collection and reporting to enable energy optimization.
Ansa CapitalLead InvestorCompanyA venture capital firm leading the Series A funding round for Gravity, emphasizing technology investments in early growth stages.
EclipseExisting InvestorCompanyOne of Gravity's existing investors involved in the $13M Series A funding round.
HanoverExisting InvestorCompanyOne of Gravity's existing investors participating in the Series A funding.
Caffeinated CapitalExisting InvestorCompanyAn existing investor in Gravity, contributing to the recent funding round.
Communitas CapitalNew InvestorCompanyA new investor entering in Gravity's Series A funding round.
Buoyant VenturesNew InvestorCompanyA new participant in Gravity's $13M Series A funding round.
WEX Venture CapitalNew InvestorCompanyPart of the new investors in Gravity's latest funding round.
Marco DeMeirelesBoard MemberPersonCo-Founder and Managing Partner of Ansa Capital, joining Gravity's board of directors.
Saleh ElHattabCEOPersonCEO and Co-Founder of Gravity, promoting an automated approach to carbon accounting and energy management.
Sachin ShivaramCEOPersonCEO of Wisconsin Aluminum Factory, a customer of Gravity demonstrating cost-saving benefits.