Gravity raises $13M to enhance its carbon management platform. With 400% YoY growth, funds will expand R&D, energy efficiency tools, and team presence in the US and EU for scalable impact.
Gravity, a carbon accounting and energy management platform, announced a successful $13 million Series A funding round aimed at advancing its product R&D and expanding its market reach.
Founded in 2022 and headquartered in San Francisco, Gravity offers a software platform designed to assist industrial businesses and their supply chains in managing carbon footprints. The platform automates data collection, produces audit-ready sustainability reports, and integrates seamlessly with existing energy tracking, supplier engagement, and ESG modules. By lowering compliance burdens and reducing reporting time, Gravity enables companies to focus on energy efficiency projects and uncover new opportunities in electrification and energy storage.
Saleh ElHattab, CEO and Co-Founder of Gravity, stated:
“Too often, sustainable disclosure is a manual, time-consuming chore that’s detached from evergreen business priorities. Ultimately, behind every ton of emissions is a cost – whether it’s energy spend, logistics investments, or purchased goods and services. Gravity taps into the fact that these cost centers are already well-tracked and can be measured automatically while connecting the task of reporting back to every company’s core financial priorities of cost and risk mitigation. Reporting should be easy and connected to business value.”
Gravity has witnessed 400% year-over-year revenue growth and plans to use the new funding to enhance its product suite, particularly its energy efficiency marketplace, which helps clients identify and execute cost-saving projects. The funding will also support the introduction of new decarbonization and financing partners and an expansion of its team in the US and EU to reach additional markets.
The funding round was led by Ansa Capital with participation from existing investors Eclipse, Hanover, and Caffeinated Capital, as well as new investors Communitas Capital, Buoyant Ventures, and WEX Venture Capital. To date, Gravity has raised over $20 million.
Marco DeMeireles, Co-Founder and Managing Partner of Ansa Capital, who will join Gravity’s board of directors, commented:
“Gravity is the first platform we’ve seen successfully leverage LLMs to automate emissions reporting for large-scale organizations and turn carbon accounting into a value driver by identifying and executing cost-saving opportunities through their marketplace. With a founding team that combines deep industrial expertise with world-class climate strategy and engineering excellence, we believe Gravity will be instrumental in helping the largest emitters move beyond emissions calculation to actively managing their energy costs through pragmatic, high-ROI actions on one convenient platform.”
Comments
Have a thought on this? Share it with other readers.