Gravity's $13M Series A Funding: A Leap Towards Sustainable Business Practices
January 23, 2025, 3:36 am
Location: United States, California, San Francisco
Employees: 11-50
Total raised: $13M
In the bustling tech landscape of San Francisco, a new player is making waves. Gravity, an enterprise carbon accounting and energy management platform, has secured $13 million in Series A funding. This brings its total funding to over $20 million. The round was led by Ansa Capital, a firm known for its strategic investments in technology. Other notable participants included Eclipse, Hanover, Caffeinated Capital, Communitas Capital, Buoyant Ventures, and WEX Venture Capital.
The urgency for effective carbon management is palpable. Companies are grappling with a deluge of carbon reporting requirements. Sustainability teams often find themselves buried under a mountain of disclosure obligations. The result? A significant portion of their time is spent on reporting rather than taking meaningful action. This inefficiency is costing businesses dearly, with an estimated $2 trillion left on the table in potential energy savings.
Gravity steps into this chaotic arena with a promise. It offers a streamlined solution that automates data collection and reporting. This is not just about compliance; it’s about transforming reporting into a strategic advantage. The platform is designed to help companies, even those in hard-to-abate industries, reduce energy consumption and costs.
The current landscape is littered with manual processes. Many companies struggle with cumbersome data entry and disjointed reporting systems. Gravity changes the game. Its platform automates data collection, generating audit-ready sustainability reports with ease. This frictionless experience has already convinced over 60% of its customers to switch from other providers. One customer reported saving an astonishing 4,600 hours annually, equivalent to nearly 578 days of work.
But Gravity’s impact goes beyond mere efficiency. It redefines the act of reporting as a value-creating endeavor. Through energy audits and partnerships, the platform acts as a one-stop shop for companies looking to enhance their energy efficiency. For instance, a project focused on HVAC optimization for a Midwestern utility saved the customer over $2 million annually. Another project secured over $1 million in federal incentives for a developer in Nevada, showcasing the financial benefits of sustainable practices.
The market has responded positively. Gravity has experienced a staggering 400% year-over-year revenue growth. Its clientele includes Fortune 500 companies and global enterprises, such as WM, Autodesk, and MiddleGround Capital. The platform also supports the supply chains of these giants, extending its reach to construction firms and distributors.
Gravity’s approach resonates with businesses. It connects sustainability efforts to core financial priorities. This alignment is crucial in a world where every ton of emissions represents a cost. By integrating sustainability into the financial fabric of a company, Gravity empowers organizations to view carbon management as a pathway to cost savings and risk mitigation.
The recent funding will fuel Gravity’s ambitions. The company plans to invest in product research and development, enhancing its carbon management solution and customer experience. A significant focus will be on expanding its energy efficiency marketplace. This will simplify the process for customers to identify and implement energy-saving projects. Additionally, Gravity aims to introduce new decarbonization and financing partners, broadening its impact.
The leadership at Gravity is equally impressive. CEO Saleh ElHattab and his team bring a wealth of experience in industrial expertise and climate strategy. Their vision is clear: to help the largest emitters transition from mere emissions calculation to active energy management. This shift is not just beneficial for the environment; it’s a smart business move.
As regulatory pressures mount, companies are seeking solutions that not only meet compliance requirements but also drive business value. Gravity’s platform is poised to fill this gap. It offers a comprehensive solution that aligns sustainability with profitability. This is not just about reducing emissions; it’s about enhancing the bottom line.
The involvement of Ansa Capital further validates Gravity’s potential. Marco DeMeireles, Co-Founder and Managing Partner at Ansa, will join Gravity’s board of directors. His expertise will undoubtedly guide Gravity as it navigates the complexities of scaling its operations and expanding its market reach.
In a world increasingly focused on sustainability, Gravity stands out as a beacon of innovation. Its platform is not just a tool; it’s a catalyst for change. By automating carbon accounting and energy management, Gravity empowers companies to take meaningful action. The result is a win-win: reduced emissions and improved financial performance.
As businesses continue to grapple with the challenges of sustainability, Gravity offers a clear path forward. Its recent funding is a testament to the growing recognition of the importance of carbon management. The future is bright for Gravity, and its impact on the industry will be closely watched.
In conclusion, Gravity is not just another tech startup. It’s a pioneer in the realm of carbon accounting and energy management. With its innovative platform and strategic funding, Gravity is well-positioned to lead the charge towards a more sustainable and profitable future. The journey has just begun, and the possibilities are limitless.
The urgency for effective carbon management is palpable. Companies are grappling with a deluge of carbon reporting requirements. Sustainability teams often find themselves buried under a mountain of disclosure obligations. The result? A significant portion of their time is spent on reporting rather than taking meaningful action. This inefficiency is costing businesses dearly, with an estimated $2 trillion left on the table in potential energy savings.
Gravity steps into this chaotic arena with a promise. It offers a streamlined solution that automates data collection and reporting. This is not just about compliance; it’s about transforming reporting into a strategic advantage. The platform is designed to help companies, even those in hard-to-abate industries, reduce energy consumption and costs.
The current landscape is littered with manual processes. Many companies struggle with cumbersome data entry and disjointed reporting systems. Gravity changes the game. Its platform automates data collection, generating audit-ready sustainability reports with ease. This frictionless experience has already convinced over 60% of its customers to switch from other providers. One customer reported saving an astonishing 4,600 hours annually, equivalent to nearly 578 days of work.
But Gravity’s impact goes beyond mere efficiency. It redefines the act of reporting as a value-creating endeavor. Through energy audits and partnerships, the platform acts as a one-stop shop for companies looking to enhance their energy efficiency. For instance, a project focused on HVAC optimization for a Midwestern utility saved the customer over $2 million annually. Another project secured over $1 million in federal incentives for a developer in Nevada, showcasing the financial benefits of sustainable practices.
The market has responded positively. Gravity has experienced a staggering 400% year-over-year revenue growth. Its clientele includes Fortune 500 companies and global enterprises, such as WM, Autodesk, and MiddleGround Capital. The platform also supports the supply chains of these giants, extending its reach to construction firms and distributors.
Gravity’s approach resonates with businesses. It connects sustainability efforts to core financial priorities. This alignment is crucial in a world where every ton of emissions represents a cost. By integrating sustainability into the financial fabric of a company, Gravity empowers organizations to view carbon management as a pathway to cost savings and risk mitigation.
The recent funding will fuel Gravity’s ambitions. The company plans to invest in product research and development, enhancing its carbon management solution and customer experience. A significant focus will be on expanding its energy efficiency marketplace. This will simplify the process for customers to identify and implement energy-saving projects. Additionally, Gravity aims to introduce new decarbonization and financing partners, broadening its impact.
The leadership at Gravity is equally impressive. CEO Saleh ElHattab and his team bring a wealth of experience in industrial expertise and climate strategy. Their vision is clear: to help the largest emitters transition from mere emissions calculation to active energy management. This shift is not just beneficial for the environment; it’s a smart business move.
As regulatory pressures mount, companies are seeking solutions that not only meet compliance requirements but also drive business value. Gravity’s platform is poised to fill this gap. It offers a comprehensive solution that aligns sustainability with profitability. This is not just about reducing emissions; it’s about enhancing the bottom line.
The involvement of Ansa Capital further validates Gravity’s potential. Marco DeMeireles, Co-Founder and Managing Partner at Ansa, will join Gravity’s board of directors. His expertise will undoubtedly guide Gravity as it navigates the complexities of scaling its operations and expanding its market reach.
In a world increasingly focused on sustainability, Gravity stands out as a beacon of innovation. Its platform is not just a tool; it’s a catalyst for change. By automating carbon accounting and energy management, Gravity empowers companies to take meaningful action. The result is a win-win: reduced emissions and improved financial performance.
As businesses continue to grapple with the challenges of sustainability, Gravity offers a clear path forward. Its recent funding is a testament to the growing recognition of the importance of carbon management. The future is bright for Gravity, and its impact on the industry will be closely watched.
In conclusion, Gravity is not just another tech startup. It’s a pioneer in the realm of carbon accounting and energy management. With its innovative platform and strategic funding, Gravity is well-positioned to lead the charge towards a more sustainable and profitable future. The journey has just begun, and the possibilities are limitless.