Gravity, a leader in carbon accounting and energy management, announced a $13 million Series A funding round led by Ansa Capital. With additional support from Eclipse, Hanover, Caffeinated Capital, Communitas Capital, Buoyant Ventures, and WEX Venture Capital, the company has now raised over $20 million in total funding. Marco DeMeireles, Co-Founder and Managing Partner of Ansa Capital, will join Gravity’s board of directors.
Tackling Carbon Reporting Challenges
Gravity’s platform addresses the growing burden of carbon disclosure requirements by automating data collection and sustainability reporting. It reduces compliance effort while enabling businesses to uncover cost-saving energy opportunities, a critical need in industries where energy costs are significant.
“Behind every ton of emissions is a cost—whether it’s energy, logistics, or purchased goods,” said Saleh ElHattab, CEO and Co-Founder. “Gravity connects sustainability reporting with core business priorities, transforming a chore into a value-driven activity.”
Efficiency Through Automation
Unlike manual-intensive platforms, Gravity integrates seamlessly with existing systems, automating data collection and generating audit-ready reports. This approach has led over 60% of customers to switch from competitors. For example, one client reported saving 4,600 hours annually thanks to Gravity’s AI-powered bill scanning.
Driving Value Beyond Reporting
Gravity converts reporting into actionable insights by offering a marketplace for energy efficiency and electrification projects. Notable successes include:
- HVAC Optimization: A project for a Midwestern utility saved over $2 million annually.
- Construction Incentives: Gravity secured $1 million in federal incentives for a Nevada developer’s sustainable upgrades.
Investor Confidence and Market Growth
“Gravity is the first platform we’ve seen that automates emissions reporting while identifying cost-saving opportunities,” said Marco DeMeireles. “Their innovative approach and 400% year-over-year revenue growth underscore their market leadership.”
The platform serves Fortune 500 companies and leading enterprises, including Autodesk, WM, McCarthy Holdings, and Wisconsin Aluminum Factory. Customers highlight Gravity’s ability to automate processes, reduce costs, and enhance resilience.
Strategic Expansion Plans
Gravity will use the Series A funds to:
- Enhance product development, focusing on its energy efficiency marketplace.
- Introduce new decarbonization and financing partnerships.
- Expand its US and EU teams to meet regulatory demands in new markets.
By automating carbon reporting and enabling energy optimization, Gravity is empowering organizations to achieve sustainability goals while driving tangible business benefits.
