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Gravity, a San Francisco, CA-based provider of an enterprise carbon accounting and energy management platform, raised $13M in Series A funding.
The round, which brought the total amount to over $20M, was led by Ansa Capital, with participation from existing investors Eclipse, Hanover, Caffeinated Capital, Communitas Capital, Buoyant Ventures, and WEX Venture Capital. As part of the round, Marco DeMeireles, Co-Founder and Managing Partner of Ansa Capital, will join Gravity’s board of directors.
The company intends to use the funds to invest in product research and development as they expand its carbon management solution and customer experience.
Led by CEO Saleh ElHattab, Gravity provides an end-to-end carbon accounting and energy management solution that aligns sustainability and business impact. Built for energy-intense operations and companies with complex supply chains, it empowers makers and leading institutions to comply with emissions reporting requirements, win over customers, and reduce costs by optimizing energy use. Its data collection capabilities integrate with each customer’s existing energy tracking, supplier engagement, ESG measurement, and reporting modules, lowering their compliance burden and time spent on disclosure.