Tech Company Financing Transactions
Gravity Funding Round
On 10/3/2012, Gravity raised $10.6 million in Series B funding from Upfront Ventures, August Capital and Redpoint Ventures.
Transaction Overview
Company Name
Announced On
10/3/2012
Transaction Type
Venture Equity
Amount
$10,600,000
Round
Series B
Investors
Proceeds Purpose
As for the new funding, the company says it will use the money to deploy a platform for content marketing (Gravity allows advertisers to place sponsored stories among the recommendations). It also plans to expand its operations in Los Angeles, New York, and San Francisco, and to continue growing its publisher network.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
2525 Main Street
Santa Monica, CA 90405
USA
Santa Monica, CA 90405
USA
Phone
Undisclosed
Website
Email Address
Overview
Gravity's mission is to personalize the internet. Through our applications, Gravity understands people's interests so that our partners can create more relevant experiences for their users.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Amit Kapur
Chief Technical Officer
Jim Benedetto
Co-Founder
Steve Pearman
VP - Bus. Development
Karl Rinderknecht
Browse more venture capital transactions:
Prev: 10/3/2012: ThredUP venture capital transaction
Next: 10/3/2012: Insightly venture capital transaction
Share this article
About Database of VC Transactions
We report on every notable VC transaction. VC transactions on this site are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs