May 15, 2018
Gravity Supply Chain Raises $7 Million Backed by Wavemaker Partners
Singapore – May 15, 2018 – Gravity Supply Chain, the fast growing supply chain and logistics technology startup, announced today it has raised an additional $7 million to continue its global expansion. The latest round is backed by Singapore based venture capitalist group Wavemaker Partners.
Gravity was founded in 2014 by Graham Parker and Darren Palfrey and has offices in Hong Kong, Singapore, Australia, U.K, the U.S. and South Africa.
“This latest round allows us to accelerate the development of our supply chain and logistics platform and continue adding value to our clients, their clients and to the overall community of users,” said Graham Parker, CEO, Gravity Supply Chain. “We have an impressive and extensive client list and a strong business and product development pipeline. As a business we are seeing an extremely positive reaction to our software solution across a wide range of brand owners, retailers, manufacturers and freight and logistics providers. In the coming 12 months we will place significant emphasis on our sales, customer success and marketing activities as we grow revenues and market share.”
The company recently announced that it had secured new contracts in the first few months of 2018 across its core Purchase Order Management software, and recently launched Shipment Tracking software. It will also be expanding its suite of modular apps this year to include Source. When combined with the company’s full suite of modular apps Source will enable the Gravity platform to deliver seamless visibility from product concept through to commerce.
About Gravity Supply Chain
Gravity Supply Chain Solutions, voted one of the Top Logistics Technology Companies in 2017, provides managers with real-time visibility over their global end-to-end supply chains, so they can be more proactive and effective in reducing costs and identifying issues that will impact customer service levels. Gravity accelerates and streamlines the collection, analysis, and sharing of real-time data to improve collaboration and decision-making among all supply chain partners anytime, anywhere.
Gravity uses Web APIs, AI Bots and proprietary algorithms to unlock and gather data scattered across not just an organization’s immediate supply chain, but throughout the multiple tiers that support it. It also collects what is happening out in the world – including the latest weather, labor strikes, the impact of natural disasters, providing you with instant awareness of potential supply chain disruptions.