Image credits: Gravity Sketch
Gravity Sketch, a London-based design and collaboration platform, announced that it has raised $33M (approximately €30.5M) in a Series A funding round led by Accel. GV (formerly Google Ventures) also participated.
Existing investors, including Kindred Capital, Point Nine, Forward Partners, and several high-profile angel investors also participated in the round.
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The latest funding round brings the total amount raised by Gravity Sketch to more than $40M (approximately €36.9M).
Fund utilisation
The funding will enable the company to continue developing its LandingPad collaboration features to support non-designer stakeholders essential to the design process.
Further, the investment will accelerate product development, transforming long-neglected digital design workflows and enabling the construction and growth of the metaverse.
The funds will also be used to enhance the platform’s creative tools and scale the company’s sales, customer success, and onboarding teams.
Seyi Sosanya, co-founder and CEO of Gravity Sketch, says, “3D design is the backbone of our consumer economy; integral to the production of every car we drive, every shoe we wear, every film we watch, and every video game we play. Yet the modern design process remains inefficient, convoluted, and costly, with teams forced to alternate between 2D and 3D tools not fit for purpose in our hyper-collaborative, remote-working era. At Gravity Sketch, our aim is to combat these challenges by empowering teams to create and communicate their 3D ideas in the quickest and most intuitive ways possible — whether they’re designers or otherwise. We’re excited to continue disrupting 3D design with this new investment round.”
Gravity Sketch: What you need to know
Founded by Daniel Thomas, Daniela Paredes, and Oluwaseyi Sosanya in 2014, Gravity Sketch aims to democratise the 3D design process and transform the inefficient processes that have been used for decades.
The company has developed an intuitive multi-platform tool to improve the efficacy and efficiency of developing 3D products.
The UK company enables everyone to easily ideate, visualise and communicate concepts in real-time, and from initial conception straight in the 3D space.
Gravity Sketch also allows designers, engineers, and other stakeholders to share feedback and discuss issues at every stage of product development through virtual reality.
Gravity Sketch says it has witnessed a 4x revenue growth in the last 12 months as teams shifted to remote working and demand for real-time collaboration capabilities soared.
The platform has touched more than 1M downloads and a community of 100,000+ monthly users. Currently, the platform is available on the iOS, Steam, and Oculus stores.
Gravity Sketch is already used by designers like Adidas and Volkswagen to design and bring to life products, from cars to trainers, in 3D and with VR.
Further, Gravity Sketch eliminates the need for physical prototyping and reduces travel requirements as products no longer have to be approved in person.
Investor
Based out of California, Accel is an early and growth-stage venture capital firm that helps a global community of entrepreneurs.
Harry Nelis, Partner at Accel, says, “In today’s climate, online collaboration tools have emerged as a necessity for businesses that want to stay agile and connect their teams in the most interactive, authentic, and productive way possible. Design is no different, and we’ve been blown away by Gravity Sketch’s innovative, forward-looking suite of collaboration design tools that are already revolutionising workflows across numerous industries. Moreover, we expect that 3D design – coupled with the advent of virtual reality – will only grow in importance as brands race to build the emerging metaverse. The early organic traction and tier-one brands that Oluwaseyi, Daniela, and the Gravity Sketch team have already secured as customers are extremely impressive. We’re excited to partner with them and help them realise their dream of a more efficient, sustainable, and democratic design world.”
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