Gravitiq raises $55 million in debt and equity

Gravitiq, a London, UK-based healthcare brand aggregator, announced the close of its seed funding round, part of a larger financing effort closed at $55 million.

The money is a combination of debt and equity, raised from investors including CoVenture, an asset management firm investing across the capital stack of tech-enabled companies and Crossbeam Venture Partners, a venture capital firm backing startups building the next generation economy.

The proceeds will allow Gravitiq to acquire additional companies and expand their portfolio of e-commerce healthcare brands, as well as scale its team across the US, Europe, and Asia.

Gravitiq, founded in 2021 by Saurabh Srivastava, Sachin Srivastava and Adam Gunasekara, is trying a medical-focused approach to e-commerce retail and brand building with the aim to build a Fulfillment-by-Amazon (FBA) aggregator.