Gravity Sketch raised $33 million in series A funding led by Accel, joined by GV, Kindred Capital, Point Nine and Forward Partners.
Gravity Sketch, a London, UK-based software developer for design and product teams, completed series A round closed at $33 million.
The money was raised from investors led by Accel, joined by GV, Kindred Capital, Point Nine Capital and Forward Partners. The deal included contributions from high-profile individual investors - Will Smith (Dreamers VC), Kevin Durant and Rich Kleiman (Thirty Five Ventures), Soleio and Paul Robson (Adobe’s head of international).
The investment will be used to continue developing Gravity Sketch’s LandingPad collaboration features to better support the non-designer stakeholders essential to the design process.
Gravity Sketch, founded in 2014 by CEO Oluwaseyi Sosanya, Daniela Paredes and Daniel Thomas, developed a multi-platform 3D creation tool that product and design teams can work collaboratively in a better way. The tool assists in tracing an idea from basic conception, through design, refinement and finalization in full 3D in virtual reality including via virtual reality in which collaboration can take place in 3D and real-time. The designers, engineers and other stakeholders can share feedback and discuss issues at every stage of product development, experiencing the design through virtual reality. The company says its tool was downloaded more than one million times by a community of 100,000+ monthly users including product design teams at firms like Adidas, Reebok, Volkswagen and Ford.
Prior to this round, Gravity Sketch secured a little more than $5 million in equity and grants - in 2020 a $3.7 million seed round led by Kindred Capital and In 2018 it raised $1.7 million from Forward Partners, Super Ventures and Wacom.