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§ Private Profile · St Louis, MO, USA
Tech-enabled service recovering revenue for subscription businesses from failed payments, focused on reducing involuntary churn.
Gravy provides a tech-enabled service combining automation and human retention specialists to help subscription-based businesses recover revenue lost to failed payments, based in Atlanta, Georgia. The company focuses on involuntary churn, assisting clients in winning back customers whose credit cards expired or had insufficient funds, rather than losing them permanently. Gravy operates on a success-based model, charging a monthly management fee plus a commission on recovered payments, serving over 300 clients across the US, Canada, UK, and Australia as of 2021, ranging from $200K to $100M in annual subscription revenue. Since its inception, Gravy has recovered more than $15 million in failed transactions. The company, which had approximately 30 employees pre-2019, raised $1 million in seed funding and secured $4.5 million in Series A funding on February 17, 2021, led by Arlington Family Partners. Gravy was founded in 2017 by Casey Graham and Renee Weber.
Gravy has raised $10.2M across 4 funding rounds.
Gravy has raised $10.2M in total across 4 funding rounds.
Gravy has raised $10.2M in total across 4 funding rounds.
Gravy's investors include Arlington Family Partners, New Capital Partners.
Gravy has raised $10.2M across 4 funding rounds. Most recently, it raised $2.6M Seed in April 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 26, 2022 | $2.6M Seed | — | — | Announced |
| Feb 17, 2021 | $4.5M Series A | Arlington Family Partners | — | Announced |
| May 9, 2019 | $1M Seed | — | — | Announced |
| May 25, 2018 | $2.1M Seed | NEW Capital Partners | — | Announced |