# Gradient MSP

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gradient-msp

- Industry: Software
- Headquarters: Calgary, Canada
- Website: www.meetgradient.com
- Total disclosed funding: $8.2M
- Latest round: Series A (Nov 8, 2021)
- Investors on record: 4

## About

Gradient MSP Inc. provides software solutions for managed billing reconciliation, enhancing billing processes for Managed Service Providers (MSPs) by automating vendor usage reconciliation and ensuring accurate billing.Founded in 2020 in Calgary, Canada, Gradient MSP Inc. offers innovative software for MSPs to streamline billing operations. The company secured CAD 10.25 million in Series A funding in November 2021, led by Anthos Capital, with other investors including StoneMill Ventures and Gula Tech Adventures. Colin Knox is the founder and serves as CEO.Gradient MSP Inc. specializes in usage reconciliation and managed billing reconciliation software created to help Managed Service Providers (MSPs) optimize their billing processes. The platform automates vendor usage reconciliation, allowing MSPs to reduce time spent on billing tasks and minimize human errors. It serves a diverse clientele, including IT service providers, primarily across North America, with a focus on the United States and Canada.Gradient MSP Inc. operates on a subscription revenue model, with pricing starting at CAD 199 per month for managed billing reconciliation services. Clients access tools that ensure precise billing and timely invoicing, improving cash flow management while integrating seamlessly with third-party products. This service targets primarily B2B relationships, where MSPs utilize Gradient's software to enhance their billing efficiency.With the CAD 10.25 million raised in Series A funding, Gradient MSP Inc. aims to fuel its strategy focused on technology innovation, company expansion, and MSP enablement. The funding will support the development of new products and the expansion into additional markets. Specific geographic regions targeted for growth include further penetration in the United States and potential ventures into international markets, although detailed timelines for market entry have not been specified.

## Funding rounds

- Series A, Nov 8, 2021, $8.2M — Yaletown Partners, Anthos Capital, Gula Tech Adventures, StoneMill Ventures

## Investors

- Yaletown Partners (https://capitalatlas.ai/funds/yaletown-partners) — Series A
- Anthos Capital (https://capitalatlas.ai/funds/anthos-capital) — Series A
- Gula Tech Adventures (https://capitalatlas.ai/funds/gula-tech-adventures) — Series A
- StoneMill Ventures (https://capitalatlas.ai/funds/stonemill-ventures) — Series A