Espresso Capital announced today that it has provided Gravy Analytics, a leading provider of enterprise location intelligence, with a $10 million credit facility. In conjunction with the new credit facility with Espresso, Gravy Analytics also completed an equity financing round led by existing investors Spring Lake Equity Partners and Richard Braddock. The company will use the capital to grow its market presence as it works to deliver the real-world insights that companies need to understand how people and products move throughout the world.

“We’ve grown our business significantly over the past few years and are excited by the tremendous upside potential as we find more ways to apply our analytics and technology in emerging new markets,” said Jeff White, founder and CEO, Gravy Analytics. “With Espresso’s credit facility, we can help fast track that growth by expanding our sales and technology teams, while making other strategic investments across the business.”

Founded in 2011, Gravy Analytics provides location intelligence and actionable insights to businesses across a wide range of industries, as well as public sector clients by processing more than 60 billion daily data records from over 600 million opted-in mobile devices. The company analyzes that data to understand where people go and why, and applies the resulting location analytics to an array of use cases ranging from market research to infrastructure planning, to business analytics and supply chain management.