Grenova

Grenova

Sustainable lab solutions reducing plastic waste

About Grenova

Simplify's Rating
Why Grenova is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Industrial & Manufacturing

Biotechnology

Healthcare

Company Size

11-50

Company Stage

Debt Financing

Total Funding

$700K

Headquarters

Chesterfield, Missouri

Founded

2014

Overview

Grenova Solutions focuses on sustainability and cost reduction in laboratories, particularly by minimizing the use of plastic consumables like pipette tips, which contribute significantly to biohazard waste. Their patented products and processes enable laboratories to cut plastic waste by up to 90%, resulting in substantial cost savings that can be redirected towards research and operational improvements. Grenova serves a diverse clientele in the life sciences sector, including research institutions, pharmaceutical companies, and clinical laboratories, helping them achieve their environmental goals while enhancing profitability. Unlike competitors, Grenova combines the sale of its patented devices with ongoing support and maintenance services, creating a comprehensive sustainability model. The company's goal is to lead the lab industry towards more sustainable practices while supporting its clients in reducing their environmental footprint.

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Simplify's Take

What believers are saying

  • Growing demand for sustainable lab solutions supports Grenova's business model.
  • Increased funding in green technologies offers growth opportunities for Grenova.
  • Grenova's G Certification enhances market positioning among eco-conscious clients.

What critics are saying

  • Increased competition could threaten Grenova's market share.
  • Rapid technological advancements may strain Grenova's resources to maintain competitiveness.
  • Supply chain vulnerabilities could disrupt production and delivery schedules.

What makes Grenova unique

  • Grenova's patented technology uniquely enables washing and reusing plastic consumables.
  • The company offers a comprehensive sustainability model for laboratories.
  • Grenova's solutions reduce plastic waste by up to 90% in labs.

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Funding

Total Funding

$700k

Below

Industry Average

Funded Over

2 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

0%
FinancialContent
Apr 23rd, 2025
Grenova Secures Investment, Appoints New Board Member

Grenova, a Virginia-based sustainable lab tech firm, announced the appointment of Ted Hull to its board and the completion of a new growth equity round. Hull, with 30+ years in life sciences, will guide Grenova's strategic direction. The funding, led by Peloton Equity and Hamilton Lane's Impact Fund II, will enhance automation, R&D, and team expansion. CEO Katherine Marrs highlighted the investment's role in reducing plastic waste and scaling sustainable lab practices.

Colliers International
Jan 31st, 2024
Richmond's Rise in Manufacturing

In late 2022, Civica announced a nearly $125 million investment to build a 120,000 square-foot sterile manufacturing facility and create more than 180 jobs.

Bizjournals
Sep 6th, 2023
Richmond's Grenova brings on former K2M R&D exec Richard Pellegrino

Richmond life sciences laboratory product company Grenova has appointed Richard Pellegrino as its chief research and development officer.

PoandPo
Jul 2nd, 2023
U.S.: Excessive heat continues, risk of severe storms | News | POST Online Media

Grenova, a manufacturer of instruments and associated consumables for the life sciences industry, announced the appointment of Katherine Marrs as chief commercial officer.

PR Newswire
Apr 12th, 2023
Grenova Announces Appointment Of Lane Major As President And Chief Executive Officer

RICHMOND, Va., April 12, 2023 /PRNewswire/ -- Grenova, Inc., a Virginia-based designer, manufacturer, and distributor of instruments and associated consumables for the life sciences industry, today announced the appointment of Lane Major as President and Chief Executive Officer, and as a member of Grenova's Board of Directors. Most recently, Major served as Vice President and General Manager of Stryker Spine, building and integrating ~$2 billion in investment around medical device and enabling technologies across more than 40 countries.Lane Major, President and Chief Executive Officer at Grenova.Major holds more than 20 years of experience as an entrepreneur, executive, and board member in the medical and life sciences product industry. In 2004, he co-founded K2M, Inc. ("K2M"), a supplier of medical device solutions for complex spine and minimally invasive procedures. Major served in numerous roles during his tenure at K2M, including as Chief Operating Officer and Chief Strategy Officer. During that time, he helped lead the company from $0 to $300 million in revenue, as well as a private equity exit, a 2014 IPO, and K2M's $1.4 billion acquisition by Stryker Corp in 2018

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