GreenSpark Software

GreenSpark Software

Develops software solutions for scrap yards

About GreenSpark Software

Simplify's Rating
Why GreenSpark Software is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

11-50

Company Stage

Early VC

Total Funding

$14.4M

Headquarters

New York

Founded

2021

Overview

GreenSpark Software develops software solutions specifically designed for scrap yards, aiming to improve their operations and facilitate growth. The software combines functions like receiving scrap, inventory tracking, and customer relationship management into a single platform, which helps eliminate the need for multiple systems and enhances efficiency and data accuracy. GreenSpark primarily targets scrap yard owners and managers who want to modernize their operations in an industry that has been slow to adopt new technologies. The company operates on a subscription-based model, where clients pay a recurring fee for access to features such as inventory reconciliation, data analytics, and customer management, along with tech support. By continuously improving its product based on user feedback, GreenSpark stands out in the market by addressing a significant gap and providing a comprehensive solution that helps businesses operate more efficiently.

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Simplify's Take

What believers are saying

  • GreenSpark raised $9.4M to expand its metal recycling software platform.
  • Partnership with UptimePM enhances GreenSpark's product suite and market reach.
  • Integration with IoT devices boosts operational efficiency in scrap yards.

What critics are saying

  • Increased competition from established software industry players entering the niche market.
  • Potential resistance from scrap yard operators to adopt new technology.
  • Economic downturns may reduce budgets for technology investments in the industry.

What makes GreenSpark Software unique

  • GreenSpark offers an all-in-one platform for scrap yard operations.
  • The software integrates inventory, customer management, and data analytics into one system.
  • GreenSpark's user-friendly interface simplifies complex scrap yard processes.

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Funding

Total Funding

$14.4M

Meets

Industry Average

Funded Over

2 Rounds

Notable Investors:
Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

401(k) Company Match

Great start-up culture

Growth & Insights and Company News

Headcount

6 month growth

-15%

1 year growth

-6%

2 year growth

-12%
PR Newswire
Feb 27th, 2025
Greenwave Technology Solutions, Inc. Selects Greenspark As Operating System To Drive Rapid Growth

GreenSpark – Backed by BMW i Ventures and Gaining Significant Adoption in the Metal Recycling Sector – is Expected to Power $GWAV's Ambitious 2025 Growth Plans. Greenwave Supplies Industry Titans Nucor, Sims Metal, Cleveland-Cliffs, and Georgia-Pacific with 100% U.S.-Sourced Recycled Metals. $GWAV Recently Raised 2025 Revenue Outlook to $47-$50 Million, Signaling Robust Growth Resulting from President Trump's Steel and Aluminum Tariffs

Business Wire
Jul 24th, 2024
GreenSpark & UptimePM Announce Partnership & Investment to Integrate Platforms and Scale UptimePM Product Suite

GreenSpark Software, a modern operating system for the metal recycling industry, announced it has closed on its investment into UptimePM, a market-lea

Venture Capital
Jan 26th, 2024
GreenSpark Software Raises $9.4M to Expand its Metal Recycling Software Platform

GreenSpark, a software platform for the metal recycling industry, secures new funding led by Zero Infinity Partners and Third Prime to support expansion and optimization for metal recyclers.

Business Wire
Jan 25th, 2024
Greenspark Announces $9.4 Million In New Funding To Expand Its Modern Operating System For The Metal Recycling Industry

BROOKLYN, N.Y.--(BUSINESS WIRE)--GreenSpark Software, a modern software platform for the metal recycling industry, today announced it has raised $9.4 million in new funding, bringing GreenSpark’s total financing to ~$19 million. The investment was led by Zero Infinity Partners and Third Prime with participation from Bienville Capital and select strategic individuals. This round of fundraising positions GreenSpark to expand its product suite and employee base while continuing to help metal recyclers optimize their operations and drive profitability. GreenSpark builds tools to help scrap yards and other metal recyclers create stronger relationships with their customers, grow revenue more quickly, and increase profit margins. The company’s end-to-end product suite helps metal recyclers streamline their entire operation and workflow from point of purchase through to ultimate sale. "As we pursue this next phase of growth, one principle that will remain constant at GreenSpark is the obsession with providing our customers the best software experience in the industry,” said Gordon Driscoll, co-founder and CEO of GreenSpark

Yahoo Finance
Jan 25th, 2024
GreenSpark Announces $9.4 Million in New Funding To Expand Its Modern Operating System for the Metal Recycling Industry

GreenSpark has raised ~$19 million in venture financing from Tiger Global, Zero Infinity Partners, Third Prime, Bienville Capital, and more.

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