BMW i Ventures* said today it is investing in GreenSpark Software, a New York City-based company building operating software for the metal recycling industry. Existing investors Zero Infinity Partners and Third Prime also participated in the latest investment round. GreenSpark has raised ~$25 million in venture financing from BMW i Ventures, Zero Infinity Partners, Third Prime, Bienville Capital, and Tiger Global. (Read AutoInformed.com on: BMW i Ventures Buys into Phoenix Tailings)
“This investment positions GreenSpark to fast-track its product roadmap, expand into larger enterprise segments, and drive innovation in an industry that has long been underserved by technology,” BMW said. “Despite being a crucial part of the recycling ecosystem, the $120 billion+ recycled materials industry has lacked intuitive, modern software to streamline operations, finance, logistics, and commercial functions. GreenSpark’s platform leverages the latest technology to provide solutions for all segments of the recycled metals value chain, accelerating the circular economy and boosting operators’ profitability,” i Ventures claimed.
GreenSpark has more than tripled its customer base over the last twelve months and offers AI solutions that can revolutionize how recycling operations conduct business. Today, it actively serves customers across the metals recycling and automotive industry.
“We’re thrilled by this endorsement from BMW i Ventures as a key investor who is like-minded in creating a circular supply chain for metal recycling,” said Gordon Driscoll, Co-Founder and CEO of GreenSpark. “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. We’ve been laser-focused on providing our customers with more efficient ways to run their business and grow revenue and look forward to delivering our customers value with this incremental investment.”
*BMW i Ventures is the independent venture capital firm of BMW Group. From offices in Silicon Valley and Munich, BMW i Ventures invests in early to growth-stage companies defining the future of automotive, sustainability, manufacturing, and supply chain. Since starting in 2011, the firm has $800,000,000 under management and has invested in more than 75 startups, including Bcomp, Boston Metal, CelLink, ChargePoint, GaN Systems, Motorway, Tekion, and Xometry.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
BMW i Ventures Buys into GreenSpark Software
BMW i Ventures* said today it is investing in GreenSpark Software, a New York City-based company building operating software for the metal recycling industry. Existing investors Zero Infinity Partners and Third Prime also participated in the latest investment round. GreenSpark has raised ~$25 million in venture financing from BMW i Ventures, Zero Infinity Partners, Third Prime, Bienville Capital, and Tiger Global. (Read AutoInformed.com on: BMW i Ventures Buys into Phoenix Tailings)
“This investment positions GreenSpark to fast-track its product roadmap, expand into larger enterprise segments, and drive innovation in an industry that has long been underserved by technology,” BMW said. “Despite being a crucial part of the recycling ecosystem, the $120 billion+ recycled materials industry has lacked intuitive, modern software to streamline operations, finance, logistics, and commercial functions. GreenSpark’s platform leverages the latest technology to provide solutions for all segments of the recycled metals value chain, accelerating the circular economy and boosting operators’ profitability,” i Ventures claimed.
GreenSpark has more than tripled its customer base over the last twelve months and offers AI solutions that can revolutionize how recycling operations conduct business. Today, it actively serves customers across the metals recycling and automotive industry.
“We’re thrilled by this endorsement from BMW i Ventures as a key investor who is like-minded in creating a circular supply chain for metal recycling,” said Gordon Driscoll, Co-Founder and CEO of GreenSpark. “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. We’ve been laser-focused on providing our customers with more efficient ways to run their business and grow revenue and look forward to delivering our customers value with this incremental investment.”
*BMW i Ventures is the independent venture capital firm of BMW Group. From offices in Silicon Valley and Munich, BMW i Ventures invests in early to growth-stage companies defining the future of automotive, sustainability, manufacturing, and supply chain. Since starting in 2011, the firm has $800,000,000 under management and has invested in more than 75 startups, including Bcomp, Boston Metal, CelLink, ChargePoint, GaN Systems, Motorway, Tekion, and Xometry.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.