SHERIDAN, WYOMING – Feb. 9, 2025 – BMW i Ventures announced on February 7, 2025, an investment in GreenSpark Software, a New York City-based company developing modern operating software for the metal recycling industry. This investment round also saw participation from existing investors Zero Infinity Partners and Third Prime. The funding will accelerate GreenSpark's product development, facilitate expansion into larger enterprise segments, and drive innovation within a sector ripe for technological advancement.
Addressing a Critical Need in the Recycling Ecosystem
The $120bn+ recycled materials industry, while a vital component of the recycling process, has historically lacked intuitive, modern software solutions to optimize operations, finance, logistics, and commercial functions. GreenSpark's platform addresses this gap by leveraging cutting-edge technology to provide comprehensive solutions across the recycled metals value chain. This, in turn, accelerates the circular economy and enhances profitability for operators. This investment aligns with BMW i Ventures’ commitment to promoting a circular economy.
BMW i Ventures' Perspective
"At BMW i Ventures, we're always on the lookout for companies that not only innovate but also transform industries,” said Baris Guzel, Partner at BMW i Ventures. “GreenSpark is doing just that for the metal recycling sector with its cutting-edge, end-to-end digital solutions. We're thrilled to back a team that's streamlining operations, saving time, and significantly reducing costs, all while pushing for sustainability. This is the kind of investment where technology meets real-world impact, and we're excited to see where GreenSpark takes it from here."
GreenSpark's Growth and Vision
GreenSpark has experienced remarkable growth, more than tripling its customer base in the past twelve months. The company offers industry-leading AI solutions poised to revolutionize operations within the recycling sector. Currently, GreenSpark serves customers spanning the metals recycling and automotive industries.
“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.”
About BMW i Ventures
BMW i Ventures, the independent venture capital firm of the BMW Group, operates from offices in Silicon Valley and Munich. With $800M under management since its inception in 2011, BMW i Ventures invests in early to growth-stage companies shaping the future of automotive, sustainability, manufacturing, and supply chain. Its portfolio includes over 75 startups, such as Bcomp, Boston Metal, CelLink, ChargePoint, GaN Systems, Motorway, Tekion, and Xometry.
About GreenSpark
GreenSpark delivers end-to-end, web-based software solutions empowering metal recyclers to cultivate stronger customer relationships, accelerate revenue growth, and improve profit margins. Having raised approximately $25 million in venture financing from investors like BMW i Ventures, Zero Infinity Partners, Third Prime, Bienville Capital, Tiger Global, and others, GreenSpark is well-positioned for continued success.
For more information visit www.greensparksoftware.com&https://www.bmwiventures.com.