NEW YORK — GreenSpark Software, which has developed a software platform for the metal recycling industry, has raised $5 million in Series A financing, led by Tiger Global, to expand its employee base and product suite. Additional investors who participated in the round include Bienville Capital and select individuals. This round of fundraising brings GreenSpark’s total financing to $6 million.
GreenSpark helps metal recyclers streamline their entire operation, from point of purchase all the way to ultimate sale. With easy-to-use purchasing and sales features, inventory management, and CRM tools, metal recyclers can buy metal more quickly, understand their operation’s commodity positions, and move paper-driven processes online.
“The response to our platform throughout the metal recycling industry has been overwhelmingly positive,” said Gordon Driscoll, co-founder and CEO of GreenSpark. “Leaders of metal recycling operations across the U.S. recognize their success depends both on how well they can engage with their suppliers and consumers, and their ability to drive efficiencies within their operations. GreenSpark gives metal recycling professionals a platform to follow the metal all the way through their yard in a modern, easy-to-use manner that improves customer experience and saves clerical work.”
GreenSpark was launched with the support of Fractal, a company that helps entrepreneurs launch and scale vertical SaaS startups.
