Company Overview
Snapshot
Founded in December 2011 by Gadi Har-Shai and Amir Biran, GreenSpense operates with 1–10 employees. The company has secured $10.92M in total capital across 12 funding rounds from 2 investors.
Business overview
GreenSpense develops propellant-free continuous dispensing technology, eliminating the need for gas, air, or VOCs in aerosol containers. Its core product, EcoDrive, utilizes proprietary nanotechnology-based elastomer technologies to enable product expulsion from an internal elastic sleeve, allowing manufacturers to use low-cost, recyclable materials like plastic or cardboard. The technology serves various industries by providing a safe, eco-friendly, and easily integrated solution for dispensing products, operating within the Industrial Technologies sector.
Strategic signal
In February 2024, GreenSpense unveiled significant updates to its flagship Eco-Drive technology. This development signals the company's continued innovation and commitment to enhancing its core product, which is crucial for maintaining a competitive edge in the sustainable packaging and dispensing market. For investors, this indicates ongoing product development and potential for market expansion or increased adoption of its eco-friendly solutions.
Log in to access full profile ›Company Intelligence Q&A
- What is GreenSpense's core technology?
- GreenSpense's core technology is EcoDrive, a propellant-free continuous dispensing system that uses proprietary elastomer technologies to expel products from an internal elastic sleeve, eliminating the need for traditional aerosol propellants.
- When was GreenSpense founded and by whom?
- GreenSpense was founded in December 2011 by Gadi Har-Shai and Amir Biran.
- What was a significant recent product development for GreenSpense?
- In February 2024, GreenSpense unveiled major updates to its flagship Eco-Drive technology, enhancing its propellant-free dispensing solution.
- Has GreenSpense received any grant funding?
- Previously, in March 2019, the company received a grant of $550,000, and in June 2018, it received a grant of $396,000 from the Israel Innovation Authority.