GreenSpense Overview
GreenSpense is the developer of a continuous, propellant-free dispensing technology. By eliminating the need for gas, air, or VOCs in aerosol containers, the company's product allows manufacturers to use low-cost, recyclable materials such as plastic or cardboard instead of pressurized canisters. GreenSpense's EcoDrive technology is based on proprietary elastomer technologies. Rather than using compressed air for propulsion, the technology enables the product to be air-forced from a sleeve located inside the container a process similar to the way air is squeezed through a bagpipe. The nanotechnology-based internal elastic sleeve is thin and generates high pressure, with no pressure exerted on the external container. Easily implemented in filling lines, GreenSpense technology is safe, eco-friendly, and compatible with most standard dual-compartment components. GreenSpense was the winner of the 2013 International Cleantech Open Ideas Competition and received Horizon 2020 SME grant.
Cumulative Funding Raised Over Time ($)
—
$1.6MAug 2022
$4.8MFeb 2022
$5.9MJan 2017
$6.2MJun 2014
$7.2MJun 2019
$8.8MNov 2023
Latest News
growth-positive
Greenspense unveils major updates to "flagship" Eco-Drive
Greenspense, a sustainable packaging solutions company, announced two major updates to its flagship product, the Eco-Drive, at the ADF Paris Packaging Week 2024. The company unveiled a new 200 ml variant of the Eco-Drive for industrial use and introduced the ability to homogenise formulations with the incorporation of agitator balls into the product. The event was a success for Greenspense, placing it in the top 5% of exhibitors and attracting attention from 100 companies. The company plans to build on this momentum and continue to shape the future of sustainable packaging.
CustomersExpand
growth-positive
GreenSpense Receives Funding from EU's Horizon 2020
GreenSpense, the maker of a gas-free, high-pressure continuous dispensing solution called Eco-Drive, has been selected to receive funding from the EUs Horizon 2020 SME Instrument Phase II program. The funding will be used to further develop and commercialize the Eco-Drive product, which enables aerosol-like continuous dispensing without the need for gas or pressurized metal canisters. This technology allows for safer, less expensive, and more environmentally friendly packaging. GreenSpense aims to revolutionize the consumer experience of aerosols and provide brands with the opportunity to implement innovative package designs using recyclable materials. The company is currently accepting requests from brands interested in small-quantity pilots using their own dispensed products.
Investment
growth-positive
Propellant-Free Technology Could Shake Up the Aerosol Can Industry - Ecopreneurist
GreenSpense, an Israeli startup, has developed a new eco-sleeve technology that offers a more environmentally friendly method of packaging and dispensing products. The technology, which does not require any form of gas propellant, can be produced in a variety of shapes and sizes. According to Gadi Har-shai, co-founder and CEO of GreenSpense, the technology can deliver the same dispensing experience that customers expect, but with a much lower environmental impact. The companys innovation could eliminate 500,000 tons of gas propellants and 2.5 million tons of carbon emissions every year if it replaced all current aerosol technology.
CustomersInvestment
growth-positive
GreenSpense set to take gas out of aerosols
Israeli startup GreenSpense has developed an eco-friendly alternative to traditional aerosol spray containers. The companys CEO, Gadi Har-Shai, invented the eco-sleeve, which uses nanotechnology to propel the product from a sleeve inside any type of container. The eco-sleeve is less costly than metal and can be made from various materials, including biodegradable plastic or recycled cardboard. It eliminates the need for pressurized metal containers and reduces carbon emissions. The product is expected to be ready for market by the end of the year. GreenSpense has attracted interest from major companies, including LOreal, Gillette, Beiersdorf, and PepsiCo.
Customers
| Sector | Industrial Technologies |
Funding
| Total funding | $10.92M |
| Last funding | $1.6M |
| Stage | B |
| Rounds | 12 |
| Investors | 2 |
Team Members
4
Employees: 1-10
Web & Social Links
| Website | www.greenspense.com/cgi-sys/suspendedpage.cgi |
Locations
Gilboa Regional Council, Israel
Photos & Videos
2 item(s)
GreenSpense Business
Business models
B2B
Product stage
Released
Employees
1-10
Sector
Climate TechClean Industry Tech Sustainable Materials & CircularityEco-Efficient ManufacturingIndustrial TechnologiesMaterial Innovations & ApplicationsTarget Customer
Healthcare & Life SciencesLife SciencesBiotechnologyCosmeticsAgriculture & FoodProcessed FoodsPreserves & PreparedIndustrial ManufacturingCore Technology
Materials & SubstancesNanomaterialsTags (10)
materialsindustrial-technologiespackaging-and-containersclimate-techflexible-packagingmanufacturing-facilitiescosmetic-companiesnanotechnologypharma-companiesfood-and-beverageGeographic Markets
EuropeGreenSpense Financials
$10.92M
Total funding
Undisclosed
Capital raised
$1.6M
Last funding
B
Funding stage
12
Total rounds
2
Investors
Cumulative Funding Raised Over Time ($)
—
$1.6MAug 2022
$4.8MFeb 2022
$5.9MJan 2017
$6.2MJun 2014
$7.2MJun 2019
$8.8MNov 2023
Private Equity Funding
SAFE
Nov 2023
$1.6M
B Round
Aug 2022
$1.58M
Undisclosed Investor(s)
B Round
Feb 2022
$3.2M
Undisclosed Investor(s)
B Round
Jun 2019
$1.03M
Undisclosed Investor(s)
B Round
Jan 2017
$1.12M
Undisclosed Investor(s)
A Round
Jun 2014
$295K
Undisclosed Investor(s)
Seed
Undisclosed
The Trendlines Group
Non-Equity Funding
GrantEvent
Jun 2022
$200K
GrantEvent
Aug 2020
$460K
GrantEvent
Mar 2019
$550K
GrantEvent
Jun 2018
$396K
Israel Innovation Authority
GrantEvent
Jun 2017
$491K
Israel Innovation Authority
GreenSpense Lifecycle
Cumulative Funding Raised Over Time
—
$1.6MAug 2022
$4.8MFeb 2022
$5.9MJan 2017
$6.2MJun 2014
$7.2MJun 2019
$8.8MNov 2023
All Events
SAFE
Nov 2023
$1.6M
B Round
Aug 2022
$1.58M
Undisclosed Investor(s)
B Round
Feb 2022
$3.2M
Undisclosed Investor(s)
B Round
Jun 2019
$1.03M
Undisclosed Investor(s)
B Round
Jan 2017
$1.12M
Undisclosed Investor(s)
A Round
Jun 2014
$295K
Undisclosed Investor(s)
Seed
Undisclosed
The Trendlines Group
GrantEvent
Jun 2022
$200K
GrantEvent
Aug 2020
$460K
GrantEvent
Mar 2019
$550K
GrantEvent
Jun 2018
$396K
Israel Innovation Authority
GrantEvent
Jun 2017
$491K
Israel Innovation Authority
GreenSpense News
4 articles
growth-positive
Greenspense unveils major updates to "flagship" Eco-Drive
Greenspense, a sustainable packaging solutions company, announced two major updates to its flagship product, the Eco-Drive, at the ADF Paris Packaging Week 2024. The company unveiled a new 200 ml variant of the Eco-Drive for industrial use and introduced the ability to homogenise formulations with the incorporation of agitator balls into the product. The event was a success for Greenspense, placing it in the top 5% of exhibitors and attracting attention from 100 companies. The company plans to build on this momentum and continue to shape the future of sustainable packaging.
CustomersExpand
growth-positive
GreenSpense Receives Funding from EU's Horizon 2020
GreenSpense, the maker of a gas-free, high-pressure continuous dispensing solution called Eco-Drive, has been selected to receive funding from the EUs Horizon 2020 SME Instrument Phase II program. The funding will be used to further develop and commercialize the Eco-Drive product, which enables aerosol-like continuous dispensing without the need for gas or pressurized metal canisters. This technology allows for safer, less expensive, and more environmentally friendly packaging. GreenSpense aims to revolutionize the consumer experience of aerosols and provide brands with the opportunity to implement innovative package designs using recyclable materials. The company is currently accepting requests from brands interested in small-quantity pilots using their own dispensed products.
Investment
growth-positive
Propellant-Free Technology Could Shake Up the Aerosol Can Industry - Ecopreneurist
GreenSpense, an Israeli startup, has developed a new eco-sleeve technology that offers a more environmentally friendly method of packaging and dispensing products. The technology, which does not require any form of gas propellant, can be produced in a variety of shapes and sizes. According to Gadi Har-shai, co-founder and CEO of GreenSpense, the technology can deliver the same dispensing experience that customers expect, but with a much lower environmental impact. The companys innovation could eliminate 500,000 tons of gas propellants and 2.5 million tons of carbon emissions every year if it replaced all current aerosol technology.
CustomersInvestment
growth-positive
GreenSpense set to take gas out of aerosols
Israeli startup GreenSpense has developed an eco-friendly alternative to traditional aerosol spray containers. The companys CEO, Gadi Har-Shai, invented the eco-sleeve, which uses nanotechnology to propel the product from a sleeve inside any type of container. The eco-sleeve is less costly than metal and can be made from various materials, including biodegradable plastic or recycled cardboard. It eliminates the need for pressurized metal containers and reduces carbon emissions. The product is expected to be ready for market by the end of the year. GreenSpense has attracted interest from major companies, including LOreal, Gillette, Beiersdorf, and PepsiCo.
Customers
GreenSpense Team
Employee Info
| Employees (range) | 1-10 |
| Exact count | 9 |
| Team members | 4 |
Similar Companies
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This entity has 18 classification IDs that could be used for matching.
GreenSpense Internal
Recent Updates
No update log entries.
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Admin Info
| Confidence | 90/100 |
| Missing | markets, not claimed |
| BI Verification | Yamila Silbert |
| Registrar ID | 514695956 |
| Crunchbase | greenspense |
| Creator | Arielle Smolin |
| Creator email | ari.smolin@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-05-01T00:00:00.000Z |
| Created | 2014-07-17T00:00:00.000Z |
| Claimed | Yes |