Grenova

Sustainable lab solutions reducing plastic waste

Chesterfield, Missouri, United States

About Grenova

Grenova Solutions focuses on sustainability and cost reduction in laboratories, particularly by minimizing the use of plastic consumables like pipette tips, which contribute significantly to biohazard waste. Their patented products and processes enable laboratories to cut plastic waste by up to 90%, resulting in substantial cost savings that can be redirected towards research and operational improvements. Grenova serves a diverse clientele in the life sciences sector, including research institutions, pharmaceutical companies, and clinical laboratories, helping them meet environmental goals while enhancing profitability. Unlike many competitors, Grenova's business model includes not only the sale of its devices but also ongoing support and maintenance services. The company's goal is to lead the laboratory equipment market in sustainability and waste reduction, as evidenced by their recognition as the Best Sustainable Lab Equipment Manufacturer in 2024.

Chesterfield, MissouriHeadquarters
2014Year Founded
$583.6KTotal Funding
DEBTCompany Stage
Industrial & Manufacturing, Biotechnology, HealthcareIndustries
11-50Employees

Risks

Increased competition threatens Grenova's market share in sustainable lab equipment.
Rapid technological advancements require continuous innovation, straining Grenova's resources.
Supply chain vulnerabilities in eco-friendly materials could disrupt Grenova's production.

Differentiation

Grenova's patented technology uniquely enables the washing and reuse of plastic consumables.
The company offers a comprehensive sustainability model reducing lab plastic waste by up to 90%.
Grenova's G Certified program recognizes labs committed to sustainable practices.

Upsides

Growing demand for sustainable lab equipment boosts Grenova's market potential and innovation.
Recent executive appointments enhance strategic growth and innovation capabilities at Grenova.
ISO certifications position Grenova as a reliable manufacturer in sustainable lab equipment.

Funding

Total raised$583.6 K
Latest valuation$3.00 M
StageDEBT
DEBT
7/31/2019
N/A
SEED
8/31/2018
$1
$3.00 M