Pili
(Source: Pili)
Biotech company Pili develops bio-based dyes and pigments to reduce the environmental footprint of the color industry. Thanks to its hybrid technology, which combines industrial fermentation and green chemistry, the company offers an environmentally friendly and competitive alternative to petroleum-based dyes and pigments. Pili aims to replace petroleum-based indigo with a bio-based indigo to reduce dependence on petroleum and cut CO2 emissions associated with production by more than 50%.
Pili Inc., Toulouse/France, closes a €14.5 million Series A financing round to accelerate industrial production of the first tons of high-performance bio-based indigo. Bpifrance, Maisons-Alfort/France, led this round through the Ecotechnologies 2 fund, managed on behalf of the French government under the France 2030 program. Pili also welcomes new investors: the investment holding company Famille C Participations, Paris/France, and an Italian private company, alongside existing investors: the PSL Innovation Fund, Paris, from Elaia Partners, Paris, SOSV, Princeton, NY/USA, and the German business angel network Startupangels.de, which renewed their participation in the company's financing. With around 30 employees, since its inception Pili has already invested more than €30 million to drive the transformation of the dye industry on a global scale and move away from oil as its main raw material. Its unique processes combining fermentation and sustainable chemistry allow the production of ecological and high-performance colors. The technology meets the challenges of the color industry decarbonization by drastically reducing the use of chemicals and fossil resources, particularly oil. Its products are designed for the textile, ink, paint, and plastics industries.
The company has already secured several million euros of pre-orders of bio-based dyes and pigments in the textile, ink, and paints sectors. The aim is now to supply first customers and set up a production unit. This demonstration unit will complement the industrial pilot near Lyon/France that has been operational since 2022.
Pili Inc., Toulouse/France, closes a €14.5 million Series A financing round to accelerate industrial production of the first tons of high-performance bio-based indigo. Bpifrance, Maisons-Alfort/France, led this round through the Ecotechnologies 2 fund, managed on behalf of the French government under the France 2030 program. Pili also welcomes new investors: the investment holding company Famille C Participations, Paris/France, and an Italian private company, alongside existing investors: the PSL Innovation Fund, Paris, from Elaia Partners, Paris, SOSV, Princeton, NY/USA, and the German business angel network Startupangels.de, which renewed their participation in the company's financing. With around 30 employees, since its inception Pili has already invested more than €30 million to drive the transformation of the dye industry on a global scale and move away from oil as its main raw material. Its unique processes combining fermentation and sustainable chemistry allow the production of ecological and high-performance colors. The technology meets the challenges of the color industry decarbonization by drastically reducing the use of chemicals and fossil resources, particularly oil. Its products are designed for the textile, ink, paint, and plastics industries.
The company has already secured several million euros of pre-orders of bio-based dyes and pigments in the textile, ink, and paints sectors. The aim is now to supply first customers and set up a production unit. This demonstration unit will complement the industrial pilot near Lyon/France that has been operational since 2022.
