Key Takeaways
- • P2 Science closed an oversubscribed $23 million Series funding round led by Sofinnova Partners, a Paris-based European life sciences venture capital firm, signaling strong investor confidence in the company's green chemistry platform and commercial execution.
- • The financing round attracted both new institutional investors—Emerald Technology Ventures and GS Futures—alongside existing backers including dsm-firmenich ventures, BASF, Chanel, Connecticut Innovations, Lewis & Clark Partners, and Elm Street Ventures, demonstrating sustained support from strategic corporate and venture partners.
- • Capital will accelerate P2 Science's commercial expansion in beauty and personal care ingredients while extending its green chemistry platform into adjacent markets including aroma technologies, performance polymers, home care, coatings, and crop care.
- • P2 Science, co-founded by Yale Professor Paul Anastas and Dr. Patrick Foley at Yale's Center for Green Chemistry and Green Engineering, applies the 12 Principles of Green Chemistry to develop renewable specialty ingredients for personal care, flavor and fragrance, and performance materials sectors.
Summary
P2 Science, a Woodbridge, Connecticut-based green chemistry company, has closed an oversubscribed $23 million up round led by Sofinnova Partners. The financing reflects growing institutional confidence in the company's ability to commercialize sustainable chemical processes and scale its platform across multiple end markets.
Sofinnova Partners, headquartered in Paris with offices in London and Milan, led the investment alongside new institutional backers Emerald Technology Ventures and GS Futures. The round maintained backing from an established syndicate of strategic and financial investors including dsm-firmenich ventures, BASF, Chanel, Lewis & Clark Partners, Connecticut Innovations, Elm Street Ventures, and Safer Made, L.P. The participation of both new and returning investors underscores market validation of P2's commercial traction and innovation capabilities.
P2 Science was co-founded by Professor Paul Anastas and Dr. Patrick Foley at Yale University's Center for Green Chemistry and Green Engineering. The company designs and manufactures renewable specialty ingredients by applying the 12 Principles of Green Chemistry, developing proprietary chemical processes inspired by natural chemistry to deliver high-performance outputs with embedded sustainability at scale.
The capital will prioritize acceleration of commercial growth in beauty and personal care ingredients—the company's core market—while expanding its green chemistry platform into adjacent sectors. New market applications include aroma technologies, performance polymers, home care products, industrial coatings, and crop care solutions. This market expansion strategy positions P2 to capture demand across multiple end-use industries seeking sustainable alternatives to traditional synthetic ingredients and processes.
Sofinnova Partners, headquartered in Paris with offices in London and Milan, led the investment alongside new institutional backers Emerald Technology Ventures and GS Futures. The round maintained backing from an established syndicate of strategic and financial investors including dsm-firmenich ventures, BASF, Chanel, Lewis & Clark Partners, Connecticut Innovations, Elm Street Ventures, and Safer Made, L.P. The participation of both new and returning investors underscores market validation of P2's commercial traction and innovation capabilities.
P2 Science was co-founded by Professor Paul Anastas and Dr. Patrick Foley at Yale University's Center for Green Chemistry and Green Engineering. The company designs and manufactures renewable specialty ingredients by applying the 12 Principles of Green Chemistry, developing proprietary chemical processes inspired by natural chemistry to deliver high-performance outputs with embedded sustainability at scale.
The capital will prioritize acceleration of commercial growth in beauty and personal care ingredients—the company's core market—while expanding its green chemistry platform into adjacent sectors. New market applications include aroma technologies, performance polymers, home care products, industrial coatings, and crop care solutions. This market expansion strategy positions P2 to capture demand across multiple end-use industries seeking sustainable alternatives to traditional synthetic ingredients and processes.
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