What is Pili?
Founded in 2015, Pili is dedicated to reducing the environmental impact of the color industry through innovative sustainable dyes and pigments. The company employs a hybrid approach, combining industrial fermentation with green chemistry to create high-performance color ranges. Pili targets applications with the most significant pollution footprints, including textiles, inks, polymers, paints, and coatings, positioning itself as a key player in the green chemistry sector. The company's Series A financing round in early 2023 signifies its transition towards scaling its operations and market penetration.
How much funding has Pili raised?
Pili has raised a total of $24.5M across 3 funding rounds:
Unspecified
$4M
Unspecified
$4.7M
Series A
$15.8M
Unspecified (2019): $4M with participation from BPI France, SOSV, PSL Innovation Fund, and the French State
Unspecified (2021): $4.7M led by SOSV LLC and Elaia Partners
Series A (2023): $15.8M supported by Bpifrance, Famille C Venture, SOSV, Elaia Partners, and Startup Angels Alb Bodensee
Key Investors in Pili
BPI France
Bpifrance is a French public investment bank that finances companies at every stage of their development, supporting innovation and international expansion. They provide credit, guarantees, and equity.
SOSV
SOSV is a multi-stage venture capital investor that provides both intellectual and financial capital to accelerate the growth of founders' ambitious ideas.
Elaia Partners
Elaia Partners is a full-stack investor focused on supporting ambitious entrepreneurs from inception to leadership, specializing in backing tech disruptors with a strong emphasis on performance and values.
What's next for Pili?
The recent major strategic investment in Pili's Series A round suggests a pivotal growth phase for the company. This influx of capital is expected to fuel further research and development, enhance production capabilities, and expand its market reach. Pili's focus on sustainable alternatives to traditional dyes and pigments aligns with increasing global demand for eco-friendly industrial solutions. The company is well-positioned to capitalize on this trend, potentially leading to further strategic partnerships and enterprise-level backing as it scales its innovative technology.
See full Pili company page
