What is Pili?
Founded in 2015, PILI is dedicated to reducing the environmental footprint of the color industry by producing sustainable dyes and pigments. The company employs a hybrid approach, integrating industrial fermentation with green chemistry to create high-performance color ranges. PILI targets applications with the most significant environmental impact, including textiles, inks, polymers, paints, and coatings. This strategic focus positions PILI as a key player in the burgeoning market for eco-friendly industrial materials.
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 SOSV, PSL Innovation Fund, BPI France, 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, Elaia Partners, Startup Angels Alb Bodensee, and SOSV
Key Investors in Pili
SOSV
SOSV is a multi-stage venture capital investor that provides intellectual and financial capital to accelerate founders big ideas.
BPI France
Founded in 2012, based out of France, Bpifrance finances companies - at each stage of their development - with credit, guarantees and equity. Bpifrance supports them in their innovation projects and internationally.
Elaia Partners
Elaia is a full stack investor focused on supporting ambitious entrepreneurs from inception to leadership. The company specializes in backing tech disruptors, emphasizing performance, values, and care.
What's next for Pili?
The recent major strategic investment signals a pivotal stage for Pili, likely indicating a Series A or later funding round aimed at scaling production, expanding market reach, and further developing its innovative hybrid processes. This capital infusion is expected to accelerate Pili's mission to disrupt traditional color manufacturing with sustainable alternatives, potentially leading to broader adoption across various industrial sectors and solidifying its position as a leader in green chemistry for coloration.
See full Pili company page
