Ecoat successfully raised €10 million to enhance its production capacity of low-carbon biosourced polymers, marking a significant step in its mission toward ecological transition.

Target Information

Ecoat, a leading industrial scale-up established in 2011, specializes in biosourced polymers used in the paint and varnish industry. Headquartered in Grasse (06) with an additional site in Roussillon (38), the company is at the forefront of the green chemistry sector, addressing the increasing demand for more sustainable alternatives to petroleum-based paints. Ecoat aims to innovate by reducing reliance on fossil resources and solvents, while focusing on environmentally friendly solutions.

With a commitment to sustainability, Ecoat is set to double its biosourced polymer production capacity through a recent €10 million funding round. The investment will enhance production capabilities at the OSIRIS chemical platform, strategically located near the Roussillon tollbooth. As part of this growth, Ecoat is also strengthening its governance by welcoming Smalt Capital and 123 IM to its board, along with Florence Schlegel, an expert in governance and risk management.

Industry Overview in France

The green chemistry industry in France has been experiencing substantial growth, driven by increasing regulatory pressures and societal demand for sustainable practices. With the French government prioritizing ecological transition, businesses are encouraged