Ecoat has secured €21 million in funding to accelerate its growth and expansion in the sustainable coatings industry, driven by eco-friendly innovations.
Target Company Overview
Ecoat, a French green-tech scale-up founded in 2011, has successfully closed a funding round of €21 million aimed at revolutionizing the coatings and paints industry, which is known to contribute approximately 2% of global industrial greenhouse gas emissions. By substituting fossil-based binders with bio-based and low-carbon alternatives, Ecoat is positioning itself at the forefront of sustainability in this carbon-intensive sector.
This funding round encompasses €18 million in equity contributed by environmentally-focused investors including Yotta Capital, the European Circular Bioeconomy Fund (ECBF), and Starquest, Ecoat's long-standing investor since 2013. Further financial backing is provided through the French government’s France 2030 initiative via ADEME, complemented by an anticipated debt package supported by Bpifrance and Ecoat’s banking partners.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview
The coatings and paints industry is an essential component of the manufacturing sector and includes a range of product applications across construction, automotive, and consumer goods. In recent years, there has been a press
Similar Deals
Crédit Agricole Régions Investissement (CARVEST), Bpifrance, Groupe ILP → Verrissima Group
2023
Akiles, Eurefi, Innovation Fund, Fonds Européen des Matériaux (Demeter) → Saturne Technology
2022
Yotta Capital, European Circular Bioeconomy Fund (ECBF), Starquest
invested in
Ecoat
in 2025
in a Other VC deal
Disclosed details
Transaction Size: $23M
Equity Value: $20M