Yotta Capital Partners has made its first investment through the YOTTA GROWTH INDUSTRY fund in ECOAT, a company specializing in innovative bio-sourced binders, to enhance sustainable practices in the paints and coatings sector.

Information on the Target

Founded in Grasse in 2011 and designated as a mission-driven company since 2022, ECOAT specializes in the design and production of innovative, high-performance bio-sourced binders. These binders effectively replace fossil-based polymers in decorative paints, wood, and metal applications. By utilizing ECOAT's bio-sourced binders, clients can significantly reduce the carbon footprint associated with their paints.

Over the past five years, ECOAT has experienced an impressive average annual growth rate of 60%. The company aims to leverage this funding round to substantially enhance its production capacity at its facility in Roussillon, Isère, while also expanding its workforce and increasing its international presence, particularly in Asia and North America.

Industry Overview in France

The paints and coatings sector in France has traditionally been a significant contributor to industrial emissions, accounting for nearly 2% of total emissions within the industry. However, there is a growing shift towards sus