#United States #Woodbridge #P2 Science #Green Chemistry #Sofinnova Partners

P2 Science Secures $23 Million Funding

P2 Science, Inc., known for its innovative approach to green chemistry, has successfully closed a $23 million funding round led by Sofinnova Partners. This round, which was oversubscribed, underscores the strong investor confidence in P2’s proven ability to innovate and expand its market reach. The funds will be crucial for accelerating the company’s commercial growth, particularly in the beauty and personal care sectors, while simultaneously paving the way for entry into adjacent markets such as performance polymers, home care, coatings, and agricultural products.

Strategic Partnerships and New Ventures

Several noteworthy investors participated in this funding round, including Emerald Technology Ventures and GS Futures, alongside continued support from established backers like Lewis Clark Partners, dsm-firmenich ventures, and prominent brands such as Chanel and BASF. The participation of both new and returning investors is a testament to the scalability of P2's green chemistry platform and its promising commercial traction.

Oihana Elizalde, CEO of P2 Science, expressed gratitude for the support from existing investors and emphasized the importance of this funding in reinforcing the company’s commitment to green manufacturing solutions. Elizalde remarked, “This milestone validates the strength of our technology and the urgency of global demand for clean, scalable manufacturing solutions.” With the newly acquired capital, P2 Science aims to significantly boost its beauty business while exploring transformative green chemistry solutions across various industries.

Recognition and Innovation

Recent accolades for P2 Science include being named to Fast Company’s annual list of the World’s Most Innovative Companies in both 2025 and 2026. Additionally, the company was selected for L'Oréal's substantial €100M sustainable innovation accelerator, L'AcceleratOR. These recognitions highlight the company’s strong market position and its commitment to innovation within the beauty and personal care realm. P2 has also rolled out groundbreaking ingredients, such as Citrolatum® P, a plant-based alternative for petrolatum, and CitroComplex® Nourish, a natural oil blend designed for skincare and haircare applications.

Through a strategic partnership with Algenesis, P2 is developing fully biodegradable and biobased polyurethanes, further enhancing their product lineup and commitment to sustainability.

The Future of P2 Science

The capital raised comes at a crucial juncture where there is an increasing demand for high-performance, environmentally friendly products. As more brands transition away from petrochemical solutions, P2 Science’s existing portfolio of beauty ingredients, coupled with their adaptable green chemistry platform, positions them as a leader in the sustainable manufacturing arena.

In addition, the company was recently awarded $2.8 million in non-dilutive funding from the U.S. Department of Energy’s ARPA-E program to advance catalyst innovation through AI-enhanced autonomous laboratories, highlighting their commitment to cutting-edge technology and research in green chemistry.

Michael Krel, a partner at Sofinnova Partners, remarked on the potential of P2 Science by stating, “P2 Science has demonstrated that green chemistry can compete on performance, not just sustainability credentials.” He further emphasized the strength of P2's current market base in beauty and the potential to branch out into other sectors.

As a next-generation chemistry company, P2 Science stands at the forefront of a paradigm shift toward sustainability, driven by performance and scalability in its products and processes. With robust investor support and a clear strategy for expansion, P2 Science is positioned to make significant strides in the green chemistry space, shaping the future of sustainable manufacturing for the industries it serves.

About P2 Science

Co-founded by Professor Paul Anastas and Dr. Patrick Foley, P2 Science is dedicated to designing and manufacturing renewable specialty ingredients for the personal care, flavor and fragrance, and performance materials markets. Operating from the principles of Green Chemistry, P2 Science harnesses nature’s chemistry to produce high-performance materials sustainably. For more insight into their innovations and products, visit www.p2science.com.