P2 Science Raises $23 Million to Expand Green Chemistry Platform

P2 Science has closed an oversubscribed $23 million funding round led by Sofinnova Partners announced in a press release. The financing will support the company’s commercial growth in beauty and personal care ingredients and enable the expansion of its green chemistry platform into new markets including aroma technologies, performance polymers, home care, coatings, and crop care.

New investors Emerald Technology Ventures and GS Futures joined the round, alongside existing backers such as Lewis & Clark Partners, dsm-firmenich ventures, Connecticut Innovations, Elm Street Ventures, Chanel, BASF, and Safer Made. The company stated that this funding will strengthen its position in sustainable manufacturing and broaden its reach across industries.

P2 Science recently introduced two plant-based beauty ingredients, Citrolatum P and CitroComplex Nourish, and entered a partnership with Algenesis to develop biodegradable polyurethanes. The company also received $2.8 million in funding from the U.S. Department of Energy’s ARPA-E program to advance catalyst innovation using AI-enhanced autonomous laboratories.