US-based green chemistry company P2 Science has raised $23 million in an oversubscribed funding round to expand its sustainable materials platform across beauty, polymers, crop care, and industrial applications. The round was led by Sofinnova Partners, with participation from Emerald Technology Ventures, GS Futures, and several existing investors including Chanel, BASF, and dsm-firmenich ventures.
The company focuses on transforming renewable feedstocks into high-performance ingredients that can replace petroleum-based chemicals. Its platform is already being used in the personal care sector, where it has developed plant-based alternatives to widely used petrochemical ingredients such as petrolatum, along with bio-based formulations for skincare and haircare products.
With the new funding, P2 Science plans to accelerate its commercial expansion beyond beauty into higher-volume industrial markets including performance polymers, coatings, home care, and agriculture. This marks a strategic shift from niche sustainable ingredients toward broader industrial adoption of green chemistry solutions.
The company has already gained commercial traction through partnerships and product launches, including collaborations aimed at developing fully bio-based and biodegradable materials. Its work has also been supported by major sustainability initiatives and accelerator programs, reflecting growing industry interest in replacing fossil-derived chemicals with renewable alternatives.
Investor interest in P2 Science is driven by increasing pressure on consumer brands and manufacturers to reduce reliance on petrochemicals. Corporate backers such as Chanel and BASF bring both capital and strategic pathways to commercialization, helping integrate the company’s materials into global supply chains.
The funding round also includes support from sustainability-focused venture firms, strengthening the company’s ability to scale across multiple sectors. Industry experts highlight that green chemistry is shifting from a sustainability niche to a performance-driven market opportunity, where bio-based alternatives must match or exceed conventional chemical performance to achieve mass adoption.
Proceeds from the investment will be used to expand production capabilities, advance R&D, and accelerate market entry into new industrial categories. The company’s platform approach is designed to enable scalable replacement of fossil-based inputs across multiple industries, positioning it as part of a broader transition toward sustainable manufacturing systems.
As demand for low-carbon and bio-based materials continues to rise, P2 Science’s expansion strategy will test whether green chemistry can move beyond specialty applications into mainstream industrial use at scale.
