P2 Science announced it has closed an oversubscribed $23 million funding round led by Sofinnova Partners to accelerate commercial growth and expand its green chemistry platform into new markets. The company said the financing will support the continued expansion of its beauty and personal care ingredients business while also driving growth into aroma technologies, performance polymers, home care, coatings, and crop care.
The round included participation from new investors Emerald Technology Ventures and GS Futures, alongside returning investors including Lewis & Clark Partners, dsm-firmenich ventures, Connecticut Innovations, Elm Street Ventures, Chanel, BASF, and Safer Made.
Founded as a green chemistry company focused on transforming sustainable feedstocks into high-performance ingredients, P2 Science said the funding reflects growing confidence in its commercial traction, innovation capabilities, and scalable manufacturing platform.
The company has recently experienced significant commercial momentum. P2 Science was named to Fast Company’s list of the World’s Most Innovative Companies in both 2025 and 2026 and was also selected for L’Oréal’s €100 million sustainable innovation accelerator, L’AcceleratOR.
P2 Science also recently launched two new beauty ingredients: Citrolatum P, described as a plant-based replacement for petrolatum, and CitroComplex Nourish, a natural oil blend designed for skin and hair care applications. In addition, the company entered a strategic partnership with Algenesis to develop fully biobased and biodegradable polyurethanes.
The company added that it recently secured $2.8 million in non-dilutive funding from the U.S. Department of Energy’s ARPA-E program to accelerate catalyst innovation using AI-enhanced autonomous laboratories.
P2 Science noted that the funding arrives at a time when manufacturers and consumers are increasingly seeking alternatives to petrochemical-based products. The company believes its combination of sustainable chemistry technology, commercial product portfolio, and manufacturing scale positions it to capitalize on growing global demand for cleaner and higher-performing ingredients and materials.
The company was co-founded by Paul Anastas and Patrick Foley through the Center for Green Chemistry and Green Engineering at Yale University.
KEY QUOTES:
“This milestone validates the strength of our technology and the urgency of global demand for clean, scalable manufacturing solutions. With this new funding, we are positioned to supercharge our beauty business and bring real green chemistry solutions to entirely new industries. We are deeply grateful to our existing investors, whose continued partnership has been instrumental in getting us here, and we are thrilled to welcome Sofinnova Partners, Emerald Technology Ventures, and GS Futures to the P2 family as we begin this next chapter of growth.”
Oihana Elizalde, CEO, P2 Science
“P2 Science has demonstrated that green chemistry can compete on performance, not just sustainability credentials. The commercial foundation the team has built in beauty is strong, and the platform has real reach into adjacent markets. We are excited to support this next phase of growth.”
Michael Krel, Partner, Sofinnova Partners
