# Elea & Lili

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elea-lili

- Industry: Chemicals
- Headquarters: Helsinki, Finland
- Website: www.elealili.com
- Total disclosed funding: $2.9M
- Latest round: Seed (Mar 18, 2026)
- Investors on record: 3

## About

Based in Finland, Elea & Lili specializes in cellulose-based solutions, focusing on the development of sustainable materials for hygiene and agricultural applications, particularly their innovative cellulose super absorbent product, CSA™.Founded in 2026, Elea & Lili Oy operates from Helsinki, Finland, and focuses on commercializing cellulose-based materials. The company recently completed a SEED funding round in March 2026, raising EUR 2.5 million led by Lifeline Ventures. Founded by a team dedicated to creating environmentally friendly alternatives, Elea & Lili aims to address the challenges associated with traditional superabsorbent polymers. The company's singular focus on sustainability has positioned it to cater to diverse markets in Europe, North America, and Asia, particularly where environmental regulations are stringent.Elea & Lili specializes in the commercialization of CSA™ (Cellulose Super Absorbent), an innovative cellulose-based material designed to replace fossil-based superabsorbent polymers (SAP) in hygiene and agricultural applications. CSA™ products are engineered to offer high-performance absorbency while being microplastic-free, addressing significant environmental concerns associated with traditional SAP. The company focuses on the development of scalable solutions for diverse end-user applications, such as disposable hygiene products, including diapers, and agricultural water-retention systems aimed at improving irrigation efficiency. The primary customer base consists of manufacturers and brands in the hygiene and agricultural sectors seeking sustainable alternatives to conventional materials. Geographically, Elea & Lili aims to penetrate markets across Europe, North America, and Asia, targeting regions with stringent environmental regulations and high consumer awareness regarding microplastic pollution.Elea & Lili generates revenue through strategic partnerships and B2B transactions with manufacturers and brands that utilize its CSA™ technology in their products. These transactions typically involve the supply of cellulose-based superabsorbent materials, which are integrated into production processes, enhancing product sustainability without compromising performance. Pricing structures are designed to accommodate various client needs, with arrangements potentially including volume-based pricing for larger orders or long-term contracts that ensure a steady supply of materials. The flagship CSA™ product serves as the cornerstone of these transactions, reinforcing the company's commitment to sustainability in hygiene and agricultural sectors. The revenue model is designed to support scalability and foster long-term relationships with clients focused on transitioning away from fossil-based materials.In March 2026, Elea & Lili Oy raised EUR 2.5 million in SEED funding led by Lifeline Ventures, with participation from Ikorni Invest and Baltiska Handels Sverige. This funding will support pilot production, industrial validation, and early commercial launches in Europe and the US while further developing applications in hygiene and agriculture. The company plans to launch new CSA™ products tailored for specific market needs in the coming year, expanding its reach into these targeted geographic regions.

## Funding rounds

- Seed, Mar 18, 2026, $2.9M — Lifeline Ventures, Baltiska Handels Sverige, Ikorni Invest

## Investors

- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Seed
- Baltiska Handels Sverige (https://capitalatlas.ai/funds/baltiska-handels-sverige) — Seed
- Ikorni Invest — Seed