# PILI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pili

- Industry: Materials
- Headquarters: Toulouse, France
- Website: www.pili.bio
- Total disclosed funding: $25M
- Latest round: Series A (Feb 28, 2023)
- Investors on record: 8

## About

PILI Inc., based in France, specializes in producing sustainable biosourced colorants and pigments, offering innovative solutions primarily for the textile industry and eco-friendly applications.PILI Inc. was founded in 2015 in Toulouse, France, focusing on the sustainable production of colorants. The company has conducted a total of 6 deals, with its most recent funding round being a Series A, which raised USD 15.8 mn on February 28, 2023. The funding was led by Bpifrance with participation from Elaia Partners, Famille C Participations, SOSV, and Startupangels.de. The CEO, Jérémie Blache, has a notable background, although specific prior ventures are not mentioned.PILI specializes in producing biosourced colorants and pigments primarily for industries requiring sustainable color solutions. Their core offerings include ecological colorants developed using hybrid processes of industrial fermentation and organic chemistry, utilizing non-food agricultural biomass. They focus mainly on applications in the textile industry, particularly with biosourced indigo for denim production, aimed at replacing conventional petrochemical colorants with environmentally friendly options, catering to major brands across North America, Europe, and Asia.PILI operates on a B2B revenue model, forming partnerships with industrial clients in sectors such as textiles, ink, polymers, paint, and coatings. Their sales approach involves bulk orders of biosourced colorants, with pricing determined by product specifications and volumes. This model supports their commitment to decarbonizing industries and positions them competitively in the eco-friendly colorant market.In February 2023, PILI Inc. raised USD 15.8 mn in Series A funding to accelerate its industrial scale-up and support the decarbonization of the color industry. The company plans to expand its product range and geographic presence, targeting additional markets for biosourced colorants in textile and other industries. This funding will facilitate the development of new products and enhance their operational capacity, positioning them for growth in the sustainable colorant sector.

## Funding rounds

- Series A, Feb 28, 2023, $16M — Elaia Partners, Bpifrance, SOSV, Famille C Participations, Startupangels.de
- Series B, Mar 28, 2021, $4.7M — Elaia Partners, Bpifrance, Ministry of Economy & Finance (Italy), SOSV, RebelBio
- Series A, May 20, 2019, $4M — Elaia Partners, Bpifrance, SOSV
- Seed, Dec 22, 2017 — SOSV, RebelBio
- Seed, Apr 30, 2015 — SOSV, IndieBio

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed, Series A, Series B
- IndieBio (https://capitalatlas.ai/funds/indiebio) — Seed
- RebelBio — Seed, Series B
- Elaia Partners (https://capitalatlas.ai/funds/elaia-partners) — Series A, Series B
- Bpifrance — Series A, Series B
- Ministry of Economy & Finance (Italy) — Series B
- Famille C Participations — Series A
- Startupangels.de — Series A