- Pili, a Toulouse, France-based startup that came out of the IndieBio program and makes sustainable pigments and dies, notably for the textile industry, raised €4m in funding
- Backers in the round, which brings the total amount invested since its creation to €10m, included Elaia, SOSV and additional investors
- The company also intends to use the funds to help scaling up the production of biobased pigments and testing them in industrial ink and paint formulations
- Pili is a company developing biobased dyes and pigments via fermentation and sustainable chemistry processes which enable the production of high performance and environmentally friendly colors
- Its technology has the potential to get rid of petroleum and polluting chemicals involved in the production of colors in textile, plastic, paint and ink sectors
- The company is based at Toulouse White Biotechnology (TWB) and at the Conservatoire National des Arts et Métiers (CNAM) in Paris
