Ecoat funding news – Grasse-based Ecoat Secures €21 Million in Funding

The funding includes €18 million from Yotta Capital, the European Circular Bioeconomy Fund (ECBF), and Starquest, along with support from France’s 2030 plan via ADEME. A debt package from Bpifrance and Ecoat’s banking partners will increase the total beyond €21 million.

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Olivier Choulet, CEO of Ecoat said, “This marks a turning point for Ecoat. With the support of our new partners, we’re ready to scale fast — expanding production, accelerating R&D, and going global — all while staying true to our mission: making sustainable coatings the industry standard. We’re proud to be a European leader already — and now, we’re stepping into the US and Asian markets to take this impact to the next level,”.

Ecoat creates eco-friendly binders for paints, replacing fossil-based polymers with water-based and bio-based alternatives. The company focuses on green chemistry, ensuring sustainability, high performance, and a lower environmental impact.

Nadia Bouzigues, Managing Partner at Yotta Capital Partners said, “With its investment in Ecoat, Yotta is proud to finance through its Growth Fund Yotta Growth Industry a French leading industrial SMEs which brings to the market innovative and cost-competitive low-carbon solutions to accelerate the decarbonisation of the paint and coating industry. We will work alongside Ecoat’s management and our co-investors to help accelerate its growth and its positive impact on the environment,”.

Ecoat has grown 60% annually over the past five years, outpacing a stagnant coatings market. Its binders not only cut emissions but also support large-scale decarbonization. By combining life cycle analysis, bio-based formulas, and safe chemical management, Ecoat helps the industry reduce its environmental impact without sacrificing performance.

Michael Nettersheim, General Partner at ECBF said, “As an investor committed to advancing circular bioeconomy, we at ECBF are proud to support the expansion strategy of Ecoat, a technology leader with a clear commitment to sustainability and circularity. Ecoat’s unique bio-based solutions have already proven their potential in the cost-efficient de-fossilisation of paints and coatings”.

Chloé Cohen-Aknine, Investment Director at Starquest Capital said, "We’ve been backing Ecoat since the very beginning, in 2013 — long before the coatings sector turned its eyes to sustainability. From those early days to becoming a European market leader, we’ve watched Ecoat turn vision into execution. This new round marks a new chapter: one of international growth, especially in the US market, to maximise the decarbonisation impact in the global building industry,”.

About Ecoat

Ecoat is a French company that designs, makes, and sells eco-friendly, bio-based, and water-based binders for paints and varnishes. It provides sustainable alternatives to traditional resins and polymers.