P2 Science, a leading green chemistry company transforming sustainable feedstocks into high-performance ingredients, has announced the close of an oversubscribed $23 million up round led by Sofinnova Partners. Sofinnova is a leading European life sciences venture capital firm based in Paris, London, and Milan. The financing will accelerate P2's commercial growth in beauty and personal care ingredients and expand the company's green chemistry platform into new markets, including aroma technologies, performance polymers, home care, coatings, and crop care.

New investors Emerald Technology Ventures and GS Futures joined the round alongside continued backing from existing investors including Lewis & Clark Partners, dsm-firmenich ventures, Connecticut Innovations, Elm Street Ventures, Chanel, BASF, and Safer Made, L.P. The strong participation from both new and returning partners reflects growing confidence in P2's commercial traction, proven innovation leadership, and the scalability of its green chemistry platform.

P2 Science is a green chemistry company, co-founded by Professor Paul Anastas and Dr. Patrick Foley at the Center for Green Chemistry and Green Engineering at Yale, that designs and manufactures renewable specialty ingredients for the personal care, flavor & fragrance, and performance materials markets. Using the 12 Principles of Green Chemistry as its foundation, P2 develops proprietary chemical processes and products inspired by nature's chemistry to deliver high performance with sustainability at scale.