Sofinnova Partners – IL BIOECONOMISTA

P2 Science Closes $23 Million Round to Accelerate Commercial Momentum and Expand Green Chemistry Platform into New Markets

1 June 202631 May 2026Il BioeconomistaLeave a comment

P2 Science, Inc., a leading green chemistry company transforming sustainable feedstocks into high-performance ingredients, 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.

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Canadian company Comet Bio completed $22M round of equity financing

30 August 202130 August 2021Il BioeconomistaLeave a comment

andrew-richard-comet-sm.jpg.jpeg — Andrew Richard, Founder and CTO Comet Bio

Comet Bio, a Canadian manufacturer of healthy and sustainable ingredients, completed the company’s Series C with an initial close of $22M. The round was led by Open Prairie, a multi-faceted private equity fund management firm with headquarters in Effingham, Illinois. Other investors include Louis Dreyfus Company (LDC), BDC Capital, and existing investor Sofinnova Partners.

“Thanks to the support of our exceptional investors, we will now be able to invest in a dedicated manufacturing facility to grow the supply of our upcycled ingredients,” said Rich Troyer, CEO of Comet Bio. “We will also be investing in innovation including our product pipeline and health claims development.”

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Afyren secures over 60 million euros of financing to move into its industrial development phase

15 February 201915 February 2019Il BioeconomistaLeave a comment

French Industrial biotech company Afyren, which produces high-value bio-based building blocks to manufacture acids using fermentation technologies, has completed a 21 million euro round of fundraising, led by Sofinnova Partners and Valquest Partners, bringing on board Supernova, Crédit Agricole Création and Crédit Agricole Centre France alongside its historical shareholders AFY Partners and Sofimac Régions (Sofimac and the Jérémie Innovation 1 and 2 funds).

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Comet completed a round of equity financing led by PM Equity Partner

1 March 20171 March 2017Il BioeconomistaLeave a comment

comet Comet Biorefining, the Canadian company focused on the production of high-purity cellulosic dextrose, completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing, whose terms were not disclosed.