GreenTech scale-up Ecoat has secured €21 million in funding to innovate the coatings and paints sector.
The funding round includes €18 million in equity and additional support from the French government's France 2030 plan.
Ecoat develops eco-designed, bio-based solutions to reduce environmental impact in the coatings industry.
The funding will be used to scale production, expand the team, accelerate international expansion, launch new products, and pursue strategic partnerships.