Ecoat
- hard tech
- horizon europe
- sustainable development goals
- climate tech
- tech for business
- eit ecosystem
- industrial technology
- observatoire deeptech
- circular economy
- urban tech
- green buildings
- advanced materials
- greentech
- energy and greentech
- eic
- sustainable building construction
- coating technology
- chemical
- innovative material tech
Financials
Estimates*
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | <1m | <1m | <1m | 1.1m | 1.3m | 1.7m | 1.9m |
| % growth | (21 %) | (22 %) | 76 % | 28 % | 17 % | 30 % | 14 % |
| EBITDA | (<1m) | (<1m) | (1.1m) | - | - | - | - |
| % EBITDA margin | (30 %) | (62 %) | (133 %) | - | - | - | - |
| Profit | <1m | (<1m) | (1.2m) | - | - | - | - |
| % profit margin | 2 % | (71 %) | (136 %) | - | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
€1.0m | Early VC | ||
€1.3m | Grant | ||
€10.0m | Series B | ||
| Total Funding | €12.3m | ||
Recent News about Ecoat
EditEcoat is a forward-thinking startup dedicated to revolutionizing the coatings industry by offering sustainable solutions. The company operates primarily in the eco-friendly coatings market, focusing on developing and supplying bio-based and low-carbon footprint products. Ecoat's mission is to help its clients, which include manufacturers and businesses in the coatings industry, transition to more sustainable practices.
The company has garnered significant recognition for its innovative approach, including winning the prestigious Pierre Potier Prize twice, which highlights its commitment to sustainability and innovation. Ecoat's CEO, Olivier Choulet, is an active advocate for sustainable practices, often participating in industry events like the Plant Based Summit to share insights and promote the company's vision.
Ecoat's business model revolves around research and development (R&D) of eco-friendly coatings, which it then sells to its clients. The company invests heavily in creating products that reduce environmental impact, such as those with a low carbon footprint. This focus on sustainability not only meets the growing demand for green products but also aligns with global environmental goals.
Revenue generation for Ecoat comes from the sale of its innovative coatings. By offering products that are both high-quality and environmentally friendly, Ecoat attracts clients who are looking to improve their sustainability credentials. Additionally, the company benefits from state financial support, such as the France Relance recovery plan, which aids in funding its cutting-edge facilities and R&D efforts.
In summary, Ecoat is a pioneering company in the sustainable coatings market, serving clients who are eager to adopt greener solutions. Its business model is centered on the development and sale of eco-friendly coatings, supported by significant R&D investments and state financial aid.
Keywords: sustainable, coatings, eco-friendly, bio-based, low-carbon, innovation, R&D, Pierre Potier Prize, France Relance, Olivier Choulet.