COMPANY PROFILE

Ecoat

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SME dedicated to innovation and sustainable development, in the industrial sector of components for paints and coatings

Grasse, FranceFounded 2011Energy

Valuation $50–100M Last recorded · 2025

Revenue $1–10M Latest reported FY

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Ecoat

Ecoat 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.

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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.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2011
Headquarters: Grasse, France
Employees: 68
Open positions: None listed
Dealroom signal: 86.5/100
Sector: Energy, Chemical, Sustainable Development Goals, Urban Tech, EIC, Coating Technology, Industrial Technology, Advanced Materials, Innovative Material Tech, Climate Tech, Green Buildings
Technology: Hardware, Deep Tech
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn X

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News, research, reports and resources connected to this company by Dealroom

Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
LATE VC✓Equity / VC	Apr 2025	$20M	$79M	Starquest Capital · Yotta Capital Partners · ADEME · European Circular Bioeconomy Fund	↗
SERIES B✓Equity / VC	Feb 2023	$11M	$44M	Bpifrance · BNP Paribas · Caisse d'Epargne · Crédit Coopératif	—

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	EBITDA	Margin	Profit	Margin
2026
2025
2024
2023
2022
2021
2020		—

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Growth signals

Ecoat website traffic

Latest recorded traffic for Ecoat is 90 monthly website visits, down 83% over the last three months. Ecoat's team grew 7.9% over the past year.

Latest monthly visits90 3-month web change-83% 1-year team growth+7.9%

Monthly website visitsSep 2019–Jul 2026

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