Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Elea & Lili

Explore full profile

Cellulose-based superabsorbent materials replacing fossil-based polymers.

Helsinki, FinlandFounded 2026Energy
Valuation $10–25M Last recorded · 2026
Headcount <100 Current team size
Total funding $0–10M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Elea & Lili and the history behind them.

About Elea & Lili

Elea & Lili is a Finnish deep-tech biomaterials company that develops and commercializes a new class of cellulose-based superabsorbent materials designed to replace fossil-based polymers. The company was founded by CEO Tatu Miettinen and Dr. Miika Nikinmaa, emerging as a spinout from the VTT Technical Research Centre of Finland, which transferred over a decade of biomaterials research and a robust patent portfolio to the new entity. The inspiration for the company came from Miettinen's personal experiences, starting in 2017 with the birth of his first child, which made him aware of the environmental impact of diapers. This mission was solidified in 2019 following the medically complex birth of his daughter, Elea, which motivated him to create a sustainable impact for future generations.

Elea & Lili's core innovation is its patented Cellulose Super Absorbent (CSA™) technology, a microplastic-free and biodegradable alternative to conventional superabsorbent polymers (SAPs). SAPs are petroleum-based, non-biodegradable materials that are the primary absorbent component in products like diapers, feminine hygiene products, and are also used in agriculture for water retention. Elea & Lili's CSA™ is derived from cellulose, making it a sustainable option that doesn't compromise on performance and can absorb liquid at levels comparable to traditional SAPs. A key advantage is its compatibility with existing manufacturing processes, allowing for seamless integration without requiring significant overhauls of production lines. The company's business model operates as a biomaterials technology platform, aiming to replace an entire global material category rather than creating a niche eco-product.

The company targets two primary markets: hygiene and agriculture. In the hygiene sector, which includes a global diaper market projected to exceed $141 billion by 2030, CSA™ offers a biodegradable solution to the nearly 40 million tons of waste generated annually by disposable diapers. In agriculture, CSA™ provides a solution for soil water retention that biodegrades cleanly, addressing the accumulation of microplastics in farmland from petroleum-based SAPs and aligning with upcoming EU regulations restricting such plastics. In March 2026, Elea & Lili secured €2.5 million in seed funding led by Lifeline Ventures, with participation from Ikorni Invest Oy Ab and Baltiska Handels Sverige AB. This capital is intended to scale up pilot production, secure industrial partnerships, obtain regulatory approvals, and facilitate initial commercial launches in Europe and the U.S.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2026
Headquarters
Helsinki, Finland
Employees
3
Open positions
None listed
Dealroom signal
75.0/100
Industry
Energy
Sector
Energy, Biotechnology, Advanced Materials, Bioplastic, Bioeconomy
Business model
Manufacturing
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEED✓Equity / VC Mar 2026 $2.8M $11M Baltiska Handels · Ikorni Invest Oy · Lifeline Ventures ↗
Showing the latest 1 of 1 recorded eventsBook a demo for the full funding history →

Growth signals

Elea & Lili website traffic

Latest recorded traffic for Elea & Lili is 190 monthly website visits, down 61.2% over the last three months.

Latest monthly visits190 3-month web change-61.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇫🇮 Finland100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Elea & Lili on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Elea & Lili’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.