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P2i

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Liquid repellent nano-coatings for electronics and industrial applications

Milton, United KingdomFounded 2004Semiconductors
Valuation $5–10M Last recorded · 2025
Revenue <$1M Latest reported FY
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for P2i and the history behind them.

About P2i

P2i is a nanotechnology development company that delivers liquid-repellent and waterproof coatings for products across a wide range of sectors, including electronics, lifestyle, life sciences, filtration, and military. Founded in 2004 by Dr. Stephen Coulson, the company originated as a spin-out from the UK's Defence Science and Technology Laboratory (DSTL). The core technology was initially developed to protect military clothing from chemical agents and maximize comfort.

The company's primary business involves working directly with original equipment manufacturers (OEMs) to integrate its nano-coating technology into their production processes. P2i offers flexible business models, including deploying full coating equipment solutions to a customer's factory or providing service processing at its own facilities. This B2B model serves clients by enhancing their products' durability and reliability against liquid damage from accidents and environmental conditions. P2i's technology has been used to protect over half a billion devices, with partners including major smartphone brands like Motorola and Huawei.

P2i's technology uses a pulsed plasma-enhanced chemical vapor deposition (PECVD) process to apply an ultra-thin polymer layer to a product's surface. This coating, often a thousand times thinner than a human hair, lowers the surface energy, causing liquids to bead up and roll off rather than being absorbed. The process is applied at the end of the manufacturing line and can treat the entire device, inside and out. The company has developed a portfolio of coatings that offer different levels of protection, from splash-proof (IPX1-2) to full immersion barrier coatings (IPX3-8), and has also developed halogen-free and PFAS-free solutions to meet environmental standards. In 2010, P2i acquired Surface Innovations Ltd., expanding its patent portfolio to include technologies like anti-bacterial and super-hydrophilic coatings.

Source: Dealroom company data

At a glance

Founded
2004
Headquarters
Milton, United Kingdom
Sector
Semiconductors

Investors

8 investors on the cap table

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

Series A4 investors entered at this stage

  • Porton Group
  • Naxos Capital Partners
  • Yorkshire Bank
  • Clydesdale Bank

Series B and later4 investors entered at this stage

  • Swarraton Partners
  • Circularity Capital
  • HSBC
  • Jolt Capital
Team profiled 17 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 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
7 countries with
team presence
🇬🇧 United Kingdom50%
🇨🇳 China26.7%
🇻🇳 Vietnam14.4%
🇺🇸 United States3.3%
🇮🇳 India2.2%
Top 5 of 7 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about P2i 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

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