P2 Science Raises $200K in Funding from Connecticut Innovations

P2 Science, Inc., a New Haven, Conn.-based specialty chemical company developing a novel class of surfactants, raised an $200k in funding from Connecticut Innovations.

Led by CEO Neil Burns and CSO Patrick Foley, P2 Science has developed a novel chemical process, known as hybrid ozonolysis, that enables the conversion of biomass, including vegetable oils, into aldehydes for use in fragrances and flavors and into di-acids for use in cosmetics and polymers. The products, derived from soy, canola, palm and other oils, will replace chemical ingredients previously only available from petrochemical sources, thus meeting the demand for “green” alternatives in the marketplace.
The company has licensed some of its intellectual property from Yale University and has established a collaborative relationship with the University of Alberta.

P2 Science had received pre-seed funding of $150k from CI in 2012 (read here). Other investors include Elm Street Ventures.



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