7 place 0

828 VTT spinout Elea & Lili secures €2.5M seed for cellulose-based SAP alternative

ArcticStartup
Nurcin Metingil @ ArcticStartup 3 place · 03/18/2026 08:06 EDT

VTT spinout Elea & Lili secures €2.5M seed for cellulose-based SAP alternative

Finnish deeptech startup Elea & Lili has raised €2.5 million in seed funding to bring its fossil-free superabsorbent material to market, targeting hygiene and agriculture sectors long dominated by petroleum-based polymers. The round was led by Lifeline Ventures, with participation from Ikorni Invest Oy Ab and Baltiska Handels Sverige AB, signaling early backing from investors […]

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