iPEACE223
Switching from fossil resources to biomass for carbon neutralization
Tokyo, Japan · $3.5M raised
- Headquarters
- Tokyo
- Employees
- 1–10
- Business Model
- B2B
- Website
- ipeace223.com
- Total Funding
- $3.5M
- Last Round
- $2.0M SeedJun 2025
- Rounds
- 2
About
iPEACE223 is a Japanese deep-tech startup developing an innovative catalytic process for bio-based propylene production. The company applies an ETP (ethylene-to-propylene) process using zeolite catalyst technology to convert bioethanol-derived ethylene into propylene and LPG-alternative fuels, enabling a fossil-free chemicals and plastics industry. Founded to commercialize technology developed by its CEO, iPEACE223 holds exclusive IP and aims to drastically reduce CO2 emissions by replacing fossil-derived feedstocks with biomass. The company is backed by Universal Materials Incubator (UMI) and raised approximately 300 million yen in a pre-Series A2 round in 2025. It is developing bench-plant demonstrations of its bio-propylene manufacturing technology, targeting large-scale commercial plants in the chemicals industry.
Summary
iPEACE223 is a Biotech company based in Tokyo, Japan. It has raised $3.5M in total across 2 rounds, most recently a $2.0M Seed round in Jun 2025. Investors include Mitsubishi Heavy Industries and Universal Materials Incubator Co..
Tech & App Stack
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Funding History
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Jun 2025
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Series A through Seed — per-round amounts, valuations, and who invested in each round.
Investors
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