OliKrom SAS

OliKrom SAS specializes in intelligent coatings and materials that utilize advanced color-changing technologies, catering to diverse industrial applications and enhancing safety and efficiency across sectors. Founded in 2014 and headquartered in Pessac, France, OliKrom SAS focuses on developing innovative products such as intelligent coatings that respond to environmental stimuli. The company has successfully executed 3 deals, with its most recent venture funding of EUR 2. 80 mn received in May 2020, reflecting a current valuation of EUR 17.

43 mn. The firm was established by a team of experts dedicated to material science, aiming to deliver unique solutions for their clients. OliKrom specializes in the production of intelligent coatings, inks, and paints that incorporate color-changing technologies, designed to meet various industrial requirements across multiple sectors. Their core product offerings include LuminoKrom®, a photoluminescent paint for enhancing nighttime visibility and safety; ThermoKrom®, which changes color in response to temperature variations; and photochromic, luminescent, piezochromic, and chimiochromic materials that respond to environmental stimuli.

These products are particularly valuable for industries such as construction, mobility, healthcare, aerospace, and luxury goods, serving a diverse customer base that includes large enterprises and government entities, both in France and internationally. The geographical markets for their products extend beyond the French region, reaching into European and international markets where there is a demand for advanced material solutions that address challenges such as safety, resource conservation, and eco-innovation. OliKrom operates on a B2B model, providing customized solutions to industrial clients while maintaining a focus on recurring production of their intelligent materials. The revenue structure is bolstered by long-term partnerships and contracts with clients across various sectors, enabling the company to ensure consistent order fulfillment and timely deliveries.

Transactions typically involve bulk orders for their flagship products, such as LuminoKrom® and ThermoKrom®, which are produced in large quantities and subject to rigorous quality control measures. Additionally, the company implements a certificate of performance for each production batch, ensuring clients receive verified products that meet their specific requirements. The emphasis on high-quality, tailored products allows OliKrom to establish a robust client relationship framework, facilitating repeat business and sustained revenue generation. OliKrom SAS aims to enhance its product line with new intelligent coatings designed for specific industrial applications, with several products anticipated for launch by late 2021.

The company is also targeting expansion into new geographic markets, particularly in Europe and North America, with plans to establish operations there by 2022. The recent funding of EUR 2. 79 mn will support the development of these upcoming products and facilitate the company's market expansion initiatives.