# Pyran raises $3M from Kowa for bio-based 1,5-PDO plant

Pyran, Inc. closed a $3 million investment from Kowa as part of its Series B round, raising over $5 million total, to build a world-scale commercial plant for bio-based 1,5-pentanediol (PDO) expected to begin operating in 2027.

- Type: Investment
- Announced: 2024-10-01
- Where: United States
- Value: $3.00M
- Starts operating: 2027
- Status: announced
- Products: 1,5-pentanediol (PDO)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Pyran](https://endata.com/companies/55299.md)
- [Kowa Group](https://endata.com/companies/70738.md) (investor)

## Sources

- [renewable-carbon.eu](https://renewable-carbon.eu/news/pyran-moves-closer-to-commercialization-with-recent-3m-investment-from-kowa/), 2024-10-08: "Pyran, Inc. continues its trajectory toward building a world-scale commercial plant for 1,5-pentanediol (PDO) after closing its latest round of fundraising, which includes a $3 million investment from Kowa."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.