Solugen

Valuation $4B

About Solugen

Solugen is a carbon negative moleucle factory that replaces petroleum-based products with plant-derived substitutes.
Headquarters Solugen, Houston
Founded 2016-01-01
Industry Biopharma, Biotechnology, Chemical, GreenTech, Manufacturing
Last Funding Type Debt Financing
Valuation 4
Total Funding $855.77 million dollars
IPO Status Private

Financial

Solugen has initiated the construction of its Bioforge™ Marshall Facility, enhancing U.S. biomanufacturing capabilities. Additionally, Solugen has partnered with Kurita America to develop new carbon-negative water treatment products.

Solugen has secured a conditional commitment for a $213.6 million loan guarantee from the U.S. Department of Energy to support its Bioforge Marshall facility. This new 500,000-square-foot plant in Minnesota will produce bio-based chemicals from corn sugar, replacing petroleum-derived products. Additionally, Solugen is partnering with Kurita America to develop carbon-negative products for industrial water treatment.
Funding Rounds 10
Number of Lead Investors 9
Total Funding Amount  $855.77 million dollars
Number of Investors 35

Related Angels

Jonathan Hung
View profile
Matthew Bellamy
View profile