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Solugen

solugen.com ↗
PROCESS SCHEMATIC · CHEMICALS / BIO-CHEMICALS LIVE
Founded
2016
Stage
SERIES D
Raised
$602.5M
HQ
HOUSTON, TX
Layer
MANUFACTURING

Bio-based chemicals producer. $600M+ raised.

Funding history

RoundAmountDateLead
Series A$13.5M——
Series B$32M—Founders Fund
Series C$357M2021-09GIC and Baillie Gifford
Series D$200M2022-11Kinnevik, Lowercarbon Capital, Refactor Capital
Upstream
corn dextrose (sugar) feedstock
Downstream
water treatment, concrete, agriculture, and energy chemical buyers
Related
Western ChemicalsDig EnergyMantelSpiritus

Sources

Solugen scores $214 million loan from DOE — CNBC ↗Solugen Secures Conditional Commitment for $213.6M DOE Loan Guarantee ↗Solugen Raises Over $350 Million in Series C Funding Led by Baillie Gifford & GIC (PR Newswire) ↗Solugen Raises Over $200M in Series D Funding (FinSMEs) ↗