About Solugen
Solugen produces essential molecules using enzymes, which speed up chemical reactions, through its Bioforge technology, a carbon-negative manufacturing platform. This process combines fermentation and traditional petrochemical methods to create sustainable products from inexpensive feedstocks like corn syrup. Solugen serves various industries, including medicine and personal care, by providing non-toxic ingredients. The company's goal is to lead in green chemistry by offering eco-friendly solutions that meet the increasing demand for safe chemical products.
Houston, TexasHeadquarters
2016Year Founded
$648.9MTotal Funding
DEBTCompany Stage
Energy, BiotechnologyIndustries
51-200Employees
Benefits
Flexible Work Hours
Hybrid Work Options
Risks
Over-reliance on ADM for dextrose supply poses supply chain risks.
Departure of key executives may impact leadership stability and strategic direction.
Rapid expansion could strain resources and lead to operational challenges.
Differentiation
Solugen's Bioforge is the first carbon-negative molecular manufacturing platform.
The company uses enzymes for chemical production, eliminating air and wastewater emissions.
Solugen combines fermentation and petrochemical processing for cost-effective, sustainable chemistry.
Upsides
$213M DOE loan boosts Solugen's production capabilities and market share.
Partnership with Kurita America enhances Solugen's presence in water treatment sector.
SOCMA membership facilitates strategic collaborations and industry expertise access.
Funding
Total raised$648.86 M
Latest valuation$2.00 B
StageDEBT
DEBT
5/31/2024$214
$200
$2.00 BSERIES C
8/31/2021$357
$1.80 BSERIES A
2/28/2019$14
$67.50 M