About Solugen
Solugen is a company based in Houston (United States) founded in 2016 by Sean Hunt and Gaurab Chakrabarti. It operates as a Product-as-a-Service, and Professional Services. Solugen has raised $686.05 million across 9 funding rounds from investors including MIT, Bank of America and BlackRock. Solugen offers products and services including Bioforge Platform, Oil & Gas Solutions, and Renewable Fuels Solutions. Solugen operates in a competitive market with competitors including UPM Biochemicals, Innomost, BluumBio, Fermelanta and Pharem, among others.
- Headquarter Houston, United States
- Founders Sean Hunt, Gaurab Chakrabarti
- Stage Unicorn
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Sectors
EnvironmentChemicals & Materials
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$686.05 M (USD)
in 9 rounds
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Latest Funding Round
$200 M (USD), Series D
Nov 02, 2022
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Investors
MIT
& 16 more
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Employee Count
Employee Count
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Products & Services of Solugen
Solugen offers a comprehensive portfolio of products and services, including Bioforge Platform, Oil & Gas Solutions, and Renewable Fuels Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for efficient chemical manufacturing is provided.
Solutions for oilfield productivity enhancement are delivered here.
Feedstock quality for renewable fuels is improved significantly.
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Funding Insights of Solugen
Solugen has successfully raised a total of $686.05M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $200 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series D — $200.0M
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First Round
First Round
(01 Jun 2016)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series D - Solugen | Valuation | Kinnevik , Lowercarbon Capital | |
| Sep, 2021 | Amount | Series C - Solugen | Valuation | Baillie Gifford , GIC | |
| Jul, 2020 | Amount | Series B - Solugen | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Solugen
Solugen has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include MIT, Bank of America and BlackRock. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are directed toward multiple sectors by Kinnevik.
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech startups
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across US and India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Solugen
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Solugen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solugen Comparisons
Competitors of Solugen
Solugen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UPM Biochemicals, Innomost, BluumBio, Fermelanta and Pharem, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wood-based biochemical manufacturer
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| domain | founded_year | HQ Location |
Manufacturer of green chemicals from wood waste
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| domain | founded_year | HQ Location |
Bio-based technologies for remediating soil, air, and water are developed.
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| domain | founded_year | HQ Location |
Provider of a biotech company that uses microbial fermentation to produce plant-based chemicals, including secondary metabolites for use in medicines, cosmetics, and health foods
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| domain | founded_year | HQ Location |
Provider of water treatment technology
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Solugen
Frequently Asked Questions about Solugen
When was Solugen founded?
Solugen was founded in 2016.
Where is Solugen located?
Solugen is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Solugen?
Gaurab Chakrabarti is the current CEO of Solugen. They have also founded this company.
Is Solugen a funded company?
Solugen is a funded company, having raised a total of $686.05M across 9 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Jun 01, 2016.
What does Solugen do?
Chemical manufacturing solutions are developed by Solugen using the Bioforge platform. Focus is placed on industries like oil gas, renewable fuels, defense, and water treatment. Sustainable feedstocks and efficient processes are utilized to reduce costs. Performance is enhanced through localized supply chains and modular technology. Partnerships are prioritized to address complex industrial needs collaboratively.
Who are the top competitors of Solugen?
Solugen's top competitors include ChainCraft, Innomost and UPM Biochemicals.
What products or services does Solugen offer?
Solugen offers Bioforge Platform, Oil & Gas Solutions, and Renewable Fuels Solutions.
Who are Solugen's investors?
Solugen has 17 investors. Key investors include MIT, Bank of America, BlackRock, Baillie Gifford, and Temasek.
What is Solugen's valuation?
The valuation of Solugen is $2B as of Nov 2022.