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Solugen

Solugen

Produces sustainable molecules using enzymes

About

Solugen produces essential molecules using enzymes, which speed up chemical reactions, through its Bioforge technology, a carbon-negative manufacturing platform. This process creates valuable products from inexpensive feedstocks like corn syrup while minimizing waste and emissions. Solugen serves various industries, including medicine and personal care, by providing sustainable and non-toxic ingredients. The company's goal is to lead in green chemistry by meeting the increasing demand for environmentally friendly chemical solutions.

Company Stage

Series D

Employees

51-200

Industries

Food & Agriculture, Biotechnology

Total Funding

$642.3M

Headquarters

N/A

Founded

2016


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Simplify's Take

What believers are saying

  • Solugen's recent $213M DOE loan and $640M in venture funding highlight strong financial backing and growth potential.
  • The groundbreaking of the Bioforge Marshall facility in Minnesota signifies significant expansion and job creation, bolstering U.S. biomanufacturing capabilities.
  • Collaborations with industry leaders like Kurita America to develop carbon-negative products demonstrate Solugen's influence and potential for market expansion.

What critics are saying

  • The chemical manufacturing industry is highly competitive, and Solugen must continuously innovate to maintain its edge.
  • Scaling up production while maintaining sustainability and cost-effectiveness could present operational challenges.

What makes Solugen unique

  • Solugen's Bioforge technology uniquely combines fermentation and petrochemical processing to create carbon-negative molecules, setting it apart from traditional chemical manufacturers.
  • The company's enzyme-based approach results in no air or wastewater emissions, making it highly attractive to environmentally conscious clients.
  • Solugen's ability to produce high-value products from inexpensive feedstocks like corn syrup offers a cost advantage over competitors.

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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

10%

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