Solugen was founded in 2016 by Gaurab Chakrabarti and Sean Hunt. Solugen has not officially endorsed a plan to participate in an IPO.
Solugen is a sustainable chemical company that is working to replace environmentally damaging petroleum-based chemicals by using simple sugars and other renewable plant-based ingredients. Per Forge data, Solugen has raised a total of $642.2 million in funding over 9 rounds. Their latest funding was raised on Oct 28, 2022, from a Series D round. Key investors include Temasek Holdings, Fifty Years, Refactor Capital, GIC, Founders Fund, Kinnevik, and Lowercarbon Capital.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/31/2022 | Series D | $200MM | $xx.xx | $2.03B | Baillie Gifford, Fifty Years, Kennivik, Lowercarbon Capital, Refactor Capital, Temasek | |
Price per Share
$xx.xx
Shares Outstanding
4,913,764
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baillie Gifford, Fifty Years, Kennivik, Lowercarbon Capital, Refactor Capital, Temasek
|
||||||
09/09/2021 | Series C-2 | $38.37MM | $xx.xx | $1.83B | Baillie Gifford, Blackrock, Carbon Direct Capital Management, Fifty Years, Gic, Refactor Capital, Temasek Holdings | |
Price per Share
$xx.xx
Shares Outstanding
1,291,444
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baillie Gifford, Blackrock, Carbon Direct Capital Management, Fifty Years, Gic, Refactor Capital, Temasek Holdings
|
||||||
09/09/2021 | Series C-1 | $320MM | $xx.xx | $1.83B | Baillie Gifford, Blackrock, Carbon Direct Capital Management, Fifty Years, Gic, Refactor Capital, Temasek Holdings | |
Price per Share
$xx.xx
Shares Outstanding
8,617,106
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baillie Gifford, Blackrock, Carbon Direct Capital Management, Fifty Years, Gic, Refactor Capital, Temasek Holdings
|
||||||
05/22/2019 | Series B-1 | $31.43MM | $xx.xx | $265.97MM | Fifty Years, Founders Fund, Kdt Ventures, Refactor Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
4,320,287
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifty Years, Founders Fund, Kdt Ventures, Refactor Capital, Y Combinator
|
||||||
04/23/2019 | Series B | $21MM | $xx.xx | $104.43MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
6,516,921
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
10/17/2018 | Series A-4 | $29,999.00 | $xx.xx | $53MM | Fifty Years, Founders Fund, Refactor Capital | |
Price per Share
$xx.xx
Shares Outstanding
35,855
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifty Years, Founders Fund, Refactor Capital
|
||||||
10/17/2018 | Series A-9 | $49,999.00 | $xx.xx | $53MM | Fifty Years, Founders Fund, Refactor Capital | |
Price per Share
$xx.xx
Shares Outstanding
29,881
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifty Years, Founders Fund, Refactor Capital
|
||||||
10/17/2018 | Series A-5 | $99,999.00 | $xx.xx | $53MM | Fifty Years, Founders Fund, Refactor Capital | |
Price per Share
$xx.xx
Shares Outstanding
122,925
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifty Years, Founders Fund, Refactor Capital
|
||||||
10/17/2018 | Series A-2 | $454,998.00 | $xx.xx | $53MM | Fifty Years, Founders Fund, Refactor Capital | |
Price per Share
$xx.xx
Shares Outstanding
988,698
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifty Years, Founders Fund, Refactor Capital
|
||||||
10/17/2018 | Series A-3 | $799,997.00 | $xx.xx | $53MM | Fifty Years, Founders Fund, Refactor Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,195,275
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifty Years, Founders Fund, Refactor Capital
|
||||||
10/17/2018 | Series A-6 | $904,993.00 | $xx.xx | $53MM | Fifty Years, Founders Fund, Refactor Capital | |
Price per Share
$xx.xx
Shares Outstanding
901,388
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifty Years, Founders Fund, Refactor Capital
|
||||||
10/17/2018 | Series A-7 | $999,999.00 | $xx.xx | $53MM | Fifty Years, Founders Fund, Refactor Capital | |
Price per Share
$xx.xx
Shares Outstanding
885,347
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifty Years, Founders Fund, Refactor Capital
|
||||||
10/17/2018 | Series A-8 | $2.43MM | $xx.xx | $53MM | Fifty Years, Founders Fund, Refactor Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,937,840
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifty Years, Founders Fund, Refactor Capital
|
||||||
10/17/2018 | Series A-1 | $14MM | $xx.xx | $53MM | Fifty Years, Founders Fund, Refactor Capital | |
Price per Share
$xx.xx
Shares Outstanding
6,829,600
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fifty Years, Founders Fund, Refactor Capital
|