Solugen IPO

solugentech.com

Solugen was founded in 2016 by Gaurab Chakrabarti and Sean Hunt. While the company has not disclosed specific plans to pursue an IPO, CEO Chakrabarti has said that he's open to the idea of an eventual public offering, but going public through an acquisition isn't "terribly interesting to me." These comments should not be interpreted to mean that the company is formally pursuing or foregoing 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. The company was ranked the World's Second Most Innovative Company on Fast Company's 2022 list. Solugen has raised more than $440 million in venture capital funding from investors including Baillie Gifford, GIC, Temasek Holdings, BlackRock, Carbon Direct Capital Management, Refactor Capital, and Fifty Years. A $357 million Series C round resulted in a $1.5 billion valuation.

Founded2016
Total Funding to Date$630.57MM
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Solugen Ticker Symbol

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Solugen Stock Price

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Solugen Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
10/31/2022 Series D $200MM raised $XXX.XX $XXX.XX
9/9/2021 Series C-1 and C-2 $358.37MM raised $XXX.XX $XXX.XX
5/22/2019 Series B-1 $31.43MM raised $XXX.XX $XXX.XX
4/23/2019 Series B $21MM raised $XXX.XX $XXX.XX
10/17/2018 Series A-1, A-2, A-3, A-4, A-5, A-6, A-7, A-8, and A-9 $19.77MM raised $XXX.XX $XXX.XX
Based on primary financings
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