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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.
Solugen does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Solugen will be known as it becomes public. Here are similar public companies: Blade (NASDAQ: BLDE), Fast Radius (NASDAQ: FSRD), Joby Aviation (NYSE: JOBY), Procore Technologies (NYSE: PCOR), Rocket Lab (NASDAQ: RKLB).
| 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 |
Solugen is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Solugen pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Solugen is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
