solugentech.comIndustrial / MaterialsFounded: 2016Funding to Date: $630.57MM
Solugen, founded in 2016, developed a carbon-negative molecule factory, the “Bioforge”, which replaces petroleum-based products with plant-derived substitutes. The Bioforge is the first manufacturing plant in Houston, TX permitted without wastewater discharge or air emissions, and powered by renewable wind energy.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/31/2022 | Series D | $200MM | $xx.xx | $2.03B | Kennivik, Lowercarbon Capital, Refactor Capital, Temasek, Baillie Gifford, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Kennivik, Lowercarbon Capital, Refactor Capital, Temasek, Baillie Gifford, Fifty Years
|
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09/09/2021 | Series C-2 | $38.37MM | $xx.xx | $1.83B | GIC, Baillie Gifford, Temasek Holdings, BlackRock, Carbon Direct Capital Management, Refactor Capital, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GIC, Baillie Gifford, Temasek Holdings, BlackRock, Carbon Direct Capital Management, Refactor Capital, Fifty Years
|
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09/09/2021 | Series C-1 | $320MM | $xx.xx | $1.83B | GIC, Baillie Gifford, Temasek Holdings, BlackRock, Carbon Direct Capital Management, Refactor Capital, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GIC, Baillie Gifford, Temasek Holdings, BlackRock, Carbon Direct Capital Management, Refactor Capital, Fifty Years
|
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05/22/2019 | Series B-1 | $31.43MM | $xx.xx | $265.97MM | Founders Fund, Y Combinator, Refactor Capital, Fifty Years, KdT Ventures | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Founders Fund, Y Combinator, Refactor Capital, Fifty Years, KdT Ventures
|
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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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
10/17/2018 | Series A-9 | $49,999 | $xx.xx | $53MM | Refactor Capital, Founders Fund, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Refactor Capital, Founders Fund, Fifty Years
|
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10/17/2018 | Series A-8 | $2.43MM | $xx.xx | $53MM | Refactor Capital, Founders Fund, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Refactor Capital, Founders Fund, Fifty Years
|
||||||
10/17/2018 | Series A-7 | $999,999 | $xx.xx | $53MM | Refactor Capital, Founders Fund, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Refactor Capital, Founders Fund, Fifty Years
|
||||||
10/17/2018 | Series A-6 | $904,993 | $xx.xx | $53MM | Refactor Capital, Founders Fund, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Refactor Capital, Founders Fund, Fifty Years
|
||||||
10/17/2018 | Series A-5 | $99,999 | $xx.xx | $53MM | Refactor Capital, Founders Fund, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Refactor Capital, Founders Fund, Fifty Years
|
||||||
10/17/2018 | Series A-4 | $29,999 | $xx.xx | $53MM | Refactor Capital, Founders Fund, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Refactor Capital, Founders Fund, Fifty Years
|
||||||
10/17/2018 | Series A-3 | $799,997 | $xx.xx | $53MM | Refactor Capital, Founders Fund, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Refactor Capital, Founders Fund, Fifty Years
|
||||||
10/17/2018 | Series A-2 | $454,998 | $xx.xx | $53MM | Refactor Capital, Founders Fund, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Refactor Capital, Founders Fund, Fifty Years
|
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10/17/2018 | Series A-1 | $14MM | $xx.xx | $53MM | Refactor Capital, Founders Fund, Fifty Years | |
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
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Refactor Capital, Founders Fund, Fifty Years
|