Solugen (Series B)
Funding Details
- Awarder
- Inbox
- Date Award
- January 15, 2023
- Vertical
- Biotechnology
- Funding URL
- View Funding Page
- Funding Amount:
- $35,000,000
Company Info
- Founding Year
- 2016
- Traction
- Solugen has secured contracts with major companies in the cleaning and personal care industries, demonstrating significant market demand for their sustainable products.
- Revenue Amount
- $5,000,000
- ARR
- $2,000,000
- Organizations Involved
- Procter & Gamble, Unilever
- Founders
- Gabe Newell, Lila Tretikov
- Company Description
- Solugen is a biotechnology company that produces sustainable chemicals using a proprietary enzymatic process. Their technology allows for the production of hydrogen peroxide and other chemicals from renewable resources, reducing reliance on fossil fuels.
- Market
- Sustainable chemicals
- Location
- Houston, Texas, USA
- Coinvestors
- Breakthrough Energy Ventures, The Venture Reality Fund