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