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SOLUGEN
Solugen
Biotech / Green Chemistry · Houston, Texas · United States · Founded · 2016 · ≈ · 115 · employees

Solugen Funding — Last Valued at $2B

Private

Solugen has raised $675.5M across 6 funding rounds, plus 1 undated round. The latest round valued Solugen at $2B post-money, with Idealist Capital, Canada Growth Fund on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Solugen funding · at a glance
Total raised, all rounds
$675.5M
sum of disclosed sizes
Funding rounds
6
plus 1 undated round
Latest round
$2B
post-money · Mar 2026
Lead on that event
Idealist Capital
lead investor
2026
About Solugen

Solugen has raised more than $640 million, including a $13.5 million Series A round led by Fifty Years, Founders Fund and Y Combinator, a $32 million Series B, and over $350 million in Series C funding led by GIC and Baillie Gifford. In 2024 it also secured a conditional $213.6 million loan guarantee from the U.S. Department of Energy to scale domestic biomanufacturing.

Funding timeline

The Solugen funding timeline

6 funding rounds, the latest highlighted.

2016
Solugen founded

Solugen was founded in 2016, United States.

UNDATED
Seed

No date is disclosed for this round.

NOV 2018
Series A

A primary round — the company sells new shares to investors it selects. $13.5M raised.

Valuation basisAmount$13.5MPrice / shareLead
MAY 2019
Series B

A primary round — the company sells new shares to investors it selects. $32M raised.

Valuation basisAmount$32MPrice / shareLead
JAN 2021
Series B Plus

Refactor Capital, Y Combinator. $30M raised.

Valuation basisAmount$30MPrice / shareLead
SEP 2021
Series C

A primary round — the company sells new shares to investors it selects. $350M raised, led by GIC, Baillie Gifford.

Valuation basisAmount$350MPrice / shareLeadGIC, Baillie Gifford
OCT 2022
Series D

A primary round — the company sells new shares to investors it selects. $200M raised, led by Kinnevik, Lowercarbon Capital, Refactor Capital.

Valuation basisAmount$200MPrice / shareLeadKinnevik, Lowercarbon Capital, Refactor Capital
MAR 2026LATEST
Series D expansion at $2B post-money

A primary round — the company sells new shares to investors it selects. $50M raised, led by Idealist Capital, Canada Growth Fund.

Valuation basispost-moneyAmount$50MPrice / shareLeadIdealist Capital, Canada Growth Fund
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Solugen funding rounds in full

6 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series D expansion LATEST
Mar 2026
$50M
$2Bpost-money
—
Idealist Capital, Canada Growth Fund
—
Series D
Oct 2022
$200M
—
—
Kinnevik, Lowercarbon Capital, Refactor Capital
—
Series C
Sep 2021
$350M
—
—
GIC, Baillie Gifford
—
Series B Plus
Jan 2021
$30M
—
—
—
Refactor Capital, Y Combinator
Series B
May 2019
$32M
—
—
—
—
Series A
Nov 2018
$13.5M
—
—
—
—
Seed
—
$10K
—
—
Y Combinator
Refactor Capital, Liquid 2 Ventures, MIT, Social Capital Partnerships
Solugen · investors

Investors

Y CombinatorLEADIIdealist CapitalLEADCCanada Growth FundLEADKKinnevikLEADLowercarbon CapitalLEADRRefactor CapitalLEADGGICLEADBaillie GiffordLEADBreakthrough Energy Ventures

Frequently asked questions

How can I get exposure to Solugen?›

The routes section explains what is realistically available for a company at this stage.

Is Solugen publicly traded?›

No. Solugen is a private company; its shares do not trade on a public exchange.

What is Solugen's valuation?›

The last valuation is $2B (post-money, Mar 2026).

Who has invested in Solugen?›

Lead investors for each round are in the funding timeline.

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