MIT Technology Review · Feb 2025
Describes Solugen as a $2B company, recounts the seed-funding origin story, and reiterates the company's bio-based chemistry platform and 2023 EPA Green Chemistry award.
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Solugen is a Houston-based chemical manufacturing company that uses its Bioforge platform—engineered enzymes, metal catalysts, and bio-based feedstocks—to make sustainable industrial chemicals that replace petroleum- or natural-gas-derived inputs.
Primary product
Bioforge platform and sustainable industrial chemicals (including hydrogen peroxide, gluconic acid, and glucaric acid)
Founded
2016
Headquarters
Houston, Texas, United States
Team size
101-200
Work style
Onsite
Industry
Chemical Manufacturing
Sub-industry
Sustainable chemicals / biomanufacturing
Offices
0 jobs at Solugen
Check back later for new openings
Business model
Stage
Late-stage venture/growth + debt financing
Total raised
$820.9M
Latest round
DOE loan guarantee · Jun 2024
Latest amount
$213.6M
Jun 2024 · U.S. Department of Energy Loan Programs Office
Jan 2022 · Kinnevik, Lowercarbon Capital, Refactor Capital
Sep 2021 · GIC, Baillie Gifford
Jan 2019 · Founders Fund
Jan 2018 · Fifty Years, Founders Fund, Y Combinator
Mar 2017
Leadership
Co-Founder & CEO
Co-Founder & CTO
Chief Operating Officer
President of Energy & Water
VP of Manufacturing
Mission-driven, fast-paced startup culture focused on safety, customer impact, and continuous learning. Public values include 'First, Do No Harm,' 'Think Big, Act Now,' 'Delight Customers,' and 'Never Stop Growing.'
Work style
Onsite
Compensation
No public salary bands were found in the reviewed sources. Public benefit signals include a 401(k) and generous parental leave.
Benefits
Pricing
B2B industrial chemical sales; pricing appears to be quote- and contract-based rather than publicly posted
Differentiators
Technology
Customers
Competitors
Estimated revenue
$40M-$50M
Estimated monthly visits
16K
Traffic estimate as of Jun 2026
MIT Technology Review · Feb 2025
Describes Solugen as a $2B company, recounts the seed-funding origin story, and reiterates the company's bio-based chemistry platform and 2023 EPA Green Chemistry award.
MIT Technology Review · Oct 2024
Profiles Solugen's Houston and Marshall facilities, capacity expansion, and the challenge of competing on price against incumbent petrochemical manufacturers.
CNBC · Jun 2024
Reports Solugen secured a $213.6M DOE loan guarantee to build its Marshall, Minnesota Bioforge and noted the company had raised more than $640M in venture funding before the loan.
CNBC · May 2024
CNBC profile says Solugen was founded in 2016, had about $643M funding and a $2.2B valuation, and highlighted its Bioforge platform and commercial markets.
Solugen blog · Apr 2024
Official announcement of the Marshall, Minnesota Bioforge groundbreaking, with ADM partnership, 120 KTA capacity plan, and expected jobs and emissions-reduction claims.