Solugen Raises Over $350 Million in Series C Funding Led by Baillie Gifford & GIC to Make Carbon Negative Chemicals

10 Sep, 2021

Solugen Raises Over $350 Million in Series C Funding Led by Baillie Gifford & GIC to Make Carbon Negative Chemicals
Photo by Simone Pellegrini on Unsplash

– Solugen, the company decarbonizing the chemicals industry, announced a Series C financing round of over $350m.
GIC and Baillie Gifford led the round with participation from Temasek Holdings.
– The latest round of funding will be used to expand Solugen’s Bioforge technology platform, which is used to produce lower-carbon and carbon-negative chemicals & materials for its key customers, and to expand the reach of Solugen’s product portfolio.

Biopharma Biotechnology GreenTech Manufacturing North America
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