Diligence memo · auto-generated · as of July 2, 2026
Solugen, Inc.
Solugen, Inc. has raised $426M over 4 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Solugen, Inc. operates in Climate / Cleantech, based in HOUSTON, TX, USA. Decarbonizing the chemicals industry.
Sub-sector tags: Biotechnology, Climate, ClimateTech, Industrial, Manufacturing, climate/cleantech.
Capital & rounds (filed)filed
Solugen, Inc. has raised $426M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $357M on 2021-09-02.
Most recent recorded round closed around 2021-09-02.
Valuation (modeled)modeled
Provath models Solugen, Inc. at approximately $6.9B (range $1.9B–$13.2B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 4.8 yr ago; this sector typically re-raises about every 9 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 11.8× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 93% of Climate / Cleantech peers (207 compared).
Modeled value ranks above 95% of those peers.
Closest niche peers: Mastec Inc, ChargePoint, Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.