Bio-based peroxide start-up secures $32 million in Series B funding

May 22, 2019 |

In Texas, Solugen Inc., an emerging specialty chemicals manufacturer and world’s first and only producer of bio-based peroxide solutions, announced the closing of $32 million in Series B funding led by Founders Fund with key participation from other venture capital investors such as Y Combinator, Refactor Capital, Fifty Years and KdT Ventures. The capital raise comes on the heels of the company securing $13.5 million in October 2018 and will be used to continue fueling Solugen’s rapid growth as it seeks to decarbonize the chemicals industry with its bio-based technologies.

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