Kinnevik Investor Event Presentation Deck
WE RECENTLY INVESTED USD 50M INTO SOLUGEN - A TEXAS-BASED COMPANY
THAT ARE AIMING TO DECARBONIZE THE CHEMICALS INDUSTRY
Product
Market
Focus Areas
Funding
Requirements
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Solugen
Overview
Production of organic acids and platform chemicals from sugar instead of polluting
feedstocks (petroleum) by leveraging engineered enzymes and metal catalysts
Since we invested last year, Solugen have continued to
strengthen our conviction by achieving almost nine
figures of revenue in 2022, demonstrating consistently
high product margins and by accelerating the timeline
of their bioforge roll-out
Innovative approach operates at lower temperatures and generates higher yields,
thereby lowering waste, emissions, and cost
Highly modular production facilities (or BioForges) reduce capex, carbon footprint,
and supply chain risk
Disrupting the USD 6tn chemicals industry, responsible for 6% of global CO2
emissions
Products address a wide range of applications in sectors ranging from cement to food
& beverage
Build out BioForge footprint
Invest heavily into R&D to broaden and mature the product portfolio
Very strong funding position with almost three years runway
A cap table consisting of many of the foremost investors in the climate tech space
Solugen's manufacturing
facility design the 'Bioforge'
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Solugen's Co-Founders
Gaurab Chakrabarti
and Sean Hunt
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