GIC and Baillie Gifford led a $350m Series C round in Solugen, the company decarbonizing the chemicals industry, with participation from BlackRock, Carbon Direct Capital Management, Refactor Capital, and Fifty Years. "Our breakthroughs in enzyme and metal catalyst engineering allow us to produce chemicals in a more sustainable and profitable way. We can now deliver for our customers performance benefits, cost savings, and most importantly, lower carbon footprints," Gaurab Chakrabarti, Solugen CEO.