Key Takeaways
- Solugen has secured a $50 million equity commitment led by Idealist Capital, in collaboration with Canada Growth Fund (CGF), to scale its organic fertilizer operations.
- The company produces Azogen, a fast-release liquid ammoniacal nitrogen fertilizer derived from hog manure, certified organic in the USA.
- Solugen plans to increase capacity at its existing facility in St-Patrice-de-Beaurivage, Québec, and construct a second facility in Québec, with further expansion into the U.S. planned.
- The investment will also support team expansion to serve growing demand across North America's organic farming market.
- The funding round follows recent activity in the agricultural biologicals and sustainability space, with investors increasingly backing circular and low-carbon agriculture solutions.
Solugen Secures $50M Equity Round to Expand Organic Fertilizer Capacity
Solugen has announced a $50 million equity commitment led by Idealist Capital, a Canadian growth equity fund, with participation from Canada Growth Fund (CGF), a platform focused on accelerating the transition to a low-carbon economy. The funding is intended to accelerate production scale-up and expand access to the company's organic nitrogen fertilizer product, Azogen.
The Azogen Product
Solugen's core product, Azogen, is a fast-release liquid ammoniacal nitrogen fertilizer produced from hog manure through a fully circular process. The product is certified organic in the United States and is designed as a drop-in solution for organic farmers seeking to narrow the yield gap with conventional agriculture. According to the company, the underlying approach to liquid ammoniacal nitrogen has been used in conventional agriculture for over a century.
The production process simultaneously addresses manure management challenges while generating a commercially viable organic fertilizer, which Solugen describes as a circular model.
