Elevance Completes New Round of Equity Funding

Woodridge, Illinois, USA (June 13, 2018) – Elevance Renewable Sciences, Inc., today announced that it has completed an equity funding round led by its largest investors.

“This new investment provides Elevance with a substantial infusion of capital, enabling the company to continue its growth by further developing sales channels for our existing commercial products, as well as advancing new applications for our unique chemical intermediates and technologies,” said Karl Schoene, CEO and President. “We are collaborating with a number of strategic partners, who are actively commercializing products leveraging our proprietary materials, while continuing to expand our portfolio with early-stage pipeline opportunities.”

Headquartered in Woodridge, Ill., Elevance Renewable Sciences, Inc. creates novel, high-performing specialty chemicals from renewable feedstocks using a proprietary Nobel Prize-winning olefin metathesis technology. These chemical building blocks are used in a wide range of applications, including detergents, coatings, personal care, oil field, agricultural chemicals and engineered polymers. Elevance uses a collaborative business model, exploring opportunities to engage with industry leaders, accelerating time to market and leveraging market expertise while enabling its partners to achieve growth through sustainable and higher performing solutions.