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Elevance Renewable Sciences, Inc., 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.”