Elevance Raises $104 Million

Elevance Renewable Sciences (Woodbridge, IL) says it has raised $104 million in a Series E financing round. Elevance produces high performance ingredients for use in personal care products, detergents, lubricants and other specialty chemicals and fuel markets from renewable feedstocks. Lacustrine Limited via Genting Genomics Limited, wholly owned by Genting Berhad, (Kuala Lumpur, Malaysia) led the round; Total Energy Ventures International (Paris) also participatted. Tan Sri Lim Kok Thay, chairman and chief executive of Genting Berhad will join the Elevance board...

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