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Elevance Renewable Sciences, the spinout of Pasadena-based Materia, has scored $50M more in a funding round, according to a regulatory filing by the firm this week. Elevance Renewable Sciences is developing processes to take plant-based oils and turn them into specialty chemicals. Elevance spun out of Materia in March of 2008, and had previously raised at least $140M in funding. The firm's technology is based on research originally created at the California Institute of Technology. Elevance is based in Illinois.
posted on Friday, July 22, 2011 (Link to more information)

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Elevance Renewable Sciences

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