Venture capital firm Naxos Capital Partners led the $100m C round for Elevance Renewable Sciences, and was joined by Total Energy Ventures International and private equity firm TPG's biotech and growth funds.
Elevance Renewable Sciences, a US-based maker of specialty chemicals from natural oils spun off from seeds company Cargill in 2005, has raised $100m in its series C round from a consortium including Total Energy Ventures International, the corporate venturing unit of French oil major Total.
Venture capital firm Naxos Capital Partners led the C round, and was joined by private equity firm TPG’s biotech and growth funds.
The round will allow Elevance to build refineries in North and…
