Elevance Named Top VC Deal of Q4 2010

March 7, 2011

Elevance’s $100 million investment by Naxos Capital Partners, Total Energy Ventures International, TPG Biotech and TPG Growth, was named one of the largest US venture capital (VC) investment deals in Q4 2010 in the Industry Products and Services segment by Ernst & Young, LLP.

According to Ernst & Young, “VC investment in cleantech companies increased by 8% to $3.98 billion in 2010. Cleantech in Q4 2010 reached $979 million with 72 financing rounds. VC investment in cleantech in Q4 2010 reached $979 million with 72 financing rounds.”

This proves that activity in the cleantech industries is increasing, and Elevance is proud to be part of this emerging industry.

Our strong relationships with our investors and partners have helped Elevance grow significantly in the last three years as we continue development of high performance specialty chemicals and products.

With the support of these resources and technology, we have been able to move both our business and the bio-based industry forward in the past and look forward to significant additional advancements this year.