Financing is led by Thomas, McNerney & Partners with participation from Finistere Ventures and current investors Flint Hills Resources, and Life Technologies Corporation.
SGB will use the proceeds to expand research and development, advance commercialization efforts and scale global operations.
Jatropha is a subtropical, non-edible energy crop that can be effectively grown on marginal lands considered undesirable for food crops.
The company has partnered with JETBIO to accelerate the production of crude Jatropha oil as a source for aviation bio jet fuel in Brazil.
SGB president and chief executive officer Kirk Haney said the company is pleased to complete the financing and are privileged to add Thomas, McNerney and Finistere Ventures to our team.
"The funding comes at a time when we are experiencing significant commercial adoption of our hybrid Jatropha and will be instrumental as we continue to expand our global footprint," added Haney.
