SG Biofuels, Inc. said it completed a $17 million Series B financing led by Thomas, McNerney & Partners and joined by Finistere Ventures and current investors Flint Hills Resources and Life Technologies Corporation. The San Diego company, which is developing hybrid seeds of Jatropha as a low-cost feedstock for biodiesel, bio jet fuel and specialty chemicals, said it will use the money to expand R&D and commercialization effort.

PRESS RELEASE

SG Biofuels Completes $17 Million Series B Financing

SAN DIEGO, Calif., Jan. 17, 2012 – SG Biofuels, Inc. (SGB), a bioenergy crop company developing elite hybrid seeds of Jatropha as a low-cost feedstock for biodiesel, bio jet fuel and specialty chemicals, has completed a $17 million Series B financing led by Thomas, McNerney & Partners with participation from Finistere Ventures and current investors Flint Hills Resources, LLC and Life Technologies Corporation.

SGB also announced that Pratik Shah, Ph.D., partner at ...