Agritech firm JOil raises $2.94m fresh capital from Temasek Life Sciences

Singapore-based bioenergy company JOil — short for Jatropha Plant Sciences or Jatropha Oil — has raised $2.94 million exclusively from Temasek Life Sciences Pte Ltd, show regulatory filings accessed by DealStreetAsia – DATA VANTAGE. The data further revealed that the investment was made in July 2021.

Temasek Life Sciences Pte Ltd’s stake in JOil now stands at 55%, making it the largest shareholder in the agritech company. Following the latest round, JOil has a valuation of close to $137 million.

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