Seattle Biodiesel raises $2M

Seattle Biodiesel, a biodiesel refinery startup in the Pacific Northwest, announced that they have raised $2M from Ignition Partners and Chairman/ CEO Martin Tobias. Tobias is also a Venture Partner at Ignition Partners. Ignition Partners typically focuses on software investments, so the investment in Seattle Biodiesel is a bit of a change. The company plans to turn a profit by the end of the year, and I know Martin has some big plans for the company going forward...