Tethis Develops Bio-Based Material to Replace Polymers Used in Disposable Diapers
February 20, 2018
Tethis, a biomaterials startup based in Raleigh, N.C., received a $17.6 million investment from a group of investors led by the Blue Hill Group to commercialize its Tethex bio-based, biodegradable alternative to polymers used in disposable diapers.
“We are excited about the potential of the Tethis products,” says Steve Lerner, managing partner with BHG. “[Tethis chief executive officer] Scott [Bolin] and the team have developed a transformative technology that will fundamentally change the diaper industry by moving it into a more sustainable space less dependent on oil. We’re proud to be a part of this significant phase.”
The company is currently exploring partnerships to develop its Tethex product and bring it to market.
“This round of funding is an important milestone,” says Bolin. “It’s a testament to the hard work our team has put together to validate our technology and prepare it for commercial sale. We’re excited to join with our investors and partners on our mission to provide bio-based solutions to major problems like enabling sustainable diapers for everyone.”