What is Tethis?
Tethis is at the forefront of developing innovative plant-based, degradable superabsorbent materials. Their core mission is to provide solutions that are both ecologically sound and highly convenient, thereby eliminating the traditional compromise between sustainability and practicality. The company's proprietary technology targets a wide array of applications, including personal hygiene products, advanced packaging, industrial uses, and everyday home and personal care items. Tethis champions attributes such as being plant-based, fully degradable, and plastic-free, positioning itself as a scalable and adaptable provider for an increasingly environmentally conscious global market.
How much funding has Tethis raised?
Tethis has raised a total of $22M across 5 funding rounds:
Private Equity
$2.1M
Debt
$1.1M
Debt
$900K
Series C
$17.6M
Debt
$350K
Private Equity (2015): $2.1M, investors not publicly disclosed
Debt (2016): $1.1M, investors not publicly disclosed
Debt (2017): $900K, investors not publicly disclosed
Series C (2018): $17.6M, investors not publicly disclosed
Debt (2020): $350K backed by PPP
What's next for Tethis?
The recent major strategic investment in Tethis signals a pivotal moment for the company, likely enabling accelerated scaling of production, expansion into new markets, and further research and development into next-generation degradable materials. This infusion of capital, following a history of debt and private equity financing, suggests Tethis is poised to solidify its market position and potentially disrupt traditional industries reliant on less sustainable alternatives. The company's focus on plant-based, plastic-free solutions aligns with growing global demand for eco-friendly products, positioning Tethis for significant future growth and impact.
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