The first product being brought to market is Tethex, which provides a bio-based, biodegradable alternative to the $8 billion global superabsorbent polymer market for diapers that has been dominated by petrochemicals made from sodium polyacrylate.
"This round of funding is an important milestone," said Tethis co-founder and CEO Scott Bolin. "It's a testament to the hard work our team has put together to validate our technology and prepare it for commercial scale. 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."
"We are excited about the potential of the Tethis products," said Steve Lerner, one of the BHG managing partners. "Scott 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."
In addition to Lerner, Blue Hill Group managing partners include Liggett CEO Ron Bernstein, and banking executive Jonathan Hornaday.
"We're tremendously pleased to have added such a wealth of commercial and industrial experience to our team," said Tethis' chairman Chris Evans. (RR)
Fibre2Fashion News Desk – India
| On 22nd Jan 2021
Readymade garment exports from Bangladesh declined by 2.99 per cent...
| On 22nd Jan 2021
Goat Group, the global platform for the greatest products from the...
| On 21st Jan 2021
Citi Trends, Inc, a US-based value-priced retailer of fashion...
Union budget 2018-19 will have positive impact on apparel industry
Online remains the best destination for shopping
Technical textiles industry moving back to Europe
Mumbai-based Corporate Collars provides bespoke tailoring services for...
Fabusse is a Lebanon-based fashion agency that offers a variety of...
India-headquartered Lulu & Sky is a rapidly escalating brand with the...
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Michaela Griggs & Peggy Schulz
Founded in 1929, Barco Uniforms started as an apparel company for beauty...
EDANA, the international association serving the nonwovens and related...
Bridal couture created with rich Indian heritage, exquisite craftsmanship...
By Chandani is a womenswear prêt couture brand with fusion silhouettes by...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.