76 investors back NC State biopolymer startup Tethis in $3.6M funding

Tethis IP Holding Co., a biopolymer manufacturer, has raised $3.6 million according to a filing with the Securities and Exchange Commission.

The Raleigh-based company raised the money in the form of equity from 76 investors, according to the filing.

Founded in 2013, Tethis has a patented platform for the creation of biopolymers using a common manufacturing process that is high throughput, low cost, and prevalent domestically and abroad, using simple carbohydrates.