In London, bioplastics maker Teysha Technologies has raised £1.2 million (US$1.5 million). The funding was achieved on the Angel Investment Network, an online angel investing site.
Founded in 2017, Teysha Technologies converts waste into polymers. It makes a prototype for each customer’s needs and has been awarded two patents for its process.
“We are delighted with the interest we have received from AIN investors,” says Duncan Clark, Director of Operations at Teysha Technologies. “Made from all-natural and inedible agricultural waste streams, Teysha`s second-generation bioplastic is the result of decades of R&D.”
Sam Louis, Head of Consultancy at AIN, says its investors were “really drawn to [Teysha’s] ability to answer the growing demand for sustainable plastics. The product’s inherent versatility and the ability to create so many different products depending on need.”
Teysha is profiled on AIN’s SeedTribe site, which connects “profit-with-purpose” startups to consultants and investors.