Specialty tea company Capital Teas has secured $5m investment through its new investor partner, Pear Tree Partners, to expand its presence in retail and other sales channels in the US.
In addition to catering to the consumer demand for specialty teas in the country, the expansion will extend the company's reach to new geographies, bolster online sales, and accelerate wholesale sales to leading restaurants and hotels.
Commenting on the investment, Capital Teas co-founder and CEO Peter Martino said that this funding will not only help the company to expand faster, but will permit it to ensure a cohesive brand presence and customer experience at all of our stores, and to continue to attract talented staff looking for the opportunity to lead in the specialty tea market.
Capital Teas chairman Manelle Martino said, "I am very excited to continue to imbue my family's five-generation tradition of excellence in the tea trade into everything at Capital Teas, now with planned accelerated growth."
The company currently sells more than 200 high-quality teas and infusions, as well as a variety of modern teaware and tea accessories.
In addition to catering to the consumer demand for specialty teas in the country, the expansion will extend the company's reach to new geographies, bolster online sales, and accelerate wholesale sales to leading restaurants and hotels.
Commenting on the investment, Capital Teas co-founder and CEO Peter Martino said that this funding will not only help the company to expand faster, but will permit it to ensure a cohesive brand presence and customer experience at all of our stores, and to continue to attract talented staff looking for the opportunity to lead in the specialty tea market.
Capital Teas chairman Manelle Martino said, "I am very excited to continue to imbue my family's five-generation tradition of excellence in the tea trade into everything at Capital Teas, now with planned accelerated growth."
The company currently sells more than 200 high-quality teas and infusions, as well as a variety of modern teaware and tea accessories.
