Maria Uspenski
Boulder, CO (USA)
Role(s):
Founder/Owner/Principal
The Tea Spot, Inc
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Startup
Location:
Boulder
Industry:
Manufacturing
Year Founded:
2004
Number Employees:
1-10 people
Description:
The Tea Spot produces, markets, and distributes innovative serving and steeping products for loose leaf teas, as well as a line of unique blends of loose leaf teas. The company’s strategy is to make its brand synonymous with the emerging category of loose-leaf tea and to make its patented, customer-driven products the staples of all tea drinkers and foodservice establishments. The company is poised for significant growth as the industry leader in the specialty tea and teaware niche. Founded in 2004, the company attained profitability in Q4 2008 after sustaining 100% year over year growth since inception. The company’s products are already sold in 700+ stores nationwide, and we are expecting our products to be in over 1,500 stores by the end of Q1 2009. The company is also experiencing strong growth (200% year-over-year) in its internet-based sales on the company website. Already featured in over 75 media spots, including “O” Magazine and Martha Stewart Everyday Food, the company has developed a strong, national brand and has only scratched the surface of market penetration. The company seeks $1M of growth capital, with a minimum investment of $350K.