Welcome!

News Feed Item

Capital Teas, Inc. Secures $5M Investment for Expansion

Specialty Tea Company with 5-Generation Heritage in the Tea Trade to Expand Its Presence Rapidly

ANNAPOLIS, Md., March 27, 2014 /PRNewswire-iReach/ --

Capital Teas Attracts $5.0 Million in Series A Funding for Expansion

Capital Teas, Inc., a leading American specialty tea company, today announced it has raised $5.0 million in a Series A funding round through its new investor partner, Pear Tree Partners, LP.  Co-founders Peter and Manelle Martino will retain control of the company.

(Photo: http://photos.prnewswire.com/prnh/20140327/MN92030)

This financing will be used to expand Capital Teas' retail store presence and other sales channels to serve the rising U.S. consumer demand for specialty teas, to extend the company's reach to new geographies, to bolster online sales, and to accelerate wholesale sales to leading restaurants and hotels.  As one of the leading specialty tea providers in the United States, Capital Teas is committed to investing in expansion and in continued innovation surrounding high quality teas. Capital Teas will focus much of its employee growth during the coming year in the metropolitan Washington D.C. area.

Capital Teas was founded by Peter and Manelle Martino in 2007. Until mid-2010, it operated one small retail store in Annapolis. Since then, the company has opened an additional five retail locations plus a headquarters and warehouse in Annapolis. Its seventh store will open on Barracks Row in Washington D.C. this spring and additional stores are planned this year. Capital Teas encourages its customer to "Stop and smell the teasTM" at its unique multi-sensory sniffing walls, and at its most recent stores, has also begun to offer patrons the chance to sit and enjoy its teas at in-store tea bars.

Peter Martino, co-founder and CEO of Capital Teas said, "We have an ambitious plan, but we are blessed with a strong team, a great product line, an amazing heritage in the tea trade, and now a superb investment partner. This funding will not only help us expand faster, but will permit us 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."

Manelle Martino, Chairman of the company stated: "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.  We serve and sell teas from around the world, including tea from the very Ceylon tea estate that my great-great-grandfather planted.  We take pride in sourcing sustainable products that provide our customers with taste, health, and the human experience – all at the same time."

About Capital Teas, Inc.

Capital Teas is a leading specialty tea provider which sells over 200 high-quality teas and infusions plus a variety of modern teaware and tea accessories. The Company owns and operates six retail boutiques, some also with tea bars, in the metropolitan Washington, D.C. area; a seventh is slated to open soon.  Capital Teas was founded in in 2007 by Peter and Manelle Martino an extension of Manelle's five-generation family tradition in the tea trade.  In addition to its retail tea bars and boutiques, Capital Teas provides its specialty teas to many fine restaurants and hotels, and ships tea directly to online consumers around the country and internationally.  Its headquarters and distribution center is in Annapolis, Maryland.  For more information about the company call (410) 263-4555 or visit http://www.capitalteas.com.

Media Contact: Peter Martino, Capital Teas, Inc., 4102634555, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Capital Teas, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...