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
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, will provide economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session will also include a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...