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 are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"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.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection. In his session at 18th Cloud Expo, Bradley Holt, a Developer Advocate with IBM Cloud Data Services, discussed...
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...