Pigtown Tea Maker Looks To Raise $2 Million (BBJ Story)
A Pigtown-based company that markets high-caffeine, energizing tea blends is raising $2 million in new funding.
Zest Tea's new round was disclosed in a recent filing with the U.S. Securities and Exchange Commission. The company is looking to raise up to $2 million, the documents show. About $780,000 has already been raised from investors including Norway-based Momentum Partners and local funder, the Baltimore Angels. The raise follows on a $1 million round Zest Tea raised in late 2018. Zest Tea was co-founded by University of Maryland, College Park alumnus, James Fayal. His company creates teas that have as much caffeine as a cup of coffee, but minimize jittery effects and the "crash" that can often occur when consuming caffeine.