# Millennia TEA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/millennia-tea

- Industry: Consumer Products
- Headquarters: Saint John, Canada
- Website: www.millenniatea.com
- Latest round: Seed (Mar 7, 2022)
- Investors on record: 4

## About

Millennia TEA Inc. is a company focused on providing a comprehensive eCommerce platform that enables businesses to effortlessly create and manage their online stores, enhancing user engagement and transaction efficiency.Founded in 2016 by Tracy Bell, Millennia TEA Inc. operates from its headquarters in Saint John, Canada. The company focuses on empowering small to medium-sized enterprises and individual entrepreneurs through its eCommerce solutions. In March 2022, Millennia TEA Inc. raised an undisclosed amount of Seed funding co-led by Distributors Fund and returning investor SOSV, aimed at further expanding its business reach globally and enhancing its product offerings.The company offers a robust eCommerce platform designed to empower businesses to create their own online stores. This platform equips users with essential tools for website creation, customization, payment processing, inventory management, and customer engagement. Targeted at small to medium-sized enterprises and individual entrepreneurs, the services simplify the eCommerce experience, facilitating transactions and optimizing user experience from storefront creation to order fulfillment. Millennia TEA Inc. has expanded its market presence into North America, Europe, and parts of Asia, serving a wide array of industries including fashion and electronics.Revenue is primarily generated through subscription plans that provide clients with various service tiers tailored to their business needs. These subscription models involve monthly fees based on features accessed, such as advanced analytics and additional storage options. The platform also supports direct-to-consumer sales, enabling end-users to purchase through client eCommerce sites, and may include partnerships with retailers and wholesalers to enhance sales capabilities. Transaction fees on sales processed through the platform further bolster the company's structured, scalable revenue model.The recent Seed funding raised in March 2022 will be utilized to expand Millennia TEA Inc.'s business globally and to launch new products that enhance its eCommerce platform. The company is focusing on entering new markets, particularly targeting expansion in regions beyond its current presence in North America, Europe, and Asia by leveraging the latest funding to support these initiatives.

## Funding rounds

- Seed, Mar 7, 2022 — SOSV, Distributors Fund
- Seed, Apr 14, 2020 — SOSV, Natural Products Canada
- Seed, Dec 19, 2019 — SOSV, Food-X

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- Food-X — Seed
- Natural Products Canada (https://capitalatlas.ai/funds/natural-products-canada) — Seed
- Distributors Fund — Seed