# Tea

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

- Industry: IT Infrastructure
- Headquarters: San Juan, Puerto Rico
- Website: www.tea.xyz
- Total disclosed funding: $17M
- Latest round: Seed (Dec 6, 2022)
- Investors on record: 14

## About

Based in San Juan, Puerto Rico, and founded in 2021, Tea inc. operates as an information technology infrastructure company that offers an open-source platform. The company was founded by its CEO Max Howell and Timothy Lewis. In March 2022, Tea.inc. raised USD 8 million in seed funding led by new investor Binance Labs, with participation from other new investors Coral Capital Management, DARMA Capital, Lattice Capital, and MAKE Group.

Tea offers a blockchain and web3 technology-based developer stack—seated open-source toolkit software platform that enables developers to design and operate on any platform, do continuous integration and deployment on any platform, and distribute to any platform on the internet for their consumers.

The company plans to use the March 2022 funds to hire additional resources to continue work on the protocol, software, and the development of the community.

## Funding rounds

- Seed, Dec 6, 2022, $8.9M — Betaworks Ventures Management, Round13 Capital, StrongBlock, Percival VC, Acuitas Group Holdings, wax.io
- Seed, Mar 23, 2022, $8M — YZi Labs, DARMA Capital, SVK Crypto, Woodstock, Humla Ventures, DNA Fund, Lattice Capital, MAKE Group

## Investors

- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Seed
- DARMA Capital — Seed
- SVK Crypto (https://capitalatlas.ai/funds/svk-crypto) — Seed
- Woodstock (https://capitalatlas.ai/funds/woodstock) — Seed
- Humla Ventures (https://capitalatlas.ai/funds/humla-ventures) — Seed
- DNA Fund — Seed
- Lattice Capital (https://capitalatlas.ai/funds/lattice-capital) — Seed
- MAKE Group — Seed
- Betaworks Ventures Management (https://capitalatlas.ai/funds/betaworks-ventures-management) — Seed
- Round13 Capital (https://capitalatlas.ai/funds/round13-capital) — Seed
- StrongBlock — Seed
- Percival VC — Seed
- Acuitas Group Holdings — Seed
- wax.io — Seed