United States-based startup TeaLeaf which facilitates the distribution of tea by offering a B2C marketplace for buying and selling tea, has raised $6 million with support from Dubai-based FasterCapital.
Founded by Maghi Lubun, and Roland Heath in 2020, TeaLeaf has joined FasterCapital’s Raise Capital program. The idea for TeaLeaf arose when the founders attended a tea-tasting event and noticed a lack of transparency in the industry, and fix that, they started working on a platform to provide consumers with access to quality tea at their fingertips.
FasterCapital’s Raise Capital program helps startups and SMEs worldwide by connecting them with angels and venture capital firms to get them funded. The accelerator utilizes an AI system and a complete team of financial experts, internal investors, and mentors.
Speaking of the development, Hesham Zreik, CEO of FasterCapital, in a press statement said,
“Working with startups around the world on raising capital over the last few years has definitely shown us clearly that fundraising is the biggest challenge startups are facing. FasterCapital is hopefully providing the right tools to face this challenge back and overcome it.”
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