About Argo Tea
Argo Tea is a company based in Chicago (United States) founded in 2003.. Argo Tea has raised $16.92 million across 4 funding rounds from investors including Breakwater Management. The company has 268 employees as of December 31, 2022. Argo Tea operates in a competitive market with competitors including HTeaO, JuneShine, Jiant, Long Island Iced Tea and Shaka Tea, among others.
- Headquarter Chicago, United States
- Employees 268 as on 31 Dec, 2022
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Sectors
Consumer
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.92 M (USD)
in 4 rounds
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Latest Funding Round
- Investors
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Employee Count
268
as on Dec 31, 2022
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Funding Insights of Argo Tea
Argo Tea has successfully raised a total of $16.92M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(01 Jan 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Series C - Argo Tea | Valuation | Breakwater |
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| Dec, 2010 | Amount | Series B - Argo Tea | Valuation |
investors |
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| Jan, 2009 | Amount | Series B - Argo Tea | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Argo Tea
Argo Tea has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Breakwater Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Breakwater Management is engaged in private equity investments for lower middle market businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Argo Tea
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Argo Tea
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Argo Tea Comparisons
Competitors of Argo Tea
Argo Tea operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HTeaO, JuneShine, Jiant, Long Island Iced Tea and Shaka Tea, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A variety of flavored teas is sold by HTeaO brand.
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| domain | founded_year | HQ Location |
Organic kombucha is brewed and distributed by JuneShine.
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| domain | founded_year | HQ Location |
Fresh-brewed hard teas and kombuchas are produced by Jiant.
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| domain | founded_year | HQ Location |
Tea-based beverages in various flavors are manufactured and marketed.
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| domain | founded_year | HQ Location |
Ready-to-drink teas in various flavors are distributed by Shaka Tea.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Argo Tea
Frequently Asked Questions about Argo Tea
When was Argo Tea founded?
Argo Tea was founded in 2003 and raised its 1st funding round 5 years after it was founded.
Where is Argo Tea located?
Argo Tea is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Argo Tea a funded company?
Argo Tea is a funded company, having raised a total of $16.92M across 4 funding rounds to date. The company's 1st funding round was a Series B of $8.63M, raised on Jan 01, 2008.
How many employees does Argo Tea have?
As of Dec 31, 2022, the latest employee count at Argo Tea is 268.
What does Argo Tea do?
Argo Tea was founded in 2003 in Chicago, United States, within the food and beverage sector. Tea products are manufactured and distributed to consumers domestically and abroad. Operations include global retail partnerships and cafes in Chicago, New York, St. Louis, Boston, and Beirut. Supplies are provided to distribution, food service, retail, and hospitality channels. Natural-ingredient teas and cold bottled variants are available in over 10,000 U.S. retail and supermarket outlets.
Who are the top competitors of Argo Tea?
Who are Argo Tea's investors?
Argo Tea has 1 investor. Key investors include Breakwater Management.
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