About Halfday Tonics
Halfday Tonics is a company based in Cumberland (United States) founded in 2020 by Mike Lombardo and Kayvon Jahanbakhsh.. Halfday Tonics has raised $10.29 million across 2 funding rounds. Halfday Tonics offers products and services including Lemon Tea, Peach Tea, Raspberry Tea, Green Tea, and Variety Packs. Halfday Tonics operates in a competitive market with competitors including La Colombe, Harney, SkinTe, MyTeaPal and Snarky Tea, among others.
- Headquarter Cumberland, United States
- Founders Mike Lombardo, Kayvon Jahanbakhsh
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Sectors
Consumer
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Email
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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
$10.29 M (USD)
in 2 rounds
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Latest Funding Round
$7.29 M (USD), Series A
Aug 10, 2023
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Investors
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Employee Count
Employee Count
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Products & Services of Halfday Tonics
Halfday Tonics offers a comprehensive portfolio of products and services, including Lemon Tea, Peach Tea, Raspberry Tea, Green Tea, and Variety Packs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Low-sugar, gut-friendly lemon-flavored iced tea for daily consumption.
Gut-friendly peach-flavored iced tea with prebiotic benefits and low calories.
Low-sugar raspberry iced tea designed for health-focused refreshment.
Prebiotic-rich green iced tea offering classic flavor with minimal sugar.
Assortment of iced tea flavors for convenient sampling and purchase.
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Funding Insights of Halfday Tonics
Halfday Tonics has successfully raised a total of $10.29M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.29 million completed in August 2023. 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 2
- Last Round Series A — $7.3M
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First Round
First Round
(08 Oct 2022)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series A - Halfday Tonics | Valuation |
investors |
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| Oct, 2022 | Amount | Seed - Halfday Tonics | 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 |
Investments & Acquisitions by Halfday Tonics
| 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 - Halfday Tonics
| 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 |
Halfday Tonics Comparisons
Competitors of Halfday Tonics
Halfday Tonics 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 La Colombe, Harney, SkinTe, MyTeaPal and Snarky 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 |
Coffee roasters and chain of cafes
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| domain | founded_year | HQ Location |
Sells premium teas, blends, and accessories through online and physical stores worldwide.
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| domain | founded_year | HQ Location |
Collagen-infused tea drinks are offered by SkinTe online.
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| domain | founded_year | HQ Location |
Offers monthly specialty tea boxes and a mobile app for tea enthusiasts worldwide.
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| domain | founded_year | HQ Location |
Internet first brand of 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 Halfday Tonics
Frequently Asked Questions about Halfday Tonics
When was Halfday Tonics founded?
Halfday Tonics was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Halfday Tonics located?
Halfday Tonics is headquartered in Cumberland, United States.
Is Halfday Tonics a funded company?
Halfday Tonics is a funded company, having raised a total of $10.29M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Oct 08, 2022.
What does Halfday Tonics do?
Halfday Tonics was founded in 2020 by co-founders Mike Lombardo and Kayvon Jahanbakhsh in Cumberland, United States. The company operates within the beverage sector as an internet-first brand specializing in tea. Sales and distribution are managed primarily through the domain drinkhalfday.com, targeting direct-to-consumer channels. Tea-based tonics are provided as non-alcoholic options, with focus on online accessibility and e-commerce operations across the United States.
Who are the top competitors of Halfday Tonics?
Halfday Tonics's top competitors include La Colombe, SkinTe and Snarky Tea.
What products or services does Halfday Tonics offer?
Halfday Tonics offers Lemon Tea, Peach Tea, Raspberry Tea, Green Tea, and Variety Packs.