About Hoop Tea
Hoop Tea is a company based in Ocean City (United States) founded in 2013 by Danny Robinson was acquired by Anheuser-Busch in November 2021.. Hoop Tea has raised $151.07 thousand across 1 funding round from investors including Anheuser-Busch. Hoop Tea offers products and services including Spiked Iced Tea, Trucker Hat, Peace Love Hat, Boardwalk T-Shirt, and Rethink Your Day Ringer T-shirt. Hoop Tea operates in a competitive market with competitors including Peet's Coffee & Tea, Argo Tea, La Colombe, Cuzen Matcha and HTeaO, among others.
- Headquarter Ocean City, United States
- Founders Danny Robinson
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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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- Legal Name Hoop Tea, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$151.07 K (USD)
in 1 rounds
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Latest Funding Round
$151.07 K (USD), Seed
Feb 05, 2020
- Investors
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Employee Count
Employee Count
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Acquired by
Anheuser-Busch
(Nov 16, 2021)
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Products & Services of Hoop Tea
Hoop Tea offers a comprehensive portfolio of products and services, including Spiked Iced Tea, Trucker Hat, Peace Love Hat, Boardwalk T-Shirt, and Rethink Your Day Ringer T-shirt. 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.
Alcoholic iced tea in flavors like original and mango peach.
Branded hat for casual wear and promotion.
Another branded hat style for consumers.
T-shirt featuring company branding.
Casual t-shirt with motivational design.
Funding Insights of Hoop Tea
Hoop Tea has successfully raised a total of $151.07K through 1 strategic funding round. The most recent funding activity was a Seed round of $151.07 thousand completed in February 2020. 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 1
- Last Round Seed — $151,070
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First Round
First Round
(05 Feb 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Seed - Hoop 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 Hoop Tea
Hoop Tea has secured backing from 1 investor. Prominent investors backing the company include Anheuser-Busch. 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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Beer is brewed and marketed globally by Anheuser-Busch.
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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 Hoop 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 - Hoop Tea
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Hoop Tea Comparisons
Competitors of Hoop Tea
Hoop 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 Peet's Coffee & Tea, Argo Tea, La Colombe, Cuzen Matcha and HTeaO, 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 |
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| domain | founded_year | HQ Location |
Speciality coffee and tea brand
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| domain | founded_year | HQ Location |
Tea is manufactured and distributed by Argo Tea internationally.
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| domain | founded_year | HQ Location |
Coffee roasters and chain of cafes
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| domain | founded_year | HQ Location |
Tea and food preparation equipment is manufactured by Cuzen Matcha.
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| 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 and herbal teas are retailed online to customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Hoop Tea
Frequently Asked Questions about Hoop Tea
When was Hoop Tea founded?
Hoop Tea was founded in 2013 and raised its 1st funding round 7 years after it was founded.
Where is Hoop Tea located?
Hoop Tea is headquartered in Ocean City, United States. It is registered at Ocean City, Maryland, United States.
Who is the current CEO of Hoop Tea?
Danny Robinson is the current CEO of Hoop Tea. They have also founded this company.
Is Hoop Tea a funded company?
Hoop Tea is a funded company, having raised a total of $151.07K across 1 funding round to date. The company's 1st funding round was a Seed of $151.07K, raised on Feb 05, 2020.
What does Hoop Tea do?
Hoop Tea was established in 2013 in Ocean City, United States, with Danny Robinson serving as founder and CEO. Operations are centered on the beverage sector, where tea products are developed, branded, and marketed. Distribution occurs primarily within the United States, supported by the companys domain at hooptea.com. Focus remains on standard tea offerings without specified additional services.
Who are the top competitors of Hoop Tea?
Hoop Tea's top competitors include Peet's Coffee & Tea, Trilliant Food & Nutrition and La Colombe.
What products or services does Hoop Tea offer?
Hoop Tea offers Spiked Iced Tea, Trucker Hat, Peace Love Hat, Boardwalk T-Shirt, and Rethink Your Day Ringer T-shirt.
Who are Hoop Tea's investors?
Hoop Tea has 1 investor. Key investors include Anheuser-Busch.
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