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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
Investors in Hoop Tea
Hoop Tea has secured backing from 1 investor. Prominent investors backing the company include Anheuser-Busch.
| Investor | Description | Founded Year | Domain | Location |
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Beer is brewed and marketed globally by Anheuser-Busch.
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Investor details for Hoop Tea
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- Investor locations
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Investments & Acquisitions by Hoop Tea
Investment portfolio details for Hoop Tea
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- Transaction dates
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Financial Statements - Hoop Tea
Detailed financials for Hoop Tea
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- Profit trends
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Hoop Tea Comparisons
Peer comparison for Hoop Tea
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- Named peers
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Speciality coffee and tea brand
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Tea is manufactured and distributed by Argo Tea internationally.
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Coffee roasters and chain of cafes
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Tea and food preparation equipment is manufactured by Cuzen Matcha.
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A variety of flavored teas is sold by HTeaO brand.
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Organic and herbal teas are retailed online to customers.
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Detailed competitors of Hoop Tea
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Latest news on Hoop Tea
Complete news archive for Hoop Tea
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Frequently Asked Questions about Hoop Tea
Hoop Tea was founded in 2013 and raised its 1st funding round 7 years after it was founded.
Hoop Tea is headquartered in Ocean City, United States. It is registered at Ocean City, Maryland, United States.
Danny Robinson is the current CEO of Hoop Tea. They have also founded this company.
Hoop Tea is a funded company, having raised a total of $151.07K across 1 funding round to date.
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.
Hoop Tea's top competitors include Peet's Coffee & Tea, Trilliant Food & Nutrition and La Colombe.
Hoop Tea offers Spiked Iced Tea, Trucker Hat, Peace Love Hat, Boardwalk T-Shirt, and Rethink Your Day Ringer T-shirt.
Hoop Tea has 1 investor. Key investors include Anheuser-Busch.