About Hoop Tea
Hoop Tea is a Consumer company based in Ocean City (United States) founded in 2013 by Danny Robinson, and was acquired by Anheuser-Busch in November 2021. Brand of tea. Hoop Tea has raised $151.07 thousand across 1 funding round from investors including Anheuser-Busch. Its chief executive, as recorded, is Danny Robinson. 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. Its focus areas include Food and Agriculture, Food & Beverage Products, Beverages and Coffees & Teas. Its legal entity is Hoop Tea, Inc. Its competitors include Peet's Coffee & Tea, Argo Tea and La Colombe; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Ocean City, United States
- Founders Danny Robinson
- Stage Acquired
- SectorsConsumer
- Email••••••••
- Website hooptea.com
- Social LinkedIn Facebook Instagram
- Acquired by Anheuser-Busch (Nov 2021)
- Legal Name Hoop Tea, Inc.
- Total Equity Funding$151.07K (USD)
in 1 rounds
- Latest Funding Round$151.07K (USD), Seed
Feb 2020
- Investors
- Acquired byAnheuser-Busch
(Nov 2021)
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.
- Total Funding $151,070
- Total Rounds 1
- Last Round Seed — $151,070
- First Round $151,070
(Feb 2020)
All 1 funding rounds of Hoop Tea with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2020 | $151,070 | Seed | – | – | – |
1 investors in total: 1 institutional.
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 |
|---|---|---|---|---|
Beer is brewed and marketed globally by Anheuser-Busch. | 1852 | anheuser-busch.com | St. Louis, United States |
Investor details for Hoop Tea
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People of Hoop Tea
1 people are tracked at Hoop Tea (1 in leadership).
| Name | Role | Group |
|---|---|---|
Danny Robinson | Founder & CEO | Leadership |
Complete people profiles for Hoop Tea
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Timeline of Hoop Tea
3 dated milestones of Hoop Tea across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Hoop Tea is founded.
- Funding First funding round of $151K.
- Exit Acquired by Anheuser-Busch.
Competitors of Hoop Tea
Hoop Tea has 3 listed competitors in our database, 2 of them funded. They include Peet's Coffee & Tea, Argo Tea and La Colombe.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| peets.com | 1966 | San Francisco, United States | 4,340 | Speciality coffee and tea brand | ||
| argotea.com | 2003 | Chicago, United States | $16.92M | 268 | Tea is manufactured and distributed by Argo Tea internationally. | |
| lacolombe.com | 1994 | Philadelphia, United States | $328.5M | 52 | Coffee roasters and chain of cafes |
Detailed competitors of Hoop Tea
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Web traffic of Hoop Tea
The website of Hoop Tea (hooptea.com) receives about 5.3K visits a month.
- Monthly visits5.3K
▼ 40.7% vs previous month
Websites whose visitors overlap most with Hoop Tea. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
beerboard.menu | beerboard.menu | 100% | #1,430,744 | – |
Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Hoop Tea (Food & Beverage Products & Processing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hens and cattle are reared to supply eggs and butter. | 2007 | Austin, Texas, United States | USD 49.96 M | USD 759.44 M | 598 | |
Provider of bakery-cafe services and a loyalty program | 1987 | St. Louis, Missouri, United States | USD 145.61 M | |||
Food, snacks, and beverages are produced and distributed globally. | 1898 | Purchase, New York, United States | USD 93.92 B | 319,000 |
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Related news about 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 CEO of Hoop Tea, as recorded in our data. 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. The company's 1st funding round was a Seed of $151.07K, raised on Feb 2020.
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, La Colombe and Argo Tea.
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.
Hoop Tea operates through Hoop Tea, Inc..
Yes. Hoop Tea was acquired by Anheuser-Busch in November 2021.