Royal Gypsy Tea Co., also known as Zhena’s tea, successfully raised $500,000 via an equity private placement. Seven investors participated to the non-brokered offering. The company raised an estimated $7.4 million in equity since 2009. Tiesta Tea an up and coming competitor raised close to $1 million this month.
Zhena’s Gypsy Tea is a pro-active purpose brand offering a selection of fair trade and socially responsible organic and biodynamic teas and herbs. The company aims at making a difference in people’s lives by offering only premium teas that benefit consumer’s health, the health of the planet and the livelihood of its suppliers.
The company, located in Commerce CA, was founded by Zhena Muzyka in 2009 and is lead by Sean Ryan (CEO) and Paula Muesse (COO and CFO). The board of directors include Scott Sipprelle and Zhena Muzyka.