It is not surprising that tea is one of the most consumed drinks in the UK. We go way back with the tasty beverage to have reached this point wherein there are over 1500 different types of teas to sample from. UK based Bird & Blend Tea Co. is a tea mixologist startup that aims to bring this flavourful drink to more people, and cater to the needs of those who require more than just a simple brew. The startup has also raised £1 million in its latest funding round.
Over 1800 investors, £18M valuation
Bird & Blend Tea Co. raised its latest funds via a crowdfunding campaign, on Crowdcube. The startup secured £1 million from over 1800 investors , which brings its total funding raised till date over £1.3 million, following its first raise in 2017. In a conversation with UKTN, the company’s Co-Founder & Creative Director Krisi Smith reveals that Bird & Blend was valued at a notable £18 million on Crowdcube, during this funding round.
The fresh funds will be utilised for supporting the company’s local high street expansion, investment in the wider development of its range of flavours, and build its ‘communiTEA’ via a digital innovation strategy. Four new brick and mortar stores are planned as well. “Bird & Blend Tea co. will be opening in Glasgow later in October’21, which will be the first store in Scotland. Our plan is to open four new stores a year and this year we have opened in Oxford, Norwich and Exeter. Watch this space for what is coming in 2022,” says Smith. ...