James Fayal
Baltimore-based Zest Tea raised $1 million in new funding as it seeks to expand its caffeinated, flavored tea product into retail and convenience stores.
The funding round was co-led by the Lord Baltimore Capital Group and the Maryland Momentum Fund, which is the venture fund run by the University System of Maryland.Each of the leaders contributed $300,000, and the company also received backing from angel investors.
Based out of the Wicomico building near Pigtown, the company’s tea products have as much caffeine as a cup of coffee, cofounder James Fayalhas said.
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