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A tea-subscription startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow
Startup of the Year discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, our Podcast & more.
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Free Your Tea
Free Your Tea is a personalized tea subscription that discovers and delivers premium, loose leaf teas.
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Free Your Tea is developing a platform for managing direct-to-consumer personalized subscription services for any type of product in local, national, and international markets. We use ratings and preferences to help our subscribers find their new favorite teas by tailoring monthly tea shipments to their tastes based on ratings and preferences.
The company currently operates a personalized tea subscription service that discovers and delivers teas tailored to taste through freeyourtea.com
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What's Innovative About Their Solution?
We use preference and rating data to help subscribers discover their favorite teas.
We personalize subscriptions so that subscribers enjoy their experience more and remain subscribers longer.
This means that instead of the inefficient current model of most subscription ecommerce companies where they ship products to subscribers and get much of it in return before subscribers cancel, we work with subscribers to make sure before shipping that they will like the product and build long term relationships.
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📍 Location
New Orleans, LA
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⚙️ Product Stage
First Full Release
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🏭 Industries
E-Commerce, Food and Beverage, Consumer Products
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🤑 Fundraising Status
Actively raising
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💸 Total Funding
To Date
$0-100k
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🙌 Founder Demographics
Female founder
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Big Wins
In 2018, Free Your Tea increased subscribers by over 7x with an average monthly retention rate of 87% and an average monthly growth rate of 20%. They raised the first half of a pre-seed round and were featured in Glamour, The Advocate, Gambit, and NOLA.com.
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Contact the Founder:
Knud Berthelsen
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Further Your Passion For Startups
The Startup of the Year Podcast raises the bar for startups around the world by providing further insight on the emerging companies featured in our Daily Dealflow newsletter and by highlighting newsworthy stories and global trends affecting the startup ecosystem. |
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The Daily Dealflow is made possible thanks to the support of our amazing partners.
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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
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