Teaspressa
We exist to simplify luxury, making mindful, elevated experiences accessible right at home.
About the Business
Founded in 2015, Teaspressa is a Phoenix-based beverage innovation company built on relentless resourcefulness and a mission to elevate the everyday drinking experience. From a patented method for brewing tea like espresso to patent-pending shelf-stable drink mixer cubes and award-winning beverage accessories, Teaspressa turns original ideas into entirely new ways to enjoy drinks.
Bootstrapped without outside investment, the company manufactures in Phoenix and has grown across wholesale and DTC, with products offered in more than 8,000 retail locations. Now poised for its next chapter of scale, the company is open to a strategic acquisition that can take its brand, innovations and IP to a global stage.
Allison DeVane
Allison DeVane has built Teaspressa the scrappy way: with no outside investors, relentless resourcefulness and a laundry cart her mom found at a garage sale. She began peddling tea on the streets of downtown Phoenix with a vision to reinvent how the world experiences beverages.
After Shark Tank questioned whether her ambitious model could be done, she did it anyway, building four nationally recognized cafés across two states while manufacturing, wholesaling and selling DTC. When COVID changed everything, Allison reinvented the company around products she invented herself, ultimately growing Teaspressa into a multimimillion-dollar brand offered in 8,000+ retail locations. An inventor and tastemaker at heart, Allison has spent more than a decade doing what entrepreneurs do best: finding a way when one doesn't exist.
Inside the Fellowship
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Fellows
45+
States
20+
Industries
$500M+
Economic Power