David's Tea picks up $14 million investment to fuel expansion
David's Tea, a specialty tea retailer from Canada, has received a $14 million minority investment led by Highland Consumer Fund. David's Tea, founded in 2008, has rapidly established itself as a major player in the Canadian gourmet tea market with 75 stores across the country and has also entered the US with two prime locations in New York City. Funding will be used to expand its retail operations in North America. The company will also establish a headquarters in the US as part of the deal. Highland Consumer Fund is a venture investment fund focused on consumer products, services and retail investment opportunities in growth-focused companies.