Numi gets backing from TBL Capital
TBL Capital is injecting $1.8 million into Numi Tea with its sights on expanding the premium tea company's operations across the board. The capital venture fund that invests in socially responsible companies says the resources are intended to support penetration into new markets, drive new product development and increase firm's marketing activity. TBL Capital's move is the latest in a series of bids by investor groups and large companies to capitalize on health- and sustainability-promise driven brands that continue to fuel growth in the natural drink sector.