
HEYTEA
Founded Year
2013Stage
Series D | AliveTotal Raised
$579.23MValuation
$0000Last Raised
$500M | 3 yrs agoAbout HEYTEA
HEYTEA is the originator of 'New-Style Tea' and operates in the beverage industry. The company offers a variety of tea-based drinks made with real ingredients such as milk, fruit, and natural cane sugar, and is known for pioneering Cheese Tea. HEYTEA also provides a franchise partnership program to expand its brand and tea culture. It was founded in 2013 and is based in Shenzhen, Guangdong.
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Expert Collections containing HEYTEA
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HEYTEA is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.
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Latest HEYTEA News
Oct 18, 2024
HEYTEA Opens Its First Concept Store in Myeongdong, Seoul English SEOUL, South Korea, Oct. 18, 2024 /PRNewswire/ -- HEYTEA, the globally renowned New Style Tea brand, officially announces the opening of its first concept store in Myeongdong, marking a significant milestone in the brand's expansion into the Korean market. Since launching its first store in Seoul's Apgujeong district this past March, HEYTEA has quickly gained widespread attention among consumers, followed by the opening of its second store in Hongdae in July. The launch of the Myeongdong concept store will further solidify HEYTEA's presence and influence in Korea. Myeongdong is a famed shopping and tourist destination in Seoul, attracting both international visitors and locals with its wide array of global brands. As HEYTEA's first concept store in Korea, the three-story space embodies the brand's modern Zen aesthetic, creating a unique blend of tradition and modernity. Inspired by the classic Chinese literature "Lofty Mountains and Flowing Streams", the store design incorporates the elements of water—its form, color, and sound—capturing the fluidity and tones of water and integrating them into the building's facade as well as the second and third-floor interiors. The result is a harmonious space that offers an immersive experience of Asian tea culture. Amid the bustling energy of Myeongdong, this tranquil Zen-inspired environment allows visitors to enjoy the subtle aroma of tea, helping them find peace and relaxation, offering a peaceful retreat for those seeking a moment of respite in their busy lives. About HEYTEA HEYTEA began in 2012 in a modest, 300-square-foot shop situated in an alley in Jiangbianli, China. It revolutionized the entire tea beverage industry with their commitment to using only REAL ingredients, eliminating the use of creamer, artificial flavors and tea powders. HEYTEA is the originator of Cheese Tea, an innovative fusion of creamy cheese foam with fresh tea, captivating drinkers globally. Its New Asian Tea aims to refresh the traditional tea culture and provide innovative, high-quality tea experiences to a global audience. The brand's philosophy centers around delivering a sense of joy and tranquility through tea polyphenols, infusing life with moments of inspiration and calm. HEYTEA's core motto—JOY TEA INSPIRATION—reflects not just the pleasure derived from a cup of tea but the harmonious fusion of tea and creativity. With over 4,000 stores worldwide, HEYTEA has successfully expanded into markets such as the United States, Canada, the United Kingdom, Singapore, and Malaysia. The grand opening of the Myeongdong concept store in Seoul is not only the epitome of HEYTEA's "modern Zen" philosophy but also a significant step in the brand's continued expansion in Korea. Source: HEYTEA
HEYTEA Frequently Asked Questions (FAQ)
When was HEYTEA founded?
HEYTEA was founded in 2013.
Where is HEYTEA's headquarters?
HEYTEA's headquarters is located at Room 602C, Building B, Aerospace Science and Technology Plaza, Shenzhen.
What is HEYTEA's latest funding round?
HEYTEA's latest funding round is Series D.
How much did HEYTEA raise?
HEYTEA raised a total of $579.23M.
Who are the investors of HEYTEA?
Investors of HEYTEA include HongShan, BA Capital, Tencent, Hillhouse Capital Management, Temasek and 10 more.
Who are HEYTEA's competitors?
Competitors of HEYTEA include Tang Tea and 6 more.
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Compare HEYTEA to Competitors
Tang Tea is a tea beverage company that is engaged in the catering business. Its flagship brand Tang Tea offers a range of tea beverages and snack items that include fruit tea, cheese Chinese tea, milk tea, Yunyan milk foam, Longjing tea cake, shallot crisps, Huarong tang cake, and more. It manages franchised retail outlets in different parts of the country. The company was founded in 2009 and is based in Zhengzhou, China.
Chamate is a tea restaurant. It offers seafood and drinks. It also focuses on promoting Taiwanese cuisine and tea. It was founded in 2002 and is based in Shanghai, China.
Uncle.Q Lemon Tea specializes in fresh and healthy lemon tea beverages within the food and beverage industry. The company offers a variety of handcrafted lemon teas combined with different traditional Chinese tea bases, without any additives, ensuring a fresh and healthy experience for customers. Uncle.Q Lemon Tea targets the beverage sector with a focus on promoting Chinese tea culture and providing a unique tea drinking experience. It was founded in 2018 and is based in Guangzhou, Guangdong.
Dongyu Tea specializes in the agriculture sector with a focus on tea cultivation and biotechnology. It offers a range of tea products and utilizes biotechnological methods to support its agricultural practices. Dongyu Tea also provides opportunities for franchising to expand its market presence. The company was founded in 2017 and is based in Hanzhong, China.
Guming specializes in the beverage industry with a focus on tea-based drinks. The company offers a variety of freshly prepared tea beverages, ensuring quality and taste through a rigorous quality control process and innovative research and development. Guming primarily serves the beverage retail sector through a franchise model. It was founded in 2010 and is based in Hangzhou, Zhejiang .
Auntea Jenny is a company that focuses on the beverage industry, specifically in the domain of new-style fruit teas. The company offers a variety of fruit teas that are designed to be healthy, tasty, and affordable for young consumers. The company primarily sells to the beverage industry. It is based in Shanghai, China.
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