Austin Foodshed Investors provided funding of $75,000 on Friday, 1/21/16, to Cat Spring Tea.
Cat Spring Tea harvests yaupon, the only native source of caffeine in North America. Led and owned by sisters Abianne Falla and Jenna Dee Detro, the company identified an opportunity to create a business from what some ranchers consider a weed.
Cat Spring Tea is committed to sustainable agriculture and second chance employment. They epitomize the values AFI seeks to support, including:
AFI assisted the win of a $250,000 USDA grant in 2015. AFI coordinated six individual lender/investors to fund this $75,000 loan for expenses approved as reimbursable by the grant. For an overview of the deal, and AFI's other Portfolio companies, please see the Deals section of our website.
Cat Spring has been all over the news. Here are a couple of the best:
News from AFI; Links to stories on business-for-good, private-company investing, fundraising, & sustainable food.