Here's What Happened To Teaspressa After Shark Tank

Before she was a tea drinker and tea-focused entrepreneur, Allison DeVane was a committed coffee drinker with a love for fancy espresso drinks, including lattes, cappuccinos, cortados, and macchiatos. But when coffee started giving her excruciating headaches, the founder of Arizona-based Teaspressa turned her attention to high-end, full-flavored teas, which she found she could enjoy without the physical side effects, per the Gazette Review. She converted a bicycle into a tea cart and pedaled the streets of Phoenix peddling concentrated tea beverages that look and taste like espresso — right down to the foam and artistic flourishes on top, per Square.

The tea business suited her hustle and entrepreneurial spirit. And before long, DeVane celebrated her selection as a Tory Burch Foundation Fellow (the grant program helps female startup founders grow and scale their business concepts) and pitched herself and her fledgling business to the superstar investors and business strategists on ABC's "Shark Tank," per Square.

DeVane didn't land a deal with the Sharks — nor did she have an easy time with them, per the Shark Tank blog. But her appearance on the show gave Teaspressa a lift.

From Shark Tank to tea cafes

Allison DeVane went on "Shark Tank" Season 7 to request $50,000 for a 10% share of her business. She served the sharks tea, which they enjoyed, but her pitch was muddled. The sharks had a lot of questions — namely, what exactly was her product? DeVane told the sharks that she wanted Teaspressa to be "the Starbucks of tea” and that she would use the money to expand her retail and e-commerce presence, per the Shark Tank blog

DeVane left the show with great advice but no backer. "My favorite piece of advice was from Lori, to crawl and as the business grows walk with it, run, then later sprint when the time is right," she told Heavy in 2016.

Online Teaspressa sales blossomed thanks to "Shark Tank," Heavy reported. DeVane took that as an opportunity to open her first tea cafe in Scottsdale, Arizona. She later opened several more shops in Arizona, as well as one in Michigan — and then the pandemic happened. "2020 was going to be the year for us,” DeVane told Phoenix's ABC15 in 2021. Instead, Teaspressa closed its shops (except for the Scottsdale location) and put plans for new locations on hold.

Teaspressa is flourishing online

While the COVID-19 pandemic negatively impacted Teaspressa's brick-and-mortar business, its online presence is booming. Teaspressa sells its tea and sugar cubes online, in addition to offering a tea subscription service. Tea lovers can order regular shipments of their favorite tea blends, as well as liquid flavor "elixirs" to add to their tea.

Retail business is a strong brew, and Teaspressa has expanded its offerings. The company's line of infused sugar cubes and other tea embellishments is available at Anthropologie, Nordstrom, and other retailers. The products aren't cheap, though — an 18-piece set of sugar cubes will set you back $30 at both stores, as well as on the Teaspressa website.

Teaspressa's annual revenue is around $1 million, according to the Shark Tank blog. It may be different from what founder Allison DeVane originally had in mind on "Shark Tank," but she's found a way to make the business work.