Allison DeVane founded Teaspressa in 2015, introducing concentrated, espresso-inspired tea shots. Despite not securing a deal on Shark Tank in 2016, the company experienced significant growth.
As of November 2023, Teaspressa’s net worth is estimated at $500,000, with annual revenues reaching $1 million. The brand has expanded its product line to include infused sugar cubes and other tea accessories, available online and in over 2,000 retailers across the U.S. and internationally.
Teaspressa remains a privately held company, with no public records of acquisitions or crowdfunding campaigns.
Teaspressa Net Worth
| Estimated Net worth | $500,000 (2016) Business Valuation |
| Annual Sales Revenue | $1 Million (2024) |
| Lifetime sales | Not available |
| Investor | None |
| Founder | Allison DeVane |
| Employees | 100 + |
Teaspressa Pitch on Shark Tank
| Company name | Teaspressa |
| Product | Concentrated, espresso-inspired tea shots |
| Episode | Season 07 Episode 20 |
| Founder | Allison DeVane |
| Asked for | $50,000 for 10% equity |
| Final deal | No deal |
| Sharks | None |
| Location | Indian School Rd, Phoenix, Arizona |
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Teaspressa Founder
Teaspressa was founded by Allison DeVane in 2015. DeVane’s entrepreneurial journey began in 2015. He is very smart and committed to his work. Teaspressa’s founder, Allison DeVane, has a net worth of USD 500,000 as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2016 | Teaspressa appeared on Shark Tank. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Teaspressa and its continued success.
