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MatchaBar

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Matcha tea company est 2014

New York City, United StatesFounded 2014Food
Valuation $25–50M Last recorded · 2018
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About MatchaBar

MatchaBar was established in 2014 by brothers Max and Graham Fortgang, who pioneered America's first matcha cafe in Brooklyn, New York. Their journey began as a personal quest for a better energy alternative to coffee while they were students at New York University. This search led them to discover matcha, and they developed a daily ritual around the beverage, appreciating its ability to provide calm, focused energy without the jitters and crash associated with coffee.

The business began by sourcing its own ceremonial grade matcha blend from a family farm in Kagoshima, Japan. The company's primary mission was to introduce and popularize matcha in the United States, positioning it as a superior energy source for a modern, fast-paced lifestyle. The business model initially revolved around its physical cafes in New York and Los Angeles, which served a menu of signature matcha drinks. This direct-to-consumer approach in a cafe setting allowed them to educate customers about matcha's benefits firsthand.

Sensing a larger market opportunity, MatchaBar expanded its operations beyond the cafe walls. In 2016, the company launched a line of ready-to-drink (RTD) bottled iced matcha teas, which gained national distribution through retailers like Whole Foods. This strategic move marked their entry into the consumer-packaged goods sector. A significant evolution in their product line came with the introduction of 'Hustle,' a plant-based canned matcha energy drink, in 2018. The Hustle line was aimed directly at disrupting the conventional energy drink market, which was projected to grow substantially. This product line even attracted celebrity investors and ambassadors like Billie Eilish and Diplo. By early 2022, the 'Hustle' energy drink line was discontinued, though the company continues to sell its ceremonial grade matcha powders and instant latte mixes directly to consumers online.

Source: Dealroom company data

At a glance

Founded
2014
Headquarters
New York City, United States
Sector
Food

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Bullish

Series A1 investor entered at this stage

  • TGZ Capital
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about MatchaBar on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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