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    Breaking News

    Tespo Raises $3.5M in Series A Funding Led by DSM Venturing

    Health & wellness tech company will use funds to expand into personalized supplementation.

    04.17.18
    Tespo, a health and wellness technology company built on providing consumers all-liquid dietary supplements through a countertop dispenser, has closed a Series A round of $3.5 million. The financing round is led by DSM Venturing, the venture capital arm of DSM, a global science-based company active in health, nutrition and materials, and one of Tespo’s key strategic partners. 
     
    Tespo was created to provide consumers with a simpler way to take vitamins—by offering a pill-free liquid format dispensed at home.  Because the vitamins are provided in a liquid format Tespo is able to eliminate fillers and other non-active ingredients found in many traditional supplements. The company aims to reinvent how consumers purchase and consume vitamins, how they track their efficacy, and how consumers improve their overall wellness. 
     
    “Supplement consumers are seeking good tasting alternate delivery formats and demanding increased personalization.” said Ted Mills, CEO of Tespo. “Our technology addresses these demands.  We believe that everyone should be able to personalize their supplements, and Tespo is uniquely positioned to deliver on this promise. We offer consumers a convenient and simple way to remain compliant with a daily supplementation regimen.”
     
    Tespo Pods, a circular cartridge that contains 31 individually sealed servings of premium vitamin powder enables Tespo to customize nutritional supplements to the unique needs of their consumers. When combined with the Tespo Dispenser, the company has created a convenient, pill-free way to remain compliant with a daily supplementation regimen. 
     
    Mr. Mills continued, “Furthermore,as a global leader in scientific research on the role of micronutrients for specific health benefits,DSM is an ideal partner as we continue to develop products that address growing consumer demands.”
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