Some Like it Hot! Tupita Foods Lands $2.6 Million Seed Funding

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; Tia Lupita Foods has closed a seed round of <span class&equals;"xn-money">&dollar;2&period;6 million<&sol;span>&comma; underscoring rising demand for the brand&&num;8217&semi;s growing product portfolio and rapid expansion into major retailers across the nation&period; The entire round was raised by Mexican investors led by <u>Santatera Capital<&sol;u> and <u>GBM Ventures<&sol;u>&comma; strategic funds with established track records in the F&amp&semi;B and consumer products sector&period;<&sol;p>&NewLine;<p>This funding signifies not only a unified confidence in <span class&equals;"xn-person">Tia Lupita&&num;8217&semi;s<&sol;span> business model but also helps to further the company&&num;8217&semi;s growing presence in the &&num;8216&semi;better-for-you&&num;8217&semi; Mexican food segment&period; Early this year&comma; <span class&equals;"xn-person">Tia Lupita<&sol;span> first secured investment in Shark Tank from <span class&equals;"xn-person">Kevin O&&num;8217&semi;Leary<&sol;span>&comma; where the brand was catapulted to the national stage&period;<&sol;p>&NewLine;<p>&&num;8220&semi;With this large capital infusion&comma; we plan to grow our team&comma; accelerate new product development&comma; and expand into new markets&comma;&&num;8221&semi; said Founder <span class&equals;"xn-person">Hector Saldivar<&sol;span>&period;<&sol;p>&NewLine;<p><span class&equals;"xn-person">Tia Lupita&&num;8217&semi;s<&sol;span> origin story is centered on a family hot sauce recipe curated by Saldivar&&num;8217&semi;s mother&comma; <span class&equals;"xn-person">Tia Lupita<&sol;span>&period; Recognizing its commercial potential in <span class&equals;"xn-location">San Francisco<&sol;span> in 2018&comma; Saldivar asked for and received his mother&&num;8217&semi;s blessing to bring the sauce to market&period; Today&comma; the company&&num;8217&semi;s sustainable offerings have expanded to include Grain-Free Cactus Tortilla Chips&comma; Salsa Macha &lpar;Mexican Chili Crisp&rpar;&comma; and Cactus Tortillas&comma; signifying robust growth and diversification&period;<&sol;p>&NewLine;<p><span class&equals;"xn-person">Tia Lupita&&num;8217&semi;s<&sol;span> famed hot sauces and other delicious products are available at Whole Foods Market&comma; Publix&comma; HEB&comma; Sprouts Farmers Market&comma; Target&comma; Walmart&comma; Albertsons&comma; and other finer grocers from coast to coast&period;<&sol;p>&NewLine;