Fundraising Fox

tea

San Juan, US · Founded 2021 · Puerto Rico corporation · 18 employees on LinkedIn · 3 known investors

tea is a web3 rewards protocol for open-source software that uses a Proof of Contribution ranking algorithm to measure the impact of OSS projects. It operates as an incentive layer integrated with major software package managers including Homebrew, npm, APT, Crate, PyPI, RubyGems, and pkgx.

Also known as TEA Association · tea protocol · tea.xyz · teaxyz

Founders & leadership

tea was founded in 2021 by Timothy Lewis and Maxim Howell.

TL
Timothy LewisCo-founder
MH
Maxim HowellCo-founder
TP
Terren PeizerNamed on SEC filing
TW
Troy WongNamed on SEC filing
VG
Varun GuptaNamed on SEC filing
SW
Scott WalkerNamed on SEC filing

Investors · 3

Reported raises · per SEC filings

Form D private placements

$16.2M disclosed across 2 of 3 rounds · 2022–2026

$7.7MraisedNov 2022 · 19 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Scott WalkerExecutive Officer, Director
  • Timothy LewisExecutive Officer, Director
  • Troy WongExecutive Officer
  • Maxim HowellExecutive Officer, Director
  • Varun GuptaExecutive Officer
  • Terren PeizerDirector
Offering amount
$7.7M
Amount sold
$7.7M
Minimum investment
$45K
First sale
Jan 2022
Incorporated
Corporation, Puerto Rico, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8.5MraisedNov 2022 · 6 investors · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • Terren PeizerDirector
  • Troy WongExecutive Officer
  • Timothy LewisExecutive Officer, Director
  • Varun GuptaExecutive Officer
  • Maxim HowellExecutive Officer, Director
  • Scott WalkerExecutive Officer, Director
Offering amount
$8.5M
Amount sold
$8.5M
Minimum investment
$45K
First sale
Jul 2022
Incorporated
Corporation, Puerto Rico, 2021
Federal exemptions
06c
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

tea is a decentralized protocol intended to improve the sustainability and integrity of the software supply chain by letting open-source developers capture value from the code they publish. The protocol's core mechanism, Proof of Contribution, assigns each registered open-source project a dynamic score called teaRank, based on the project's position within, and use by, the wider OSS dependency graph over time. Developers search for eligible GitHub projects through the tea web app, register a project by creating a "project constitution," and then receive rewards tied to the project's measured influence, as well as donations from other community members. The protocol is presented as being built by the creator of Homebrew and covers packages from RubyGems, Crates, npm, PyPI, APT, Homebrew and pkgx.

The stated product ecosystem comprises TEA L2, a purpose-built Ethereum Layer-2 with a GPG/PGP precompile that embeds rewards into the network; TEA DePin, a decentralized node network for storage, validation and uptime; the Chai Oracle, which ranks open-source projects via teaRank; tea Rewards, a permissionless distribution system based on cryptographic signatures; PKGX, a web3-native package manager for discovering, installing and verifying software; and a Universal App Store for open source, AI and software distribution. Public code repositories under the teaxyz GitHub organization include the white paper, the chai package dataset, teaBASE (a developer cockpit), the $TEA ERC-20 token contract, forks of Optimism/geth components maintained with Nethermind, a CGT bridge, and a public record of code audits.

The protocol is governed through the tea Association, a legal entity accountable to teaDAO. TEA is an ERC-20 token used as an access key to protocol features; holders can stake it to specific OSS projects and submit software vulnerability reports. tea has run an Incentivized Testnet (ITN) using testnet-only TEA tokens, in which participants earn non-transferable points for registering OSS projects, staking testnet tokens, and referring other developers.

Business model

tea operates as a token-based protocol rather than a conventional software vendor. Value flows through the TEA ERC-20 token: emissions reward OSS project developers, community members and project supporters; staking secures the supply chain and supports registered projects; and gas fees collected from protocol usage are largely returned to the community via the emissions pool, with a portion earmarked for node operations as the network decentralizes. The tea Association holds treasury and ecosystem allocations and administers issuance under DAO oversight.

Protocol usage generates gas fees denominated in TEA; the majority of these fees are recirculated to the community through the emissions pool, with additional distribution earmarked for node operations. Token allocations fund protocol development, the ecosystem and governance fund, and treasury operations rather than a subscription or licence fee.

Traction

The teaxyz GitHub organization hosts 19 repositories, with the white-paper repository at roughly 7,900 stars and 809 forks, teaBASE at 976 stars and the chai package dataset at 208 stars. The Incentivized Testnet drew participation described by the company as exceeding expectations, prompting a phased rollout of challenges starting with the top 50,000 point earners.

Latest developments

The tea mainnet is scheduled to launch on 2026-06-04, with token genesis estimated in Q2 2026 and approximately 20% of the 100 billion TEA supply unlocked at launch. ITN challenges are being released in phases, and the TEA token is available on CoinList. Repository activity continued into 2026 across the L2 client forks, the chai dataset and the audits repository.

Full profile — market position, technology, go-to-market, geography, risks & controversies

Market position

tea positions itself as an incentive and reputation layer for the open-source ecosystem, spanning multiple major package managers and associated with the creator of Homebrew.

tea's stated differentiators are its Proof of Contribution consensus and teaRank scoring of dependency-graph impact rather than manual grants, direct integration with mainstream package managers, a purpose-built Layer-2 with a GPG/PGP precompile for signature-based rewards, and a governance-balanced token with inflation capped at 2% annually and unclaimed rewards recirculated to the emissions pool.

Technology

The protocol's consensus mechanism, Proof of Contribution, quantifies the impact of OSS projects and produces the teaRank score, computed by the Chai Oracle over tea's package dataset (chai). Rewards are distributed permissionlessly against cryptographic signatures, with signed commits anchoring project identity. tea is building a purpose-built Layer-2 scaling Ethereum that embeds a GPG/PGP precompile, alongside a decentralized node layer (TEA DePin) for storage, validation and uptime. Repositories indicate forks of Optimism and geth clients and a bridge contract. The TEA token is deployed as an ERC-20 at 0x7eA7ea50ed58BC4d0a9194bCD328E21F7Be80c2B on Ethereum, with a bridged contract on Base at 0xa1A0B2E02B0E6830aD5A4A7211691200945d8919.

Go-to-market

Adoption is driven through developer self-registration of GitHub projects in the tea web app, an Incentivized Testnet with a points system and quests, a public OSS leaderboard ranking projects by teaRank, a newsletter and waitlist, open-source repositories and a published white paper. Testnet reward phases are rolled out in tiers, beginning with the top 50,000 ITN point earners (the "Early Grey Group") before a general release to the wider community. The TEA token is listed as available on CoinList.

Open-source software developers and package maintainers publishing to registries such as npm, PyPI, RubyGems, Crates, APT, Homebrew and pkgx; token holders and community members who stake to and donate to OSS projects; and security researchers who submit vulnerability reports.

Geography

The protocol is operated by the tea Association and is global and permissionless in design; testnet reward points are not redeemable by U.S. residents and other U.S. persons, nor by residents of sanctioned or embargoed jurisdictions.

Risks & controversies

The company's own disclaimers state that acquiring TEA tokens carries inherent risks and speculative elements and that purchasers may lose the entire purchase price with limited protection. Testnet points are non-transferable and are not redeemable by U.S. persons or residents of sanctioned jurisdictions, indicating regulatory constraints on participation. Token genesis and mainnet dates are forward-looking and subject to change, and inflation and burn-rate adjustments depend on decisions by the tea Association and teaDAO.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Circulating supply unlocked at mainnet launchJan 202620%
Cliff period for early supporters, strategic partners and core contributorsJan 202612 months
Early Grey Group size (top ITN point earners)Jan 202650,000 participants
Estimated token genesis dateJan 2026Q2 2026
GitHub chai repository starsJan 2026208 stars
GitHub teaBASE repository starsJan 2026976 stars
GitHub white-paper repository forksJan 2026809 forks
GitHub white-paper repository starsJan 20267,887 stars
Maximum annual inflation rateJan 20262%
Public repositories in teaxyz GitHub organizationJan 202619 repositories
TEA total token supplyJan 2026100,000,000,000 TEA tokens
Token allocation: Early Supporters & AdvisorsJan 202616%
Token allocation: Ecosystem & Governance FundJan 202621%
Token allocation: Incentives & AirdropsJan 202628%
Token allocation: Protocol Development (core contributors)Jan 202618%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 1

by search overlap

Companies competing with tea for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 3

launches, deals, and filings
Jun 2026
tea mainnet launch scheduled

The company states that tea's mainnet is set to launch on 4 June 2026, with approximately 20% of the total TEA token supply unlocked into initial circulation at launch.

source ↗

Jan 2026
TEA token listed on CoinList

The company's website states that tea is available on CoinList.

source ↗

Jan 2026
Phased rollout of Incentivized Testnet challenges

Following higher-than-expected Incentivized Testnet participation, tea began rolling out challenges in phases: first to the "Early Grey Group" of the top 50,000 ITN point earners for early access to new features, then to the "Chai Chargers Group" in a general release.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
teaPuerto Rico

In the news

Research sources · 8

primary sources listed
  • teatea.xyz · web

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does tea do?
tea is a decentralized protocol that ranks and rewards open-source software projects using cryptographic proof of contribution.
Who founded tea?
tea was founded by Timothy Lewis, Maxim Howell in 2021.
Who are tea's investors?
tea's investors include Betaworks, Lattice Capital, Woodstock Fund.
How much funding has tea raised?
tea has disclosed $16.2M raised across 2 of its 3 known rounds.
Where is tea headquartered?
tea is headquartered in San Juan, US.