Participated · Seed · Dec 2022

Tea is a unified package manager, universal interpreter and virtual environment manager built to simplify how developers install and manage software packages. The company launched a CLI last month to challenge incumbents such as NPM and Homebrew and has attracted roughly 16,000 developers who have authenticated their packages with Tea. Tea was formally founded last November in Puerto Rico by Max Howell and Timothy Lewis and emerged from stealth in March backed by $8 million in funding, including participation from the venture capital arm of Binance. The team plans to build a web3 protocol that uses digital contracts and issues NFTs to package maintainers to evidence work and direct rewards, with the protocol’s core components remaining optional. Management says the protocol is expected to be available sometime in 2023 and that Tea will offer revenue-generating services on top of the protocol, including enterprise security and license-management tools. Tea builds an open-source web3 platform to automate sponsorship and compensation for open source developers. Its product issues utility tokens tied to projects and uses digital contracts so sponsors can receive perks like special access or license agreements guaranteeing developer support. Tea maintains a decentralized, immutable graph that registers projects and their dependencies; the company will bootstrap that graph from Homebrew. The platform adds a security layer to notify users and owners when parts of a stack break and includes a slashing mechanism to transfer project control if maintainers are unavailable. Tea describes its model as a "loyalty scheme" and uses an inflationary mechanism to allocate rewards proportionally across the ecosystem. The company is Puerto Rico–based and was co-founded by Max Howell and three fellow engineers; it announced an $8 million seed financing led by Binance Labs.