Tespo — a proprietary system similar to a single-serving coffee maker that contains an entire month of nutritional supplements servings in a recyclable disc — has announced plans to move its headquarters to the Michigan Life Science and Innovation Center in Plymouth Township.
Life Boost, the makers of Tespo, announced the move after coordinating with the State of Michigan and the Michigan Economic Development Corp. to secure a new, expanded headquarters.
“We needed more space to accommodate our rapid growth and staff expansion,” says Ted Mills, CEO of Tespo. “The Michigan Life Science and Innovation Center represents the ideal location for Tespo to develop new products and meet the needs of our customer base.”
The Tespo system aims to eliminate pills and elevate quality in nutritional supplements by providing liquid formulas with only active ingredients, forgoing additives, artificial ingredients, and fillers.
The announcement followed the company’s closing on another round of financing to support inventory purchases, and based on consumer demand, Mills projects a $5 million capital raise in mid-2017.