We are very excited to announce our most recent investment! Tealbook is a Toronto-based company that empowers procurement teams with a platform that leverages advanced AI to deliver better visibility, increased accuracy and effortless analytics across the supplier base.
Today, Tealbook announced that it has closed $5.0M in a Seed+ funding round led by Refinery Ventures. Grand Ventures, Workday Ventures, Stand Up Ventures, and BDC Capital’s Women in Technology Venture Fund also participated in the round. The investment will be used to fuel product innovation and drive sales and marketing initiatives, further expanding the company’s global footprint.
Stephany Lapierre, CEO and founder of Tealbook, stated “We are excited to welcome experienced investors that recognize the unique opportunity Tealbook presents in proactively delivering a trusted source of supplier data that’s critical to procurement digital transformation. Leading with data versus technology is the shift required for a competitive, agile and frictionless procurement function that can effectively support the growing demands of the business.”
Read more here.