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Tealbook Raises $50M Series B Funding Led By Ten Coves Capital

Dec 14, 2021•about 4 years ago

Amount Raised

$50 Million

Round Type

series b

Toronto

Description

TealBook, the leading supplier data foundation that autonomously enhances supplier data and powers e-procurement technology has raised $50 million (USD) in Series B Funding led by Ten Coves Capital. Other notable investors include: BDC Capital, Grand Ventures, Royal Bank of Canada, Reciprocal Ventures, Refinery Ventures, S&P Global, Stand Up Ventures, RTP Global, Workday Ventures, Good Friends, an early-stage venture capital firm started in 2019 by the founders of Warby Parker, Harry's and Allbirds, along with debt financing from CIBC Innovation Banking. TealBook will use the funding to accelerate its data roadmap, introduce new partnerships and integrations, and expand their team to fuel global expansion.

Company Information

Company

Teal Book

Location

Toronto, Ontario, Canada

About

TealBook is advancing the world through supplier data by empowering the digital enterprise with an autonomously enriched supplier data foundation that powers e-procurement technology, drives supplier diversity, and enables supplier performance. Using AI and ML, TealBook gathers, predicts, and refines supplier data to build the world's most comprehensive supplier intelligence. When there are supply chain disruptions, companies leverage TealBook to identify emergency sourcing options; when it's business as usual, they use TealBook's technology to unleash full procurement possibilities. TealBook has been adopted by Fortune 100 companies and is the winner of many prestigious awards including Spend Matters 50 Vendors to Know, ProcureTech100 and Gartner's Cool Vendor. For more information, visit www.tealbook.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech