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Tengiva, First Of Its Kind Digital Supply Chain Platform For The Textile Industry, Raises $4.95 Million In Seed Funding

May 04, 2022•over 3 years ago

Amount Raised

$4.95 Million

Round Type

seed

Description

Tengiva, the first digital supply chain platform for the textile industry, today announced that it has raised CAD$4.95 million in seed funding. The funding round was led by Fonds Ecofuel with participation from Inovia, Anges Québec, Active Impact Investments, and N49P. The funds raised include $1.7 million in commercialization funding from the Investissement Québec Innovation Program and a $100,000 grant from the Sustainable Development Technology Canada (SDTC) Seed Funding program.

Company Information

Company

Tengiva

About

Headquartered in Quebec, Canada, Tengiva is a digital supply chain platform for the global textiles industry. The company was founded in 2018 to address the supply chain and distribution challenges experienced by textile manufacturers and apparel brands. Today, the Tengiva platform enables real-time and direct online sourcing of textiles for apparel brands in 30 countries around the world. For additional information, visit Tengiva.com. *Grand Review Research. (Feb. 2020). Textile Market Size, Share & Trends Analysis Report By Raw Material (Wool, Chemical, Silk, Cotton), By Product (Natural Fibers, Polyester, Nylon), By Application, By Region, And Segment Forecasts, 2020 - 2027.