Tealbook Inc., a Toronto, Canada-based supplier data platform provider, closed a $14.4m (USD) Series A funding round.
The round was led by RTP Global with participation from BDC Capital, Grand Ventures, Reciprocal Ventures, Refinery Ventures, S&P Global, Stand Up Ventures and Workday Ventures and with debt financing from Silicon Valley Bank.
The company intends to use the funds to support the platform’s continued innovation, and drive sales and marketing initiatives further expanding its global presence.
Led by Stephany Lapierre, CEO and founder, Tealbook provides a supplier intelligence platform for buyers to obtain data needed to make critical decisions. The system leverages machine learning and AI to provide transparency, agility and insight to the supply chain e-procurement ecosystem.
Tealbook has been adopted by Fortune 100 companies across multiple sectors.