Tealbook raises $18.2 million CAD as COVID-19 increases demand for supply chain solutions
Toronto-based data startup Tealbook has raised $18.2 million CAD ($14.4 million USD) in Series A financing as it looks to capitalize on pandemic-induced supply chain disruption.
The round was led by RTP Global. New investors include Reciprocal Ventures and S&P Global, while follow-on investors include BDC Capital, Grand Ventures, Refinery Ventures, Stand Up Ventures, and Workday Ventures.
“Everyone right now in procurement is looking for solutions to digitizing their function.” – Stephany Lapierre, founder of Tealbook
The Series A also involved debt financing from Silicon Valley Bank, and brings Tealbook’s total funding raised to date to approximately $30 million CAD ($22 million USD).