Ten Coves Capital led the round for the Toronto-based startup, with other investors including BDC Capital, RBC and S&P Global. CIBC Innovation Banking also provided debt financing. (The Logic)
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Ten Coves Capital led the round for the Toronto-based startup, with other investors including BDC Capital, RBC and S&P Global. CIBC Innovation Banking also provided debt financing. (The Logic)
Talking point: TealBook, which uses artificial intelligence to give insights about organizations’ supplier bases, said its revenue grew 350 per cent since raising its Series A in January. Procurement data could be especially valuable for companies at a time when the global supply chain has experienced widespread disruptions. In a statement, S&P Global’s Annette O’Hanlon said TealBook’s technology could also help companies meet their ESG requirements. Lightspeed, another Canadian company, has also targeted supply-chain management as an area of opportunity, with plans to roll out its supplier network to more businesses over the next few months.
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