TealBook provides an AI-driven data foundation that autonomously enriches supplier data across millions of global suppliers and integrates with ERP and e-procurement systems. The platform offers consolidated supplier views, insights, reporting, supplier search and outreach capabilities with minimal implementation. TealBook's integrations aim to automate data enrichment and reduce costs and resources tied to recurring services and supplier-managed portals. The company partners with SAP (SAP® PartnerEdge®), Workday, JAGGAER, Ivalua, GEP, EcoVadis, Beroe, RapidRatings, and RiskRecon to extend its reach. TealBook plans to use new funding to accelerate its data roadmap, introduce new partnerships and integrations, and expand its team to support global expansion. The company is led by founder and CEO Stephany Lapierre. Tealbook Inc. is a Toronto, Canada–based supplier intelligence and supplier data platform led by CEO and founder Stephany Lapierre. The platform leverages machine learning and AI to provide buyers the data needed to make critical decisions, offering transparency, agility and insight to the supply‑chain e‑procurement ecosystem. Tealbook has been adopted by Fortune 100 companies across multiple sectors. The company closed a $14.4M Series A round 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 secured debt financing from Silicon Valley Bank. Tealbook intends to use the funds to support continued platform innovation and to drive sales and marketing to further expand its global presence. Tealbook built a platform using machine learning to help enterprises source and access supplier data, and in 2019–2020 repositioned from a software/interface play to a data-first company that powers procurement software. The startup emphasizes granular supplier visibility and machine-learning-driven data to sit across a company’s technology stack and augment existing eProcurement systems. Tealbook was founded in 2014 and is led by CEO and founder Stephany Lapierre; the company has grown its team from about 20 employees with plans to expand to 30+ in the near term and 50 by year-end. The company cites a roughly $20 billion digital procurement market as its target opportunity and highlights government procurement spend as context for demand. Tealbook plans product work focused on enhanced ML capabilities, APIs, and internationalized platform versions in native languages to support global expansion.

Total raised

$69M

Funding rounds

5

Latest round

Series B

Latest activity

Dec 2021