On December 14, 2021, TealBook announced its US$50 million Series B financing round led by Ten Coves Capital, a US-based FinTech-focused growth equity firm. TealBook will use this financing to accelerate its data roadmap, introduce new partnerships and integrations, and expand their team to fuel global expansion.
TealBook is a Toronto-based supplier data foundation that uses Artificial Intelligence and Machine Learning to enable supply-side innovation and power e-procurement tech stacks.
Osler, Hoskin & Harcourt LLP advised Ten Coves Capital with a team consisting of David Jamieson, Chres Lee, and Dhananjay Ghildyal (Emerging & High Growth Companies).