Tealbook in its $6.5 million seed financing extension




$6.5 million


Emerging and High Growth Companies

Date Closed

January 2020


Venture Capital

Lead Office



On January 22, 2020, Tealbook completed its $6.5 million seed financing extension led by Refinery Ventures. The funding will be used to accelerate growth and solidify its positioning, as well as expand its Cincinnati team. The financing will also be used to enhance Tealbook’s machine learning capabilities and drive global expansion by developing the platform for international users.

Tealbook is a Toronto-based company that is focused on making the process of sourcing suppliers more efficient for enterprises by using machine learning to supplement existing procurement software.

Refinery Ventures is a venture capital firm with a focus on making investments between post seed and Series A in early stage companies.

Osler, Hoskin & Harcourt LLP advised Tealbook with a team consisting of Chad Bayne, Alana McElhinney and Shalu Atwal (Emerging and High Growth Companies).

Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

Alana McElhinney

Alana McElhinney

Associate, Emerging and High Growth Companies

Shalu is an associate in the firm’s Emerging and High Growth Companies Group.

Shalu Atwal

Associate, Emerging and High Growth Companies