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).