This TealBook company profile covers the company's valuation, revenue, funding rounds, investors and history. TealBook works in procurement technology, with a focus on supplier data. It was founded in 2014 and is headquartered in Toronto, Ontario, Canada. Its latest valuation on record is Acquired by Supplier.io; terms not disclosed (April 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Dec 2021 | Series B | US$50M, plus debt financing from CIBC Innovation Banking | Not disclosed | Ten Coves Capital (lead); BDC Capital, Grand Ventures, Royal Bank of Canada, Reciprocal Ventures, Refinery Ventures, S&P Global, Standup Ventures, RTP Global, Workday Ventures, Good Friends and others | TealBook press release |
TealBook timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2014 — TealBook is founded in Toronto by Stephany Lapierre (CEO).
- Dec 2021 — Series B: US$50M, plus debt financing from CIBC Innovation Banking. Investors: Ten Coves Capital (lead); BDC Capital, Grand Ventures, Royal Bank of Canada, Reciprocal Ventures, Refinery Ventures, S&P Global, Standup Ventures, RTP Global, Workday Ventures, Good Friends and others.
Investors
Overview
TealBook builds supplier data for large companies' procurement teams. Every big organization buys from thousands of suppliers, and keeping accurate information about them is surprisingly hard: company details change, certifications expire, ownership changes, and the same supplier often appears several times under different names in different systems. TealBook uses AI and machine learning to collect, verify and enrich supplier data automatically, so procurement teams can trust what's in their systems.
Stephany Lapierre founded TealBook in Toronto, and the company dates its beginnings to 2014. Before TealBook, she ran a strategic sourcing and procurement consulting firm for about a decade. She has described the original idea as coming from a client's binder full of suppliers' business cards, a vivid example of how manual supplier information can be.
Why supplier data matters
Poor supplier data causes real business problems:
- Missed savings: companies can't negotiate effectively if they don't know how much they spend with each supplier across the organization.
- Risk: outdated information can hide financial trouble, sanctions issues or compliance gaps in the supply chain.
- Diversity and sustainability goals: many large companies have targets for spending with diverse or sustainable suppliers, which requires accurate certification data.
- Slow sourcing: finding qualified new suppliers is hard without good data.
As procurement software has moved to the cloud, the quality of the data inside it has become the limiting factor. TealBook positions itself as a "supplier data foundation" that powers other procurement tools rather than replacing them.
Funding history
December 2021, Series B: US$50 million led by Ten Coves Capital. TealBook's press release listed a long roster of participants, including BDC Capital, Grand Ventures, Royal Bank of Canada, Reciprocal Ventures, Refinery Ventures, S&P Global, Standup Ventures, RTP Global, Workday Ventures and Good Friends. The Logic reported that CIBC Innovation Banking also provided debt financing. TealBook said it would use the money to accelerate its data roadmap, add partnerships and integrations, and grow its team for global expansion.
Earlier rounds came from Canadian and US venture investors. Trackers give different totals for TealBook's overall funding, so we haven't listed one.
The strategic investors stand out. S&P Global is one of the world's largest providers of company and financial data. Workday makes enterprise finance and HR software, including procurement. RBC is one of Canada's largest banks. Each connects to TealBook's market in a different way: data, software distribution and enterprise customers.
Revenue: what's public
TealBook hasn't published its revenue or valuation, and we haven't found reliable company-reported figures. It sells subscriptions to large enterprises and partners with procurement software vendors, so its revenue is largely recurring, with contract sizes linked to the scale of a customer's supplier base and data needs.
Competitive landscape
Supplier data and procurement intelligence is competitive. TealBook competes with business information providers, supplier risk platforms, procurement software suites with their own supplier management modules, and internal data teams. Its differentiation is automated, AI-driven data collection and verification at scale, and its model of feeding clean data into whatever systems customers already use.
A note on women-led companies in Canadian tech
TealBook is one of the better-known Canadian enterprise software companies founded and led by a woman, and Lapierre has been active in supporting other women entrepreneurs, including through Toronto's DMZ incubator network. Women-led companies still receive a small share of venture capital in Canada and globally, which makes visible examples like TealBook important for the ecosystem.
What to watch next
Watch for new partnerships with procurement software vendors, product launches using generative AI for supplier discovery and data quality, and any new funding or acquisition activity. Broader demand drivers include supply chain risk management, sustainability reporting rules that require supplier data, and companies' efforts to cut costs through better procurement.
How procurement teams use supplier data
In practice, procurement teams use clean supplier data for a few core jobs. They consolidate duplicate supplier records so spending can be analysed accurately. They check certifications, such as diversity, sustainability and quality standards, before awarding contracts. They monitor suppliers for risk signals like ownership changes, financial distress or sanctions. And they search for new qualified suppliers when they need alternatives, for example after a supply chain disruption. Each of these depends on data being complete, current and consistent across systems.
The same principles apply to sales teams building prospect lists. Our guides on building a B2B lead list and firmographic data cover how to keep company data accurate.
Key facts at a glance
TealBook is a Toronto supplier data company founded by CEO Stephany Lapierre, with roots going back to 2014. In December 2021 it raised a US$50 million Series B led by Ten Coves Capital, with BDC Capital, RBC, S&P Global, Workday Ventures and others, plus debt financing from CIBC Innovation Banking. Supplier.io acquired TealBook in April 2026. It provided AI-driven supplier data to large procurement organizations and their software platforms.
How AI changes supplier data
Supplier data used to be maintained by asking suppliers to fill in forms, a slow process with low response rates and quickly outdated results. AI changes the approach. Instead of waiting for suppliers to update their information, systems can continuously gather public signals such as company websites, registries, certifications, news and filings, match them to the right supplier records, and flag changes automatically. Generative AI adds the ability to read unstructured documents and answer questions about suppliers in plain language. The hard parts remain accuracy and matching: making sure that "ABC Inc." in one system and "ABC Industries Ltd." in another are correctly recognised as the same company, or correctly kept separate.
Getting that matching right at the scale of a global enterprise, with tens of thousands of suppliers across many countries and languages, is where specialised providers aim to outperform general-purpose tools.
Accuracy, not volume, is what procurement teams ultimately pay for.
Measure it before you buy.
What this means if you're…
Selling to TealBook: a data and AI company buys data sources, machine learning infrastructure, security certifications and integration tools.
A procurement leader: start by measuring how many duplicate or outdated supplier records you have. That number usually makes the business case for better data on its own.
A founder: TealBook shows how deep domain experience, here a decade in procurement consulting, can become the insight behind a venture-backed company.
Latest developments (October 2026)
TealBook has been acquired by Supplier.io. The supplier data company was bought by Supplier.io in April 2026, which combined it with its own supplier intelligence data to launch a platform called Atlas, according to Supply & Demand Chain Executive and Pulse 2.0. Financial terms were not disclosed. Because it is no longer independent, the financial details in this profile describe TealBook's history as a private company.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does TealBook do?
TealBook is a procurement technology / supplier data company headquartered in Toronto, Ontario, Canada. It was founded in 2014.
What is TealBook's valuation?
TealBook was valued at Acquired by Supplier.io; terms not disclosed as of April 2026, according to Supply & Demand Chain Executive. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does TealBook make?
TealBook is a private company and has not publicly disclosed its revenue. Figures on third-party sites are usually modelled estimates rather than numbers reported by the company.
What was TealBook's latest funding round?
The most recent financing we have verified is a series b in Dec 2021: US$50M, plus debt financing from CIBC Innovation Banking. Source: TealBook press release.
Who are TealBook's investors?
Investors named in public announcements include Ten Coves Capital, BDC Capital, Grand Ventures, Royal Bank of Canada, Reciprocal Ventures, Refinery Ventures, S&P Global, Standup Ventures, RTP Global and Workday Ventures.
Who founded TealBook?
TealBook was founded in 2014 by Stephany Lapierre (CEO).
Is TealBook a public company?
No. TealBook is a private company (acquired by supplier.io (april 2026)), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is TealBook headquartered?
TealBook is headquartered in Toronto, Ontario, Canada. See our guide to raising money in Canada for context on the Toronto startup ecosystem.