|WHO||Supplier Procurement Software Developer|
|HOME BASE||Toronto, Ontario|
|JOBS MAINTAINED||11 FTE|
|JOBS CREATED||54 FTE (Projected)|
Tealbook Inc. is a developer of a software that allows companies to upgrade their supplier master lists from a static system to an enriched, automated and fully searchable database platform. Through machine learning, Tealbook is building knowledge on a growing number of suppliers (currently 4.1M with the goal to enrich supplier information on 100M companies). Tealbook allows large enterprises to make increasingly faster and better supplier related decisions. For suppliers, it enables them to manage and maintain their information in one centralized profile that connects to all of their existing and prospect customers.
SOFII funding provided working capital to increase staff in order to expand user engagement, broaden capabilities and scale up their solution to support many more clients and grow the supplier network.
"Being part of the SOFII program gave us the opportunity to hire more talent in order to support important development of our product."