Startup with growing Cincinnati team lands $50M in funding


A startup backed by Refinery Ventures continues to build its capital stack.

Toronto-based Tealbook, which has a growing team in Cincinnati, announced recently the completion of a $50 million Series B round to fuel its growth. The round was led by Connecticut-based private equity firm Ten Coves Capital. In an email, Tim Schigel, co-founder of Refinery, confirmed the Over-the-Rhine-based firm participated in the raise.

Tealbook, founded in 2014, is a intelligence platform for suppliers that wants to revolutionize the way buyers obtain data. Tealbook leverages machine learning and artificial intelligence to provide transparency, agility and insight to the supply chain e-procurement ecosystem.

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Story excerpt provided by Cincy Inno.

Written by Meg Erpenbeck.

Originally published December 21, 2021.

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