红桃视频

closed a $14.4 million Series A to accelerate growth as the global pandemic has shined a new light on the supply chain and procurement industry.

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The round was led by and also included investment from , , , , , and along with debt financing from . Both S&P Global and Reciprocal Ventures are new investors into the company.

Tealbook鈥檚 platform gives its customers 鈥� usually large enterprises in verticals such as retail, manufacturing, health care and others 鈥斅� the data needed to make procurement decisions, while using machine learning and artificial intelligence to bring transparency to the supply chain ecosystem, said founder and CEO .

鈥淢ost Fortune 500 companies don’t understand their supply chains,鈥� said , partner at RTP Global. “This is the biggest problem no one鈥檚 ever heard of.鈥�

COVID-19

The pandemic brought new attention to the need for good supplier data, as well as the demand for speed and accuracy in finding the right suppliers, as the supply chain system struggled, Lapierre said.

鈥淚t definitely brought a lot of exposure to the problem,鈥� Lapierre said.

Tealbook actually signed a deal with the U.K. government last year to help it identify more than 60,000 manufacturers of personal protective equipment, Lapierre added.

While companies like and take on the supplier issue from different technology angles, Lapierre said, Tealbook differentiates itself by the autonomous data it supplies, which helps companies make important procurement decisions.

鈥淎ll the software in the world won鈥檛 solve procurement,鈥� Schwerin said. 鈥淵ou can鈥檛 solve a data problem with software.鈥�

Future growth

Tealbook anticipates growing revenue 300 percent this year and nearly doubling its employee count from 47 to 84, Lapierre said. The company now has raised $22 million in venture funding and debt.

Because of Tealbook鈥檚 data, Lapierre said she sees the company doing for buy-side procurement what has been able to do for sales and marketing with their data.

鈥淲e are ahead of the market,鈥� she said. 鈥淲e see this as a huge opportunity.鈥�

Illustration: .