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Tealbook

www.tealbook.com link_icon

TealBook Market Research Report



Company Overview



  • Name: TealBook

  • Mission: TealBook's mission is to transform the supplier data market to empower the digital enterprise.

  • Founded: TealBook was founded in 2014 by Stephany Lapierre.

  • Founder and Key People:

  • Stephany Lapierre: Chief Executive Officer and Founder

  • Phil Garlick: President

  • Fahad Muhammad: Vice President of Marketing

  • Drew Beitman: Vice President of Engineering

  • Cyndi Fields: Senior Director of Customer Experience

  • Gilad Golan: Chief Strategy Officer

  • Kendrew Lau: Director of Finance

  • Headquarters: No specific headquarters location provided.

  • Number of Employees: 50 employees and counting.

  • Revenue: Total funding to date is $73 million.

  • Company Recognition: TealBook was chosen as one of the "50 Vendors to Know" by Spend Matters, named a top 100 solution by ProcureTech, and recognized as a “Cool Vendor” by Gartner.

  • What the Company is Known For: TealBook is known for its Supplier Data Platform, which optimizes procurement by automating the collection, verification, and enrichment of supplier data.


Products



Supplier Data Platform (SDP)


  • Description: SDP serves as the source of truth for supplier data within an organization.

  • Key Features:

  • Automates data collection, enrichment, and distribution across relevant systems.

  • Enhances procurement technologies, workflows, and processes.

  • Enables data governance and provenance.


Teal iQ


  • Description: Analyzes vendor master data against TealBook’s supplier data to generate detailed reports.

  • Key Features:

  • Phase 1 – Diagnosis: Identifies data quality issues such as missing attributes and duplicates.

  • Phase 2 – Enrichment: Matches and enriches vendor master data with correct and up-to-date supplier information, including diversity certificates.


Recent Developments



  • Recent Developments:

  • TealBook was announced as a Leading Data Foundation Solution for procurement teams by Deloitte.

  • On December 14, 2021, TealBook raised $50M in Series B Funding led by Ten Coves Capital.

  • TealBook was selected in Spend Matters’ 2023 '50 Providers to Know' List.


  • New Products Launched:

  • No specific recent product launches identified.

  • New Features:

  • Enhancements to Supplier Diversity capabilities to accelerate enterprise diversity initiatives.

  • Partnerships:

  • Partnered with EcoVadis to boost sustainability and ESG data for procurement professionals.

  • Integrated with SAP Ariba for Procurement transformation.

  • Partnered with Market Dojo and Archlet for enhanced sourcing solutions.


This report highlights key insights and recent advancements within TealBook’s operations and product offerings, reflecting its position in the rapidly evolving procurement technology landscape.