StandUP Ventures Fund I, a fund backed by BDC Capital and managed by MaRS Investment Accelerator Fund (IAF), has made its first investment in tealbook, a supplier knowledge management platform that delivers actionable supplier intelligence for enterprise.
This funding closed a larger round of seed funding for tealbook which included capital from Epstein and a group of angel investors.
“StandUp Ventures is pleased to invest in tealbook,” said Michelle McBane, Investment Director of MaRS IAF and StandUp Ventures. “Stephany’s deep understanding of the pain points that procurement professionals face, her leadership in sales and marketing, and her ability to recruit experienced team members are all early proof points that tealbook will be a successful high growth venture.”
In partnering with StandUP Ventures, which is completely dedicated to companies with a female founder, MaRS IAF help overcome the additional burdens that ‘female’ founders must overcome when seeking venture capital.
“We’re thrilled to be StandUp Venture Fund’s first investee,” said Stephany Lapierre, Founder and CEO of tealbook. “This investment will allow tealbook to continue developing its AI/machine learning capacity and go-to-market strategy, giving us a crucial competitive advantage as we grow our market share. Aligning ourselves with MaRS IAF and StandUp Ventures will also help us in preparation for our upcoming Series A, which will be used for scaling tealbook.”
photo credit: tealbook