# Teal Platforms

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/teal-platforms

- Industry: Software
- Headquarters: Vancouver, Canada
- Website: www.teal.dev/
- Total disclosed funding: $8M
- Latest round: Seed (May 20, 2024)
- Investors on record: 4

## About

Founded in 2023 by Adam Saint and Ian Crosby, and based in British Columbia, Canada, Teal PLatform Inc. operates as a software developer that offers SMB software companies to build accounting products for their customers. In May 2024, Teal Platforms Inc. raised USD 8 million in seed funding led by investor Torch Capital, with participation from other investors Basis Set Ventures, General Advance, and Dash Fund.

The firm’s services include combining financial data from multiple sources into a general ledger, offering insights into profitability and overdue invoices. Teal also provides modular front-end code snippets for rapid implementation, aiming to go live in a shorter time. Additionally, Teal offers white-labeled accounting services, such as bookkeeping and tax filing, through its partner network, allowing businesses to automate their accounting and improve customer retention.

The company intends to use the May 2024 funding to promote future-generation accounting solutions for vertical SaaS.

## Funding rounds

- Seed, May 20, 2024, $8M — Basis Set, Torch Capital, Dash Fund, General Advance

## Investors

- Basis Set (https://capitalatlas.ai/funds/basis-set) — Seed
- Torch Capital (https://capitalatlas.ai/funds/torch-capital) — Seed
- Dash Fund (https://capitalatlas.ai/funds/dash-fund) — Seed
- General Advance (https://capitalatlas.ai/funds/general-advance) — Seed