About Teal
Teal is a company based in Vancouver (Canada) founded in 2023 by Ian Crosby and Adam Saint was acquired by Mercury in September 2024. It operates as a SaaS (Software-as-a-Service) and B2B2C. Teal has raised $8 million across 1 funding round from investors including Mercury, Torch Capital and Basis Set Ventures. Teal offers products and services including Teal Accounting Suite and Whitelabelled Accounting Services. Teal operates in a competitive market with competitors including NayaOne, Chift, Hyperseed, Intuitive Associates and Taxtronix, among others.
- Headquarter Vancouver, Canada
- Founders Ian Crosby, Adam Saint
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Teal Platforms
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Products & Services of Teal
Teal offers a comprehensive portfolio of products and services, including Teal Accounting Suite and Whitelabelled Accounting Services.
Accounting software is provided for SMB software platforms.
Whitelabelled accounting support is offered for growing businesses.
Funding Insights of Teal
Teal has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Seed round of $8 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Teal
Teal has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Mercury, Torch Capital and Basis Set Ventures.
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Tech-enabled companies are supported through venture capital investments.
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Early-stage technology investments are managed by Basis Set Ventures.
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Limited information is provided about General Advance's operations.
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Investor details for Teal
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Investments & Acquisitions by Teal
Investment portfolio details for Teal
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Financial Statements - Teal
Detailed financials for Teal
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Teal Comparisons
Peer comparison for Teal
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Competitors of Teal
Teal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NayaOne, Chift, Hyperseed, Intuitive Associates and Taxtronix, among others.
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Provider of tools for streamlining POCs, third party tech evaluations and synthetic data access
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API-based application development platform
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Offers a no-code application development platform for finance professionals.
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Develops custom software for financial planning, accounting, taxes, and insurance services.
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Offers tax preparation, payroll management, business incorporation, and client support services.
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Detailed competitors of Teal
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Latest news on Teal
Complete news archive for Teal
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Frequently Asked Questions about Teal
Teal was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Teal is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Ian Crosby is the current CEO of Teal. They have also founded this company.
Teal is a funded company, having raised a total of $8M across 1 funding round to date.
Teal is engaged in developing accounting software tailored for SMB software companies. Solutions are provided to integrate financial hubs within platforms, enhancing customer engagement with financial services. The company offers rapid implementation through modular code snippets and live support. Additionally, whitelabelled accounting services such as bookkeeping and tax filing are facilitated through a partner network. The technology sector, specifically financial software, is primarily targeted to support business operations and growth.
Teal offers Teal Accounting Suite and Whitelabelled Accounting Services.
Teal has 5 investors. Key investors include Mercury, Torch Capital, Basis Set Ventures, General Advance, and Dash Fund.