Tengiva, First of its Kind Digital Supply
Chain Platform for the Textile Industry,
raises $4.95 Million in Seed Funding
MONTREAL – May 4, 2022 – Tengiva, the first digital supply chain platform for the textile industry, today announced that it has raised CAD$4.95 million in seed funding. The funding round was led by Fonds Ecofuel with participation from Inovia, Anges Québec, Active Impact Investments, and N49P. The funds raised include $1.7 million in commercialization funding from the Investissement Québec Innovation Program and a $100,000 grant from the Sustainable Development Technology Canada (SDTC) Seed Funding program. Textile production is a trillion dollar* industry, and still mostly managed offline without much modern digitization – until now. Tengiva (Textiles Exchange Network) was created to solve...