Tengiva

Tengiva

Market network for in-stock materials.

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DateInvestorsAmountRound
-investor investor

€0.0

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investor

€0.0

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investor investor investor investor investor investor

€0.0

round
investor

€0.0

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CAD99.0k

Grant
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-94 %
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Dealroom estimates

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More about Tengiva
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Tengiva is a technology company focused on digitizing the textile industry's supply chain. Founded in Montreal, Canada, in 2018, the firm provides a B2B commerce suite for textile businesses, including suppliers, industry associations, and apparel brands.

The company was established by CEO Annie Cyr and COO/CSO Carlos Agudelo, Ph.D., who identified critical inefficiencies in the traditional, offline methods of sourcing and distributing textiles. Cyr, a professional with over two decades in the textile industry and author of "The Guide to Textile Fibers," recognized the need for a modernized approach after experiencing lengthy and complex procurement processes. Agudelo contributes over 30 years of experience in textile production operations and polymer science research, holding a Ph.D. in Engineering Polymeric Fibres for Textiles. The founders met while working at Logistik Unicorp, where their combined expertise in textile development, sourcing, and R&D laid the groundwork for Tengiva.

Tengiva's core offering is a digital platform that facilitates real-time, direct online sourcing of textiles. It serves as a centralized data and management center where suppliers can create e-commerce portals to showcase inventory, and apparel brands can seamlessly order samples and place production orders. This model addresses the challenge for designers and brands, particularly emerging ones, in sourcing materials quickly, cost-effectively, and in necessary quantities. The company operates globally, connecting stakeholders across more than 30 countries.

A significant aspect of Tengiva's business model is its focus on sustainability. The platform provides structured data to help users optimize resource usage, enhance supply chain transparency, and adopt better environmental practices. This includes features like CO2 emissions calculations and recommendations for processes that reduce chemical use and improve recyclability. By giving visibility to in-stock materials, the platform also helps reduce waste from idle textiles.

In May 2022, Tengiva secured CAD $4.95 million in a seed funding round to commercialize its platform, build a new warehouse, and pursue global expansion. The company was also selected for the Google for Startups Accelerator for Women Founders in 2021, where it reconfirmed its product-market fit.

Keywords: textile supply chain, B2B textile marketplace, fabric sourcing platform, apparel manufacturing technology, sustainable textiles, digital textile sourcing, supply chain management software, textile e-commerce, fabric procurement, textile industry digitization, Annie Cyr, Carlos Agudelo, Montreal technology, fashion supply chain, material sourcing, textile data management, circular economy textiles, sustainable fashion technology, cleantech, inventory management textiles

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