On May 4, 2022, Tengiva, the first digital supply chain platform for the textile industry, announced that it has raised C$4.95 million in seed funding led by Fonds Ecofuel with participation from Inovia Capital, Anges Québec, Active Impact Investments and N49P
Tengiva (Textiles Exchange Network Generating Industry Value and Accessibility) was created to solve some of the biggest industry challenges, which for emerging clothing designers is the ability to source materials quickly, cost effectively, and sustainably. The company will use the funds to commercialize its platform, build a state-of-the-art warehouse, and execute on its global expansion strategy.
A Fasken team composed of Constantinos Ragas, Jonathan Raizenne and Sarrah Coulibaly advised Tengiva in connection with this transaction.
Jurisdiction
- Québec
