Tengiva, the Montreal- grounded inventor of a new digital entitlement chain platform for the fabric assiduity, has raisedC$4.95 million in seed backing.
Textile manufacturing is a trillion note enterprise and nevertheless in the main managed offline barring a great deal slice- edge digitisation the employer says, and Tengiva was formerly created to resolve some of the largest enterprise challenges. For arising garb contrivers these correspond of the capability to supply substances snappily, price rightly and sustainably.
By modernising the complicated and out of date months-long sourcing and distribution manner used in the fabric assiduity, Tengiva makes it less complicated for vesture manufacturers to seamlessly supply the fabrics wanted at formerly from directors in the needed amounts, whilst enabling retailers to construct their on line presence, painlessly show off their substances to boost new marketable enterprise connections, and attain new requests. Moment, knockouts of millions of bucks of stock are accessible thru the Tengiva platform, together with redundant than 300 special substances that are on hand to manufacturers in 30 transnational locales worldwide.
Tengiva will use the new cash to commercialise its platform, construct a storehouse and execute on its transnational blowup strategy.
“ The fabric enterprise is one of the oldest in the world, with the manufacture and alternate of fabric relationship again stacks of times,” stated Annie Cyr, CEO andco-founder of Tengiva. “ While guests these days can without problems buy trend wares on line from any garb manufacturer worldwide, the furnish chain that allows the pier of fabrics from shop to material patron to garb company has no longer saved pace. Our platform is altering this via modernising the transnational distribution and change of fabrics, making sure the pivotal way that take vicinity in the reverse of the scenes of each piece of garb manufactured and vended, is as automatic and streamlined as possible.”
By centralising and supplying structured get entry to to statistics for fabrics directors and apparel brands, Tengiva pretensions to optimise aid operation, make bigger translucency throughout the complete give chain, and promote advanced practices – similar as CO2 emigrations computations, cloth admixture recyclability and guidelines round manufacturing procedures that drop the environmental influence and drop chemical operation.
The backing globular was formerly led by using Fonds Ecofuel with participation from Inovia, Anges Québec, Active Impact Investments and N49P.
“ With7.2 percent of transnational original rainfall influence started through fabric manufacturing alone, Tengiva is the key to advanced appearing on good sized gaps in the entitlement chain,” asaid Johanne Sevigny, managing companion of Fonds Ecofuel. “ Using its moxie, the employer has created a purpose- erected platform for the enterprise that not solely solves a number of the sustainability challenges brazened by using the zone still has also attracted early hobbyhorse from the world’s most superb cloth manufactories and apparel brands.”
In 2021, Tengiva used to be amongst 12 agencies in Canada and the USA to be chosen for the Google for Startups Accelerator Women Authors. Latterly, it has relaunched its personal technology, done beta checking out of its platform and reconfirmed its product- request- fit for each directors and apparel brands. The Tengiva platform is now equipped for world commercialisation, which will be a abecedarian focal point in 2022.
