EQS-News: Advanced Blockchain AG: Portfolio Company Teneo Raises $3M to Disrupt Social Media Data

Advanced Blockchain AG: Portfolio Company Teneo Raises $3M to Disrupt Social Media Data

Berlin, February 19, 2025 - Advanced Blockchain AG ("ABAG", Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator and investor in the blockchain industry, announces the successful close of Teneo’s seed funding round. Teneo raised USD 3 million, co-led by Borderless Capital, Generative Ventures, and RockawayX. Additional backers included Outlier Ventures, Certik Ventures, Moonrock Capital.

Teneo is a decentralized data infrastructure layer that revolutionizes access to real-time social media insights. By leveraging decentralized community nodes, Teneo utilizes direct user access to social media platforms like X (formerly Twitter) and Reddit, bypassing API (Application Programming Interface) restrictions and enabling cost-efficient, instant data access. Positioned at the intersection of AI, finance, and market analysis, Teneo empowers its clients with unique access to high-value data – a crucial advantage in today’s data-driven economy.

This successful funding round not only underscores investor confidence in Teneo but also highlights the potential of this innovative technology. Since ABAG's initial investment in November 2024, Teneo has achieved remarkable milestones, including:

• Surpassing 4 million nodes and 1 million machine IDs in its Community Node network
• Facilitating over 12 million daily data transfers, reinforcing its decentralized data ownership model
• Launching the Community Node Dashboard on December 30, 2024, providing users with a centralized interface to track rewards, referrals, and connectivity streaks
• Building a strong community with over 220,000 Discord members and more than 300,000 followers on X

Advanced Blockchain AG currently owns 0.25% of the total token supply of the network. The successful funding round ensures Teneo’s financial stability while accelerating the development of key products, particularly the Teneo Business API and Validator Nodes. Advanced Blockchain continuously supports Teneo in its mission to revolutionize social media data access and establish innovative solutions in the blockchain ecosystem.

About Advanced Blockchain AG:
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is a venture builder and investor in the blockchain industry with an extensive network of analysts, developers, programmers, economists, and mathematicians. Advanced Blockchain AG is dedicated to developing the future of Web 3.0 and innovating in different ecosystems and markets of the industry.

For more information about Advanced Blockchain AG, its various projects and investments, please visit https://www.advancedblockchain.com/.

Contact:
ir@advancedblockchain.com