Teneo Protocol has successfully raised $3 million in seed funding, marking a major step forward in our mission to redefine data ownership. With this backing, we’re accelerating the development of the Teneo Community Node, enabling individuals to unlock and leverage the value of public social media data.
The funding round was led by RockawayX and Borderless, with Generative Ventures as co-lead. Additional support came from Moonrock Capital, Certik Ventures, Outlier Ventures, and other top Web3 investors who recognize the immense potential of decentralized data access.
Despite 13% of global data originating from social media, much of it remains locked away due to restrictive APIs and high costs. We are changing the game with the Teneo Community Node – a decentralized browser extension that unlocks real-time public data streams from platforms like 𝕏, Reddit, and more. By operating a node, users contribute to a decentralized network and earn Teneo Points, which will convert into Teneo Tokens after our Token Generation Event (TGE).
Importantly, we ensure that only public data is accessed, keeping user privacy intact. No private messages, comments, or interactions – just open, publicly available insights.
“This seed funding is a huge milestone for Teneo and highlights the power of our mission – to put data ownership back into the hands of the people,” says Leroy Hofer, CEO and Co-Founder of Teneo Protocol. “With our incredible investors backing us, we’re doubling down on making the Teneo Community Node even more accessible. We’re just getting started.”
The Teneo Community Node launched in Beta in September 2024, and adoption has skyrocketed:
Alvaro Gracia, DePIN Partner at Borderless Capital: “Teneo is pioneering a new way of aggregating and tokenizing real-time social media data. By leveraging decentralized physical infrastructure, they’re unlocking new value for industries like AI, finance, and marketing.”
Lex Sokolin, Partner at Generative Ventures: “Teneo unlocks the value of social network data at an unprecedented scale. We are thrilled to support the team as they build out a next-generation data economy.”
Marek Sandrik, Partner at RockawayX: “We are excited to partner with Teneo and help them deliver on their vision to give data ownership to the people. By coordinating the already existing social media user base into a DePIN network, Teneo materially lowers the cost of accessing social media data, unlocking previously prohibitively costly use cases in AI, finance, marketing, and other sectors. We can’t wait to see what innovative use cases Teneo drives.”
Teneo is growing fast, and this funding allows us to push even further. We’re committed to making public data accessible while rewarding those who help make it happen. The future of data belongs to the people who create it.
Leads: RockawayX, Borderless
Co-Lead: Generative Ventures
Other Supporters: Moonrock Capital, Certik Ventures, Outlier Ventures, X Ventures, Token Ventures, EOT Ventures, MN Capital, Advanced Blockchain AG, Venionaire Web3.
The future of data ownership is shifting. Be part of the movement – start running your Teneo Community Node today and earn rewards for unlocking social media data.
Join the Teneo Community Node 👉 https://teneo.pro/
