Success: Teneno Completes Seedrs Round & Secures Nearly £165,000

Teneno has successfully completed its equity crowdfunding round on Seedrs. The IT networks company not only secured its initial £150,000 funding, it also attracted nearly £165,000.

The London-based company revealed it allows SMEs to move away from outdated hardware solutions by banishing the need for those industrial cabinets found in most office spaces today. Instead, it replaces expensive hardware with agile software making it more simple, accessible, secure, cost effective and hassle free to create their own network. Teneno stated:

“Teneno has a lean cost structure. We have developed our own development center in Hyderabad India and trained up an experienced team to develop our SDN based solutions. Our development and operational burn rate is £10K a month*. Furthermore, to achieve our 2016 targets and run our marketing, social and PR campaigns we will require another £2,500 a month to acquire customers. The £150,000 will last us one year.

Users of Teneno will be able to do the following:

  •  Access documents wherever they are
  • Access proprietary business applications wherever they are hosted
  • Geographically track and manage all the devices on the network from one portal

Jean Salha, CEO of Teneno, recently stated:

“Having worked in the IT industry for over 25 years it became clear to me that there wasn’t an easy way for SMEs to manage their own IT systems.  There are many IT network solutions on the market, but Teneno stands out because of its enterprise level functionality – including security, accessibility – and incorporating easy of use for businesses without dedicated IT support.”

Funds from the Seedrs initiative will be used for growth and expansion.

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