Tectona

Company Overview

Snapshot

Founded in July 1981, Tectona operates with 1–10 employees. The company has raised $30M across one funding round from 6 investors. Tectona became public on TASE in January 2013.

Business overview

Tectona is a public company specializing in the development of innovative blockchain products. The company focuses on creating NFTs, fundamental trading tools, and advanced algo trading strategies for its operations and partners within the crypto, DeFi, and broader digital asset ecosystems. Tectona has developed Bored.ai, an online platform designed for the creation, trading, and investment in NFTs and other digital assets, serving the Fintech & Insurtech sector.

Strategic signal

In June 2024, Tectona announced its acquisition of a 42% stake in Horizon for 11.7 million NIS. This strategic investment signals Tectona's continued expansion and commitment to strengthening its position within the digital asset and blockchain industry, indicating a proactive approach to market consolidation and growth.

Company Intelligence Q&A

When did Tectona become a public company?

Tectona became public on TASE in January 2013 through a Reverse Merger Event.

What was a significant acquisition made by Tectona?

In June 2024, Tectona acquired a 42% stake in Horizon for 11.7 million NIS. This acquisition demonstrates Tectona's strategic expansion within the digital asset and blockchain industry.

What is Tectona's primary product?

Tectona's primary product is Bored.ai, an online platform for creating, trading, and investing in NFTs and other digital assets.

Which investors participated in Tectona's funding round?

In January 2021, Tectona received funding from Excellence Nessuah Investment House and Yaron Jacobi.

What is Tectona's focus in the blockchain space?

Tectona specializes in developing innovative blockchain products, including NFTs, fundamental trading tools, and advanced algo trading strategies for crypto, DeFi, and digital assets.