Tenovos, the data-first, modern Digital Asset Management (DAM) company helping brands tell stories that matter, today announced that it has secured an $8 million Series A-1 investment led by Progress Ventures. The oversubscribed round more than triples the company's valuation and counts participation from previous investors including Bertelsmann Digital Media Investments (BDMI), Revel Partners and Dublin Capital and introduces new personal investors including Jeff Lunsford, CEO of Tealium. The investment will be used to accelerate product development and advance the intelligent features of its innovative Active Story Management (ASM)™ platform.

Tenovos helps brands tell stories that matter. The company's Active Story Management (ASM) platform and associated product lines transform the way brands connect with customers using stories that inform, inspire, connect and entertain. Consumer brands in CPG, retail, media & entertainment and food and beverage, use Tenovos' technology to augment their content with intelligence that elevates content assets to stories using data and experience.