Swedish tech startup, Telness, announces €1.5m in post-seed funding to take European telecoms digital.
STOCKHOLM, September 2021: Swedish ‘teltech’ challenger Telness today announced a €1.5m post-seed funding to help it revolutionize the European telecoms market.
Participants in the funding round include existing angel investors such as Viveka Ekberg, plus Gothenburg-based JCE Investments. This new tranche of funding takes the total raised by Telness to €6.5m.
Founded in 2016 by telecoms executive turned entrepreneur, Martina Klingvall, Telness set out to transform the tired and dated telecommunications industry. Telness quickly established itself and today has 10,000 business customers in Sweden - all benefitting from the agility and customer service that Telness delivers through an entirely cloud-based infrastructure.
The investment will be used to launch Telness Technologies: a new offering designed to offer the same technology stack Telness uses to other telcos looking to go digital.
Over the past decade, the past decade, traditional telcos have struggled to grow and retain market share. Sky-high operational costs and legacy IT infrastructure have limited agility and innovation, making it difficult for telcos to introduce new services to customers.
Telness Technologies is on a mission to change that.
The Telness Technologies cloud-based, digital end-to-end solution liberates traditional telcos from legacy infrastructure, cost, and complexity. For telcos in need of transformation, this new offering, alongside its cloud-based PBX service, will enable them to deliver exciting new services to customers and keep pace with new challenger brands.
“We’re incredibly excited to have such fantastic investors on board when expanding Telness Technologies to telcos across Europe. Our platform has the potential to transform how services delivered to customers and to forever change what customers can expect from their mobile provider - for the better. We can’t wait to start investing more in our team, marketing, and our partner development as we begin working with some of the biggest names in telecoms to transform their back-end technology architecture.”, Martina Klingvall, co-founder Telness & Telness Tech
‘We're beyond delighted to continue investing in Telness Technologies as it seeks to challenge the telecom sector to change and evolve. We’ve no doubt that with their talented team, industry-leading technology and exciting vision, that they’ll take the industry by storm and change the way telecoms services delivered to end-user customers.” David Andersson, Investment Professional at JCE.
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Founded in 2016 by former-Telenor executive Martina Klingvall, Telness recognised a need for an telecom operator focused on small to medium-sizedmedium sized businesses. IT mission to transform telecoms from the ground by delivering telecoms services over a purpose-built cloud-based technology platform. Today Telness hase over 10,000 business users in Sweden and next stop is the European telecoms market where they will white lable its ‘digital telco on demand’ to other operators.