Swedish startup Telness secures €1.5 million additional funding to take European telecoms digital
The Swedish “teltech” challenger Telness has today announced €1.5 million in 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 round takes the total funding raised by Telness to €6.5 million.
Founded in 2016 in Stockholm by telecoms executive turned entrepreneur, Martina Klingvall, Telness set out to disrupt the telecommunications industry. Telness today already counts 10,000 business customers in Sweden – all benefitting from the agility and customer service that Telness delivers through an entirely cloud-based infrastructure.
The fresh capital 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.