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 revolutionise 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.

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.

Martina Klingvall, co-founder and CEO of Telness stated: “We’re incredibly excited to have such fantastic investors on board as we look to take Telness Technologies to telcos across Europe. Our platform has the potential to transform how services are 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.”