Tuesday, September 27, 2022

Swedish Tech Startup Telness Tech Secures €8.5m to Increase Digital Telecoms Providing

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Swedish ‘teltech’ Telness Tech has introduced €8.5m in Sequence A funding to proceed to revolutionize the European telecoms market by way of built-in options for telcos.

The newest funding spherical was led by Stockholm-based VC, Industrifonden. Telness Tech’s current investor,  JCE Group, additionally participated within the spherical.  

Based in 2021 by telecoms government turned entrepreneur, Martina Klingvall, Telness Tech was spun out of  the Swedish telecoms supplier Telness, got down to rework the trade by providing cloud-based infrastructure to companies with a purpose to enhance buyer happiness and decrease operational expenditure. 

In a market historically missing in innovation, Telness Tech is searching for to disrupt the telecoms market in the identical means that fintech modified the face of finance. 

The platform, already utilized by Telness to ship telecoms companies to nicely over 15,000 enterprise prospects in Sweden, packages up a cloud-based, digital end-to-end answer that liberates conventional telcos from legacy infrastructure, value and complexity. Alongside this its cloud-based PBX allows telcos to maintain up with the innovation and tempo of challenger manufacturers at a low complete value of possession.

Thus far, Telness Tech has collaborated with three massive telecoms prospects to ship sweeping technological change – together with two which have launched a cloud PBX throughout its platform.  This new spherical of funding will likely be used to develop Telness Tech to new markets, beginning with the Netherlands and the UK. 

Martina Klingvall, founding father of Telness Tech
We’re extremely excited to have such unbelievable buyers on board as we proceed to develop Telness Tech throughout Europe. Our platform has already began to rework how companies are delivered to finish prospects – placing customer support first, and elevating the bar for what folks ought to anticipate from a cellular supplier. Over the subsequent 12 months we’ll be laser focussed on investing extra into the group and making some key strategic hires, plus our growth into different European markets.

Tore Tolke, Senior Funding Director Industrifonden
We’re past delighted to put money into Telness Tech, enabling them to take their trade difficult ethos additional into the market. We’ve little question that with their proficient group, the best funding and clear aspirations Telness Tech will proceed to develop into new markets throughout Europe at a speedy charge.

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