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.