Funding Tracker
Announced April 4, 2024Telness Tech raises $5.4M (€5M)
- Company
- Telness Tech
- Round
- Bridge
- Amount
- $5.4M (€5M)
- Investors
- Industrifonden, Viltor (JCE Group)
- Announced
- April 4, 2024
What happened
Telness Tech secured €5 million (about $5.4 million) in bridge funding from Industrifonden and Viltor (JCE Group) to continue rolling out its cloud-based platform that lets mobile operators and MVNOs run at radically lower cost.
Why it matters
Existing investors bridging Telness Tech through the downturn shows the MVNO-platform thesis retained backing even in a hard funding market for European telecom software.
MVNE
Europe
Source: EU-Startups
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