Telness Tech raises $8.9M (€8.5M)

Company: Telness Tech
Round: Series A
Amount: $8.9M (€8.5M)
Investors: Industrifonden (lead), JCE Group
Announced: June 30, 2022

What happened

Stockholm-based Telness Tech raised €8.5 million (about $8.9 million) in Series A funding led by Industrifonden, with JCE Group participating, to expand its fully digital, cloud-based MVNO platform across Europe.

Why it matters

Spun out of Swedish operator Telness, Telness Tech bet that cloud-native BSS/OSS could cut the cost of running an MVNO by an order of magnitude — core enabling infrastructure for the launch wave that followed.

MVNE

Europe

Source: Telness Tech

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