Fello adds Swedish and Norwegian angel investors.

Norway Sweden Exit 29 March 2018
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Fello, a Gothenburg, Sweden-based company managing a mobile virtual network operator, added four angel investors in the company - Alexander Hars, Lars Karlsson, Johan Sköld and Henrik Lie-Nielsen.

They become owners in the company in a secondary transaction, by purchasing existing shareholders out. In 2016 Fello had raised SEK 10.5M ($1.24M) in investment from local angel investors, Johan Hallenby and Johan Norin, as well as from Aggregate Media, which contributed with media space worth SEK 8M.

Fello was launched in 2014 by siblings John Axelberg and Lisa Axelberg as an MVNO by renting out spectrum operation from Telia.