Fello gets SEK 10.5M in investment for building a local MVNO.

Fello, a Gothenburg, Sweden-based company trying to build a local MVNO, closed SEK 10.5M in equity investment. The money comes 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 under the name Teligoo. They changed the name in Fello in 2015 because of a name trademark conflict with German company Telego.