Telness secured SEK 16M.

Telness, a Stockholm, Sweden-based company operating an MVNO business, completed a capital raised of SEK 16M ($1.7M).

The money was provided by existing investors, including Jonas Angleflod, Viveka Ekberg, Maria Erdmann-Boecker and Kristian Holmström. All are also part of the company's board of directors.

Telness, founded in 2017 by CEO Martina Klingvall, provides mobile telephony and other services with functions specially adapted for small medium businesses, as a customer-focused alternative to the major operators.