The name comes from the one of the larger villages south of Växjö called Telestad. Its farms were laid in the 1840s under the large farm Tuvan by the landowner J. Aspelin.
Despite its middle-age style, the The Castle of Teleborg was built in 1900 by architect firm Lindvall & Boklund. The castle was built as a wedding present from count Fredrik Bonde af Björnö to his wife Anna Koskull. 17 years later the couple had died, and the castle was used as a hotel for young girls and for accommodation in general. In 1964 the city of Växjö bought it and the surrounding park from the Bonde family and is today mainly used for representation, weddings and conferences. Today, the castle is used by the city council for representational purposes, and the nearby university also uses some parts of the castle.