Huddly raises NOK 61m in private placement

Huddly AS raised NOK 61 million through a private placement of 5.5 million new shares at NOK 11.00 per share. The Norwegian video conferencing company said the funds will bridge deficits until it reaches cash flow positive in 2026.

The company is also seeking authorization for a potential subsequent offering to allow existing shareholders not allocated shares in the private placement to subscribe.