Huddly raises 70M NOK to bridge to profitability in H2 2027
What's the deal? Huddly, the Oslo-listed video conferencing hardware maker, has raised 70,000,000 NOK (about $7.5 million) in an oversubscribed private placement. The company allocated 3,161,444 new shares at 22 NOK each — the maximum available under its existing shareholder authorisation.
Who's in? The round drew existing shareholders and new fundamental investors, including chair Jon Øyvind Eriksen, Kristian Kolberg, Bente Sollid, Rósa Stensen, Abhijit Saha Banik, Stein Ove Eriksen, Håvard Pedersen Alstad, and Sonstad ASDealroom has a profile for this one. Try Dealroom →. Pareto SecuritiesDealroom has a profile for this one. Try Dealroom → acted as sole manager and bookrunner.
What's the money for? Huddly will use the net proceeds as bridge funding until it expects to turn cash flow positive in the second half of 2027. That covers R&D for new product roll-outs, onboarding of strategic partners, and general working capital.
Why now? The placement was carried out under an authorisation granted at Huddly's annual general meeting on May 20, 2026. It was oversubscribed at the top of the 50–70 million NOK range, signalling demand from its investor base ahead of the profitability target.
What's next? The board plans to convene an extraordinary general meeting to approve a potential subsequent offering, with the notice due around August 28, 2026. Allocated shares settle on August 31 and become tradable on Euronext Growth OsloDealroom has a profile for this one. Try Dealroom → immediately after allocation notices go out on August 27.
The signal: At roughly $7.5 million, this is a modest raise — landing in the 36th percentile by deal size — but the structure tells the story. Huddly is buying itself runway rather than scaling aggressively, betting that a clear path to cash flow positive can carry it through without a larger, dilutive round.
Read more: mfn.se
Image credit: cogdogblog
