Adline secured NOK 5M from Simula Innovation and Altitude Partners

Adline, an Oslo, Norway-based software developer for marketing purposes, completed a NOK 5M ($500k) in capital investment.

The funding was provided by a range of investors from Norway, including Simula Innovation and Altitude Partners.

Adline was founded at the end of 2019 by Dag Honningsvåg, Jo Hansæl and Carl-Wilhelm Vedvik on the foundation of BylineMe, which was bankrupted in 2019. The company developed a software solution used by ecommerce companies to better convert its online traffic.