Cavai raised NOK 24 million from G Value Invest and Investinor.

Cavai, an Oslo, Norway-based developer of ad-tech solutions, completed a funding round of NOK 24 million ($2.8M).

The money was raised from the company's employees and the existing investors G Value Invest and Investinor.

Cavai, founded in 2018 by CEO Steffen Svartberg, developed and is selling an conversational advertising platform, providing acess to text and voice controlled chatbots that can be delivered on millions of websites,mobile apps, social media and programmatic TV.

The company raised NOK 32 million ($3.4M) earlier in 2020 and aims to go public on the local stock exchange from Oslo in 2021.