Joymo added a NOK 18M round backed by Blommenholm Industrier and Investinor.

Joymo, an Oslo, Norway-based developer of a digital platform for streaming live sports, secured a capital investment raise totalling NOK 18M ($2M).

The round was provided by investors from Norway including Blommenholm Industrier and Investinor.

Joymo, founded as Yoimo in 2016 by Jan Claes Christian Palmers and led by CEO Mike Emery, has developed a streaming platform that makes it easy for any sport club, federation, league and event, anywhere in the world, to broadcast their valuable content to fans across the globe. The company makes money by selling access to its service via a livestreaming broadcasting platform called the LiveCaster.

Prior to this round, Joymo raised $1.4M in 2019.