Lavo TV secures NOK 50M in fresh capital

Lavo TV, an Oslo, Norway-based company working on a mobile-based video streaming application, secured NOK 50M ($5.8M) in funding to the company.

The money comes from a range of Norwegian investors, including Tom Erik Kjeseth.

Lavo TV was founded in 2016 by Tom Roger Sokki. Prior to this deal, the company raised about NOK 4M from Innovasjon Norge and five Norwegian private investors based in Bergen.