Nabobil adds NOK 3M from existing investors, still looking to breakeven its car sharing service.

Nabobil, an Oslo, Norway company managing a marketplace for car sharing, secured NOK 3M ($390k) in fresh investment.

The money comes from existing investors in order to secure working capital in the company.

Nabobil, founded in 2015 and led by CEO Even Heggernes, manages a marketplace that makes it easy for people make money by sharing their car. The company has 125,000 registered users on the site, and 6000 cars available throughout Norway. Nabobil targets a market of 2.5 million private cars in Norway

In 2016, the company accounted for NOK 5M ($670k) in turnover.

Nabobil has raised a little more than $1M from investors including a local car dealer, Miklagruppen, and from angels Karl Munthe-Kaas, Theodor Tonum, Thomas Grøndah or Trond Riiber Knudsen.