No Isolation secured $5M.

Norway Investments 13 December 2018
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No Isolation, an Oslo, Norway-founded and London, UK-headquartered company developing communication tools that help reduce involuntary loneliness and social isolation, secured NOK 40M ($4.8M) more in investment funding. The money was provided by Idekapital Fund 1 (20M), DNB (10M) and other private investors.

Following the capital increase, the largest shareholders of the company are MP Pensjon PK (20.7 percent, after converting convertible loans into shares), Karen Dolva (17.98), Idekapital Fund I as (11.77), Matias Doyle (6.28) and Sparebankstiftelsen DNB (5.89).

No Isolation, founded in 2015 and led by CEO Karen Dolva, manufactures and sells robots that act as companion for reducing people's social isolation.

The company has two products - AV1, telepresence robot that acts as the child’s eyes, ears and voice in the classroom, and KOMP, a wearable device that lets digital children and grandchildren share photos, messages and make video calls with their analogue grandparents.

No Isolation is not profitable, as it recorded NOK 26.9M ($3.1M) in 2017 at a turnover of 12.4M.

Prior to this round, No Isolation raised $2.8M.