Parallelo raised NOK 4 million from seed investors from Norway.

Parallelo, an Oslo, Norway-based startup developing software solution for the architecture companies, secured NOK 4M ($370k) in capital investment.

The funding was provided by two private investors from Norway - Stegg Eiendom and Tina Kjeldsen - which will control 15% of the company's equity.

Parallelo was founded in 2019 as a spinoff from the architecture firm TAG Architects - both led by CEO Lars Eirik Ulseth. The company is developing a software solution that specifically sources, analyzes and illustrates the optimal combination of apartments and room solutions in large, urban housing projects.