Shoreline gets NOK 1.7M

Shoreline, a Stavanger, Norway-based SAAS energy startup received an investment of NOK 1.7M ($200k).

The money comes half from the Norwegian-state owned investment company, Innovasjon Norge, and half from un-named local private investors.

Shoreline, founded in 2014 by Ole-Erik Vestøl Endrerud, has developed simulation software solutions for the offshore wind industry.

Prior to this transaction, the company had taken outside investment to the local incubator and early stage investor, Valide, which now owns a quarter of the company.