Huddly AS – Received Innovation Norway loan commitment of NOK 40 million
Oslo, 19 May 2026: Huddly AS (“Huddly” or the “Company”) has been granted a NOK 40 million loan from Innovation Norway to support the Company’s growth ambitions and business plan.
The loan proceeds will be used to finance working capital requirements and further strengthen Huddly’s liquidity and financial flexibility in support of its strategic objectives.
The loan has a term of five years, including a one-year grace period on instalments, and carries an interest rate of approximately 7.4-7.6%. The loan is backed by the European Investment Fund (EIF) through its guarantee schemes.
Availability of the loan remains subject to execution of final loan documentation.
“Huddly continues to deliver on its strategy and business plan, supported by strong growth from strategic partners. The loan from Innovation Norway represents both a recognition of our market-leading technology and a further strengthening of the Company’s available liquidity as we progress towards becoming cash flow positive,” says Abhijit Banik, CFO of Huddly.
“Innovation Norway is pleased to support Huddly’s global expansion. The company has built a world-leading AI-powered video meeting solution and has demonstrated that it is possible to build a globally competitive technology company from Norway,” says Kristin Willoch Haugen, Director, Eastern Region at Innovation Norway.
Innovation Norway is the Norwegian Government’s key instrument for innovation and development of Norwegian enterprises and industry. Innovation Norway is owned by the Norwegian State, represented by the Ministry of Trade, Industry and Fisheries, which holds 51 per cent, and the county councils, which hold 49 per cent.
For more information, please contact:
Abhijit Banik, CFO
Mobile: +47 408 30 964
E-mail: abi.banik@huddly.com
This information is considered to be inside information pursuant to the EU Market Abuse Regulation ("MAR") and is subject to the disclosure requirements pursuant to MAR article 17, Euronext Growth Oslo Rule Book – Part II, section 3.9 and section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Abhijit Saha Banik, CFO of the Company, on 19 May 2026, at 17:10 CEST. This announcement may include projections and other "forward-looking" statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the Company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement.
About Huddly AS
Disruptive innovation is our heartbeat at Huddly. We're committed to pushing technology and challenging the status quo to empower human collaboration. Combining our industry-leading expertise in artificial intelligence, software, hardware, and UX, we craft intelligent camera systems that enable inclusive and productive teamwork. Huddly cameras are designed to provide high-quality, AI-powered video meetings on major platforms, including Microsoft Teams, Zoom, and Google Meet. With upgradable software, durable hardware, and engaging user experiences, they are the ideal choice for organizations seeking a future-proof, scalable, and sustainable solution. Founded in 2013, Huddly is headquartered in Oslo, Norway, with presence in the US and EMEA and distribution globally.