Records Smashed at Live Crowdfunding

Over 2.3 million NOK was raised at Technoport's Live Crowdfunding Experience, smashing all previous records for Norway's leading live equity crowdfunding event.

FlowMotion backflipped themselves to top spot in this year's Live Crowdfunding Experience, winning over 1 million Norwegian kroner of investment.

(See video on ArcticStartup)

Didrik Dimmen from FlowMotion Technologies set the bar for the show, entering the stage on a BMX bike, performing a backflip in the process. The two-hour event saw a mind-blowing amount of 2,347,460 NOK being invested, shattering 2015’s record of 580,000 NOK, an unprecedented increase of nearly 400%, beyond everyone's expectations!

FlowMotion Technologies received a total of 1,100,000 NOK. The runner-up DropRacks received 613,350 NOK, MinMemoria received 461,910 NOK and Stikkmenn received 215,000 NOK.

The Live Crowdfunding Experience 2016 was hosted by the marvellous Dale Murray, an investor, and awarded British Angel Investor of the Year in 2011 from the UK Business Angels Association. She has also participated in the Business Taskforce for David Cameron, the British Prime Minister, in 2013. Her ecstatic and poised nature brought a sense of wonder to the experience, and Technoport were delighted by her participation. 

The show had a panel of judges, whom each had 5,000 NOK to give the competitors. The Live Crowdfunding Experience panel of judges consisted of Jack Fuchs, an entrepreneur and a lecturer at Stanford in California, Eirik Medbø is the CMO and co-founder of the startup AssiTech, and Jennifer Vessels is the CEO at Next Step in Silicon Valley. While Medbø favored DropRack, MinMemoria was on the receiving end of Fuchs and Vessels endowment.

Technoport CEO Gøril Forbord was thrilled with the success of the event. "I'm so happy that each startup raised an amount of money that can make a real impact on their business. Equity crowdfunding is more widely known now as there have been several success stories around Norway, but even so the level of funding raised last night surpassed all our expectations."

Photos: Wil Lee-Wright Photography

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