Søreide on the Rise: Local Startup Sets Record for 24-Hour Funding Round!

Søreide’s startup, a local eco‑tech incubator based in Trondheim, has just shattered national fundraising records. Within a single day, the company closed a 24‑hour funding round that raised a staggering €4.2 million—a record for any regional business in Norway.

The pitch, streamed live on the city’s civic hub, drew 186 investors, from angel groups to municipal funds. 'We knew we could – and we did,' the CEO told reporters, pointing at the live tally that spiked past half an hour.

What makes the round special is its speed. In a market that usually takes weeks to secure capital, the founders leveraged real‑time data and a community‑first approach. 'People want to see impact quickly,' an investor explained. The result was a veritable waterfall of commitments.

The funds will accelerate Søreide’s line of biodegradable packaging and fund a research center in partnership with the University of Trondheim. The local tech ecosystem buzzes with excitement, hopeful that this funding model could inspire other start‑ups to follow suit.

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