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Sandwater

Europe, Oslo, Norway, Oslo

Description

Sandwater fund accelerating, ambitious companies to make an impact that matters.

Investor Profile

Sandwater has backed more than 10 startups, with 3 new investments in the last 12 months alone. The firm has led 5 rounds, about 50% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series Unknown, Secondary Market rounds (top funding stages).
  • Majority of deals are located in Norway, Germany, Sweden.
  • Strong thematic focus on Manufacturing, Biotechnology, Medical.
  • Led 2 rounds in the past year.

Stage Focus

  • Series A (60%)
  • Series Unknown (20%)
  • Secondary Market (10%)
  • Seed (10%)

Country Focus

  • Norway (50%)
  • Germany (20%)
  • Sweden (10%)
  • Finland (10%)
  • Denmark (10%)

Industry Focus

  • Manufacturing
  • Biotechnology
  • Medical
  • Artificial Intelligence (Ai)
  • Hardware
  • Robotics
  • Agriculture
  • Agtech
  • Health Care
  • Animal Feed
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Sandwater frequently co-invest with?

Skagerak Capital
Europe, Vest-Agder, Norway, Kristiansand
Co-Investments: 2
HTGF | High-Tech Gruenderfonds
Europe, Nordrhein-Westfalen, Germany, Bonn
Co-Investments: 1
Samsung NEXT
North America, California, United States, Mountain View
Co-Investments: 1
Type One Ventures
North America, California, United States, Malibu
Co-Investments: 1
N
Europe, England, United Kingdom, London
Co-Investments: 1
European Innovation Council
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 1
Bayern Kapital
Europe, Bayern, Germany, Landshut
Co-Investments: 2
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 1
OpenAI Startup Fund
North America, California, United States, San Francisco
Co-Investments: 1
Alliance VC
Europe, Oslo, Norway, Oslo
Co-Investments: 1

Which angels does Sandwater often collaborate with?

HJ
Europe, Skane Lan, Sweden, Malmö
Shared Deals: 1

What are some of recent deals done by Sandwater?

Filics

Munich, Bayern, Germany

Filics automates intralogistics pallet transportation with a double runner system.

LogisticsSupply Chain ManagementTransportation
Series AJul 7, 2025
Amount Raised: $15,882,446
Cytovation

Bergen, Hordaland, Norway

Cytovation AS is a privately-held biotech company, specialising .

BiotechnologyLife ScienceMedical
Series UnknownApr 23, 2025
Amount Raised: $5,956,138
Enduro Genetics

Copenhagen, Hovedstaden, Denmark

Enduro Genetics is a technology provider committed to enabling large-scale fermentations.

BiotechnologyGenetics
Series AFeb 3, 2025
Amount Raised: $12,288,837
XO Life

München, Bayern, Germany

XO Life connects patients and pharma for the better life.

Health CareMedicalPharmaceutical
Series UnknownAug 22, 2024
Amount Raised: $7,781,098
CardioSignal

Turku, Western Finland, Finland

CardioSignal offers a digital cardiac biomarker for self-monitoring, remote care, and point-of-care diagnostics.

AppsBiotechnologyHealth CareManufacturingMedicalMedical DeviceMobile AppsSensor
Series AJan 23, 2024
Amount Raised: $10,000,000
1X

Moss, Ostfold, Norway

1X is an AI and robotics company that designs and develops humanoid robots to address global labor needs.

Artificial Intelligence (AI)HardwareManufacturingRobotics
Secondary MarketJan 11, 2024
FarmInsect

Bergkirchen, Bayern, Germany

FarmInsect offers an automated solution for the local insect breeding at the farmer as animal feed for chickens, pork, and fish.

AgricultureAgTechAnimal FeedFarmingFood ProcessingHorticulture
Series AOct 23, 2023
Amount Raised: $8,536,520
ClimateView

Stockholm, Stockholms Lan, Sweden

ClimateView is a technology company that empowers the public and private sector to make data-driven decisions in the transition.

Big DataCleanTechGreenTechInformation TechnologySoftware
Series AJun 12, 2023
Amount Raised: $15,067,535
1X

Moss, Ostfold, Norway

1X is an AI and robotics company that designs and develops humanoid robots to address global labor needs.

Artificial Intelligence (AI)HardwareManufacturingRobotics
Series AMar 23, 2023
Amount Raised: $23,500,000
Evyon

Oslo, Oslo, Norway

Evyon leverages a data-driven approach to repurpose discarded EV batteries into high-quality, sustainable and scalable battery systems.

BatteryElectrical DistributionElectronicsEnergyManufacturing
SeedNov 17, 2022
Amount Raised: $8,288,927