Sandwater
Overview
Sandwater is a venture capital fund that supports a new generation of daring entrepreneurs to grow and accelerate their companies. They invest thematically with a focus on resource efficiency, energy transition, human health & wellbeing, and impact enablers . Sandwater invests in Nordic growth companies that contribute to reducing greenhouse gas emissions and to selected Sustainable Development Goals .
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| 1X Technologies | Apr 2025 | Series B-2 | Co-investor |
| Nofence | Sep 2025 | Series B | Co-investor |
| Liquidstar | Mar 2023 | Accelerator | Co-investor |
| ComputerWell | Mar 2022 | Accelerator | Co-investor |
| Grunt | Mar 2019 | Seed | Co-investor |
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Key People
Morten E. Iversen
General Partner
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Sandwater based?
Sandwater is headquartered in Oslo, Oslo, Norway.
When was Sandwater founded?
Sandwater was founded in 2021.
How many portfolio companies does Sandwater have?
Sandwater has 27 portfolio companies in Caplight's dataset.
What are some companies in Sandwater's portfolio?
Portfolio companies visible on Caplight include 1X Technologies, Nofence, Liquidstar, ComputerWell, Grunt.
What was Sandwater's most recent investment shown here?
Sandwater's most recent investment in this portfolio sample was in Nofence in 2025.
What sectors does Sandwater focus on?
Sandwater focuses on Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Frontier & Industrial Tech, Energy & Sustainability, Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, Energy & Sustainability, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Frontier & Industrial Tech, Healthcare & Life Sciences, Energy & Sustainability, Healthcare & Life Sciences, Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, Energy & Sustainability, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Enterprise Software, Energy & Sustainability, Enterprise Software, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Consumer & Commerce, Enterprise Software, Mobility, Transportation & Logistics, Enterprise Software, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure.
What company stages does Sandwater focus on?
Sandwater typically invests at the Early stage.
What is Sandwater's AUM?
Sandwater's assets under management are estimated between $100.0M and $250.0M.