Sandwater

Sandwater is a Nordic venture capital firm dedicated to supporting early-stage companies that develop solutions to address global challenges. With a strong impact mandate, the firm focuses on investments in resource efficiency, energy transition, and health technology sectors. Sandwater's approach emphasizes collaboration and transparency, aiming to foster sustainable innovation and technology development across the Nordic region.

Established in 2021, Sandwater has successfully raised approximately €125 million for its first fund, making it one of the largest first-time venture funds in the Nordics. The fund has attracted a diverse group of international institutional investors, including the European Investment Fund (EIF), First Swedish National Pension Fund (AP1), and LGT, alongside Norwegian entities such as the climate fund Nysnø and Investinor. This strong backing underscores the confidence in Sandwater's mission and investment strategy.

The firm's portfolio includes a range of companies across its focus areas. Notable investments encompass 1X, a company developing humanoid robots for care settings; Antec, specializing in biogas solutions; Nofence and FarmInsect, both involved in regenerative and sustainable agriculture; Evyon, focusing on second-life batteries; and ClimateView, which works on decarbonization solutions for cities and municipalities. Sandwater's commitment to these ventures reflects its dedication to fostering innovation that contributes positively to society and the environment.

Sandwater's investment philosophy centers on identifying and supporting companies with scalable solutions that address critical issues in large, global markets. The firm typically invests between €2 million and €10 million in late Seed to Series B stages, primarily in the Nordics and Northern Europe. Beyond capital, Sandwater offers hands-on support to its portfolio companies, assisting with strategy development, key hires, customer introductions, and preparing for subsequent fundraising rounds. This comprehensive support aims to accelerate the growth and impact of the companies it invests in.

With a clear thematic strategy and a strong impact mandate, Sandwater continues to contribute to the growth of the Nordic and European venture capital ecosystems, identifying and supporting high-potential companies that align with its mission to address some of the world's most pressing challenges.