Fueling bold ideas to tackle our times' most important challenges

Sandwater backs early-stage companies that build solutions for the change we need. Rooted in the Nordic spirit of collaboration and transparency, we bring passion, commitment and a fearless drive to help founders succeed.

Companies

The founders who are decoding the world’s toughest problems
Our companies
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People

We bring the growth-stage toolbox needed to transform good ideas into great companies. Our promise: conviction + experience to get things done.
Our team
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01/09/2025Adele Unneberg speaking at the Nordic Climate Finance Summit
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05/08/2025Why did we invest in Filics?
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07/07/2025New investment in Filics Series A
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16/06/2025Katherine Mellis to host a roundtable at the Drop
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04/06/2025Jeremy Clarkson adopts Nofence's technology
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19/05/2025Sandwater partner Torkel Engeness discusses defense technology in Shifter.no
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03/05/2025Largest delivery of Antec’s reactors to Norway
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23/04/2025Cytovation raises $6M to advance phase 2 development
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03/04/2025Sandwater welcomes Chloe Fu and Didrik Dewan to the team
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02/04/2025Partner Tom Even Mortensen guests the Nysnø podcast
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23/03/20251X and Nvidia announce research collaboration
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23/03/2025Bioenergy innovation award to Antec Biogas
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17/03/2025The femtech startups to watch, according to investment director Katherine Mellis
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10/03/2025Sandwater welcomes Reetta Heiskanen to the team
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03/02/2025New investment in Enduro Genetics’ Series A
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28/01/2025XO Life rebrands their ImpactMonitor to brite
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23/01/2025Cytovation's latest collaboration to advance treatment for rare cancer
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15/10/2024CMR Surgical receives U.S. FDA marketing authorization
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03/09/2024New investment in Soil Capital's series B
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21/08/2024New investment in XO Life’s €7m seed round
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24/05/2024Farminsect announces strategic partnership with AGRAVIS
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08/04/2024CardioSignal presents heart failure study results
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27/03/2024Ranchers embrace virtual fencing for greener pastures
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14/03/2024CardioSignal publishes a population health study
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23/01/2024New investment in CardioSignal's Series A
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11/01/20241X announces $100M Series B
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10/01/2024Sandwater announces successful final close of venture fund at €125M
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23/10/2023New investment announced into Farminsect
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11/10/2023Cytovation reports promising result from Phase 1/2a Cicilia Study
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05/06/2023Cytovation raises $8 million in Series A extension
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23/03/20231X raises $23.5M in Series A2 funding led by OpenAI
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03/02/2023Adele Unneberg joins the Sandwater investment team
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28/10/2022Cytovation presents Phase I dose escalation at ESMO
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26/01/2022Cytovation raises $20 million in Series A financing