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Status
ACTIVE
Global HQ
Oslo, Norway
Countries of investment
  • Norway
  • Sweden
  • Denmark
  • Finland
  • Iceland
  • United Kingdom
  • Germany
  • Netherlands
Investment stages
  • Pre-Seed
  • Seed
  • Series A
Industries
  • Enterprise Software
  • AI
  • Climate Tech
  • FinTech
  • Emerging Tech
  • SaaS
  • Sustainability
About
Sandwater is an Oslo-based VC focused on pre-seed and seed-stage Nordic and European technology startups. Their focus spans enterprise software, AI, climate tech, FinTech, and emerging tech across Norway, Sweden, Denmark, Finland, Iceland, the United Kingdom, Germany, and the Netherlands. The firm supports mission-driven founders from Pre-Seed through Series A.
Min check size
$1M
Max check size
$10M
Fund size
NPS

Investment Thesis

Sandwater is a pre-seed and seed-stage venture capital firm deploying capital across enterprise software, AI, climate tech, FinTech, and emerging technology sectors with a focus on Nordic and European markets. They invest in mission-driven founders building category-defining technology companies tackling global challenges. The firm differentiates itself through its Oslo positioning at the heart of Nordic tech ecosystem, dedicated focus on impact-aligned founders, operator-investor expertise, and Nordic-European cross-border investment strategy.
Lead investor
Co Invest
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Manager's Experience

The Sandwater founding team brings combined Nordic operator-investor expertise across enterprise software, AI, climate tech, and FinTech sectors with focus on mission-driven founders. The team operates from Oslo with dedicated focus on supporting Nordic and European technology founders building category-defining companies tackling global challenges, leveraging deep relationships across Nordic and broader European tech ecosystems.

Sandwater Contacts Information

Primary contact

Secondary contact

Team

Tom Even Mortensen - Partner

Torkel Engeness - Partner

Katherine Mellis - Investment Director

Adele Unneberg - Investment Team

Reetta Heiskanen - Team Member

Chloe Fu - Team Member

Didrik Dewan - Team Member

Alexander Domin - Partner

Portfolio

1X Technologies

Antec Biogas

CMR Surgical

CardioSignal

ClimateView

Cytovation

Enduro Genetics

Evyon

FarmInsect

Filics

Grunt

Hallgruppen

Nofence

Oyster Thermal

Powall

Salient Energy

Soil Capital

Standard Bio

Turbulent Flux

Wrepit

XO Life

Mantle8

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