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Sandwater
Sandwater is a venture capital firm backing early-stage companies that build solutions for the change we need. Rooted in the Nordic spirit of collaboration and...
Sandwater
Sandwater is a venture capital firm backing early-stage companies that build solutions for the change we need. Rooted in the Nordic spirit of collaboration and transparency, it brings passion, commitment and a fearless drive to help founders succeed. Its sweet spot is venture capital investments in resource efficiency, energy transition, and productivity and resilience, typically from Seed to Series B across the Nordics and Northern Europe.
General information
Firm type
Private Equity
Year founded
2021
Location
Region
Europe
Country
Norway
City
Oslo
Corporate office
Oslo, Norway
Principals
Tom Even Mortensen
Managing Partner
Kristian Melhuus
Partner
Morten Iversen
Partner
Torkel Engeness
Partner
Adele Unneberg
Investment Director
Katherine Mellis
Investment Director
Chloe Fu
Investment Manager
Marianne Wangen Eriksen
Investment Manager
Didrik Dewan
Investment Associate
Morten Korsveien
Head of Operations & Finance
Reetta Heiskanen
Head of Communications
Alexander Domin
Partner
Frequently asked questions
What investment stages does Sandwater target?
Sandwater concentrates on expansion and late-stage growth companies. It does not participate in early-stage venture rounds, seed funding, or buyouts. The firm looks for companies that have established product-market fit and need capital to scale operations, positioning itself as a partner for the growth phase rather than the startup formation phase.
Does Sandwater prioritize impact alongside financial returns?
Yes. Sandwater's own wording frames its mission as funding companies that tackle important societal challenges. The firm uses the phrase 'impact that matters' as its core descriptor. However, Sandwater has not publicly released a formal impact report, specific thematic exclusions, or third-party verified impact metrics.
How large is the Sandwater team?
Sandwater publishes a dedicated team page on its website but does not list any individual names, roles, or bios. The absence of disclosed professionals means no headcount, investment committee structure, or individual track records are available in the public domain. This level of opacity is unusual for an institutional growth equity manager.
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