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Sandwater (investor - Venture Capital)

Norway sandwater.com
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Offices:Oslo

Project Sandwater is a venture company founded in Norway in 2021 by Tom Mortensen.

  • Tom Mortensen has worked in the oil business in Norway for 15 years, prior to.
  • in 2024, Sandwater announced the final close of a venture fund at $140 million with focus on late seed to series B startups within primarily climate, energy, and health.
Average round investment:18.84M USD
Average number per year:4.8
Distribution: 2025 (4)2024 (5)2023 (7)2022 (7)2021 (5) See the entire list
Portfolio companies: Norway NofenceGermany FilicsNorway Cytovation See the entire list
Mostly invests in: Norway Norway (18) Manufacturing (16)
See the entire list

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Investors with similar profile to Sandwater

Name Criteria
Japan Global Brain
100%
  • Range for average deal size: 10M - 20M USD
  • Similar verticals: Manufacturing, Energy, Software Services, Health services, AI (big data), Hardware, Competitive Intelligence, Robotics, Wearable, Logistics, Retail, Mobile, Automotive, Financial Services, Industry agnostic, Media, Education, Construction Industry
  • Similar business models: B2B, SAAS, B2C (Retail)
  • Common investees countries: Germany, Finland, United Kingdom, Sweden
  • Average number of deals per year: 4.9
  • Active last 12 months: Yes
United States Triton Capital
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  • Range for average deal size: 10M - 20M USD
  • Similar verticals: Energy, Software Services, AI (big data), Competitive Intelligence, Marketplace, Financial Services
  • Similar business models: B2B, SAAS, B2C (Retail)
  • Common investees countries: Norway, Germany, Netherlands, United Kingdom
  • Average number of deals per year: 4.8
  • Active last 12 months: Yes
France Otium Capital
100%
  • Range for average deal size: 10M - 20M USD
  • Similar verticals: Manufacturing, Energy, Software Services, Health services, AI (big data), Hardware, Competitive Intelligence, Biotech, Logistics, Retail, Marketplace, Automotive, Financial Services, Industry agnostic, Media, Electronics, Food Waste
  • Similar business models: B2B, SAAS, B2C (Retail)
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France Karista
100%
  • Range for average deal size: 10M - 20M USD
  • Similar verticals: Manufacturing, Software Services, Health services, AI (big data), Hardware, Competitive Intelligence, Biotech, Robotics, Marketplace, Automotive, Financial Services, Online marketing, Pharma, Weather, Media, Construction Industry
  • Similar business models: B2B, SAAS, B2C (Retail)
  • Common investees countries: Germany, Belgium
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  • Active last 12 months: Yes
Ireland Atlantic Bridge
100%
  • Range for average deal size: 10M - 20M USD
  • Similar verticals: Manufacturing, Software Services, Health services, AI (big data), Agriculture, Hardware, Competitive Intelligence, Biotech, Wearable, Marketplace, Automotive, Pharma, Industry agnostic, Audio, Construction Industry, Electronics
  • Similar business models: B2B, SAAS, B2C (Retail)
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United Kingdom Beringea
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Sweden Yanno Capital
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  • Range for average deal size: 10M - 20M USD
  • Similar verticals: Manufacturing, Software Services, AI (big data), Competitive Intelligence, Retail, Mobile, Financial Services, Online marketing, Media, Audio, Education
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United States Shell Ventures
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  • Range for average deal size: 10M - 20M USD
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  • Common investees countries: Norway, Germany, Netherlands, Finland, United Kingdom
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  • Active last 12 months: Yes
United States Coinbase Ventures
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  • Range for average deal size: 10M - 20M USD
  • Similar verticals: Software Services, AI (big data), Competitive Intelligence, Marketplace, Financial Services
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  • Common investees countries: Norway, Germany, Belgium, United Kingdom, Sweden
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Czech Republic Rockaway Capital
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  • Range for average deal size: 10M - 20M USD
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  • Similar business models: B2B, SAAS, B2C (Retail)
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  • Active last 12 months: Yes
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