Sandwater Fund I will make sustainable, early-stage investments in resource efficiency, health and climate technology in the Nordic region. We have so far received NOK 650 million from investors such as Nysnø, Canica, Lærdal, LGT and the Høegh family.
Never before has more been invested in Norwegian early-stage companies. Nevertheless, several growth companies experience that it can be difficult to raise capital for commercialization. Sandwater will help close the capital gap in the Nordic region and secure new sources of capital that provide opportunities for sustainable innovation and technology development.
Sandwater consists of an experienced team with a background in company development and investments and the fund was formally established in 2021, but has invested in companies since 2016. The fund manager builds an interesting ecosystem around it consisting of investors, co-investors, incubators, accelerators and external experts, and will provide experience, networks and venture capital to stimulate a growing Norwegian venture environment.
The companies Sandwater plans to invest in will solve challenges related to resource scarcity, greenhouse gas emissions, health and welfare. ESG will be an integral part of their investment decisions, and the fund will set clear sustainability milestones for companies after investment. Six companies have already received the fund on the ownership side."
"We believe it is a good time to invest in young companies with new technology that can help solve the biggest challenges we have in climate, resource scarcity, and health. More than ever, capital must help bring out the best companies with profitable business models that can deliver something positive that matters. We are very happy for the trust and cooperation with Nysnø and other quality investors who will be with us on this journey ahead, says Tom Even Mortensen, leader of Sandwater."
Investors who have previously joined the fund include Canica, Lærdal, the Høegh family, LGT, and many other experienced players in private equity and venture capital.