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Project Sandwater

VC Fund

Oslo, Norway

Project Sandwater is a fresh take on venture investments within the Nordics and beyond.

Total investments:
2
Last investment:
Lead investor:
50%

Last updated:

Industries Project Sandwater invests in

MedicalConsultingLife ScienceBiotechnologyNanotechnology

Stages Project Sandwater invests in

Series A

Countries Project Sandwater invests in

NorwayThe Netherlands

Round sizes

Series A $12M–$20M

Round size

Series A
$12M–$20M

Investment Focus

Industry

  • Medical 1 (50%)
  • Consulting 1 (50%)
  • Life Science 1 (50%)
  • Biotechnology 1 (50%)
  • Nanotechnology 1 (50%)
See all 6 industries →

Country

  • Norway 1 (50%)
  • The Netherlands 1 (50%)

Investments

CompanyDescriptionRoundLinks
Cytovation AS is a privately-held biotech company, specialising in dermatological diseases, based in Bergen, Norway. $20.2M / Series A / Jan 25, 2022
Delft IMP (Intensified Materials Production) commercializes nanostructuring of particles using atomic and molecular layer deposition (ALD and MLD), based on the patented and publicized IP and know-how developed within the Product & Process Engineering (PPE) group at Delft University of Technology. Following various feasibility projects betweenindustry and university, Delft IMP was initiated end 2014 to truly commercialize the technology. $11.6M / Series A / Oct 06, 2021

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FAQ

What does Project Sandwater invest in?

Project Sandwater invests primarily in Medical, Consulting and Life Science startups, most often at Series A stage. Most of the 2 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

What round sizes does Project Sandwater invest in?

Project Sandwater typically joins rounds of $12M–$20M at Series A. These are whole funding-round sizes, not Project Sandwater's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Project Sandwater took part in.

When did Project Sandwater last invest?

The most recent investment recorded for Project Sandwater closed in Jan 2022. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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