# Sandwater

> Sandwater is a VC fund in Oslo backing AgTech and Medical. See 24 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Oslo, Norway
- Total investments: 24
- Last investment: Jul 2026
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/sandwater/
- Website: https://sandwater.com/

Sandwater is a VC fund in Oslo focused on AgTech and Medical. Sandwater fund accelerating, ambitious companies to make an impact that matters.

## Contacts

5 contacts available for Sandwater. Shizune tracks 1 team members at Sandwater. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/sandwater?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $8.5M–$24M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| AgTech | 3 | 13% |
| Medical | 3 | 13% |
| Agriculture | 3 | 13% |
| Farming | 2 | 8% |
| Health Care | 2 | 8% |

26 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 9 | 38% |
| Funding Round | 3 | 13% |
| Seed | 1 | 4% |
| Series B | 1 | 4% |
| Secondary Market | 1 | 4% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Norway | 4 | 17% |
| Germany | 3 | 13% |
| France | 1 | 4% |
| Sweden | 1 | 4% |
| Belgium | 1 | 4% |

7 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Kristian Melhuus | Partner | 1 | https://shizune.co/investors/profile/kristian-melhuus |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| CurifyLabs | CurifyLabs develops technology for the automated compounding of personalized medicines used in pharmacies and hospitals. Its platform combines compounding hardware, software, validated excipient bases, integrated quality control, and digital documentation to support the preparation of non-sterile medications through standardized workflows. Thecompany also provides formulation libraries and tools that enable pharmacists to create and produce patient-specific dosage forms while maintaining traceability and consistency throughout the compounding process. Its solutions are used to support personalized medication preparation across a range of healthcare settings. | $13.7M | Series A | Jul 06, 2026 |  |
| Alva Industries | Alva Industries specializes in next-generation electric motor technology, producing lightweight, high-torque frameless motors for precision applications. Their patented FiberPrinting process creates ironless, slotless windings with superior copper fill factors, enabling zero cogging, high efficiency, and customizable designs. These motors, brandedas SlimTorq, integrate Halbach rotors for enhanced magnetic flux and target industries like defense, marine propulsion, robotics, and medical devices. | $18.3M | Venture - Series Unknown | Jul 02, 2026 |  |
| Mantle8 | Mantle8 is a natural hydrogen exploration company. It has developed geological models and imaging technologies that detect the best natural hydrogen locations with “world-first accuracy“ | $36.4M | Series A | May 13, 2026 |  |
| XO Life | XO-Life.com is an online destination center. That provides services includes digital treatment monitoring and patient feedback R&D, marketing and sales. That offers services for Patient Insights, information exchange between patients and pharma, treatments and indications. | $4.7M | Venture - Series Unknown | Apr 14, 2026 |  |
| Nofence | Nofence is a system virtual fencing for grazing animals. Virtual fencing of livestock has been a concept long discussed in academia. The Norwegian ag-tech startup Nofence has since 2011 developed and patented a solution for virtual fencing that has proven to work. The customers say that this will become a real gamechanger for livestock managementsince pastures can easily be defined by a few clicks on a tablet/smartphone. The herd is then safely fenced in and can be monitored. The system will send notifications if something happens. From the global food security perspective, this solution will make it much easier to utilize the uncultivated land for varied and healthy pasture, and make it possible to produce more food on cultivated land. | $35M | Series B | Sep 16, 2025 |  |
| Filics | Filics provides an automated double runner system for intralogistics, specializing in pallet transportation. Its Filics Unit fits under various load carriers, offers omnidirectional movement, and aims to increase productivity while addressing labor shortages. The company's software enables intuitive operation and customization for differentapplications in logistics and industry. |  |  | Jul 07, 2025 |  |
| Filics | Filics provides an automated double runner system for intralogistics, specializing in pallet transportation. Its Filics Unit fits under various load carriers, offers omnidirectional movement, and aims to increase productivity while addressing labor shortages. The company's software enables intuitive operation and customization for differentapplications in logistics and industry. | $15.8M | Series A | Jul 07, 2025 |  |
| Filics | Filics provides an automated double runner system for intralogistics, specializing in pallet transportation. Its Filics Unit fits under various load carriers, offers omnidirectional movement, and aims to increase productivity while addressing labor shortages. The company's software enables intuitive operation and customization for differentapplications in logistics and industry. | $15.8M | Series A | Jul 07, 2025 |  |
| Cytovation | Cytovation AS is a privately-held biotech company, specialising in dermatological diseases, based in Bergen, Norway. | $5.9M | Venture - Series Unknown | Apr 23, 2025 |  |
| Enduro Genetics | Enduro Genetics is a genetic technology provider committed to enabling biomanufacturing and the company work with clients to improve existing or new cell lines and production strains. Through its Enduro Sense technology platform it develops genetic plug-ins, which 'addicts' cell lines and production strains to high and stable production.The technology offers drastic improvements to both well established and new bioprocesses. | $12.4M | Series A | Feb 03, 2025 |  |

10 of 24 investments shown.

## Co-investors
- [Bayern Kapital](https://shizune.co/investors/profile/bayern-kapital) — VC Fund, 7 deals together
- [10x Founders](https://shizune.co/investors/profile/10x-founders) — VC Fund, 3 deals together
- [Alven](https://shizune.co/investors/profile/alven-capital) — VC Fund, 3 deals together
- [Amazon Industrial Innovation Fund](https://shizune.co/investors/profile/amazon-industrial-innovation-fund) — VC Fund, 3 deals together
- [Capnamic](https://shizune.co/investors/profile/capnamic-ventures) — VC Fund, 3 deals together
- [Ferd](https://shizune.co/investors/profile/ferd-venture) — VC Fund, 3 deals together

## Similar investors

### Similar industry
- [SVG Ventures](https://shizune.co/investors/profile/svg-ventures) — VC Fund
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund
- [Omnivore](https://shizune.co/investors/profile/omnivore-partners) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

### Similar country
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Investinor](https://shizune.co/investors/profile/investinor) — VC Fund
- [Skyfall Ventures](https://shizune.co/investors/profile/skyfall-ventures) — VC Fund

## Featured in investor lists
- [All VC Funds in Norway](https://shizune.co/investors/vc-funds-norway)
- [All Investors in Norway](https://shizune.co/investors/investors-norway)
- [Manufacturing Investors in Norway](https://shizune.co/investors/manufacturing-investors-norway)
- [Manufacturing VC Funds in Norway](https://shizune.co/investors/manufacturing-vc-funds-norway)
- [Climate Investors in Norway](https://shizune.co/investors/climate-investors-norway)
- [Climate VC Funds in Norway](https://shizune.co/investors/climate-vc-funds-norway)

## FAQ

### What does Sandwater invest in?

Sandwater invests primarily in AgTech, Medical and Agriculture startups, most often at Series A and Funding Round stage. Most of the 24 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Sandwater's check size?

Sandwater typically joins rounds of $8.5M–$24M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Sandwater participates in.

### How do I contact Sandwater?

Public channels for Sandwater include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Sandwater?

The team at Sandwater includes Kristian Melhuus (Partner). The Team section lists each member with their title, investment count and links.

### 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co