Water-Saving Pioneer, Sandwater, Secures €125M Venture Capital Fund with Backing from Renowned International Investors

Diverse Investor Portfolio

In a significant achievement for water-saving technology, Sandwater has successfully closed a venture capital fund at €125 million, with backing from a diverse group of international institutional investors.

Among the prominent backers are the European Investment Fund (EIF), First Swedish National Pension Fund (AP1), LGT, the Norwegian climate fund Nysnø, Investinor, family offices of Canica and Lærdal, along with several other private equity investors in the Nordics.

The investors contributing to Sandwater’s venture capital fund represent a wide spectrum, including renowned entities such as the European Investment Fund, First Swedish National Pension Fund, and LGT.

The participation of the Norwegian climate fund Nysnø, Investinor, family offices of Canica and Lærdal, alongside various private equity investors in the Nordics, further underscores the appeal and confidence in Sandwater’s innovative water-saving solutions.

Detailed Insights on VCWire.tech

For in-depth insights into Sandwater’s successful venture capital fund closure and the dynamics of the tech venture capital industry, readers can explore more on VCWire.tech.

The new website is dedicated to providing comprehensive coverage of the latest developments and trends in the tech venture capital landscape.

Date of Announcement

The announcement of Sandwater’s venture capital fund closure was made on January 16, 2024. The funding marks a crucial milestone for the company, allowing it to further advance its mission of revolutionizing water-saving technologies.

Continued Innovation and Impact

Spearheading innovation in the water tech sector, Sandwater is poised for significant strides with the substantial backing from global investors.

The funds secured will not only support ongoing initiatives but also propel the company toward creating a lasting impact on water conservation and sustainability.

Source: FinSMEs

For additional details and context, readers can refer to the original article on FinSMEs, providing comprehensive coverage of Sandwater’s venture capital success on January 16, 2024.

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