MRRPhysical AI
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INV Venture capital

Sandwater

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€125M Article 8 impact-focused early-stage VC founded 2021 in Oslo; backs Nordic and Northern European companies across resource efficiency, energy transition, and healthtech; significant investor in humanoid maker 1X Technologies (Series A2 and secondary in Series B).

HeadquartersOslo, NO

Portfolio3 companies

Cited round volume$156M

Cited rounds4

01

Physical AI portfolio

Round-by-round participation

A

Alva IndustriesComponent supplier · early · corporate

2026-07-02Series B · Lead$17MSource

FilicsRobot maker · registered · corporate

2025-07-08Series A · Lead$15MSource

1X TechnologiesRobot maker · registered · consumer

2024-01-13Series B$100MSource

2023-03-23Series A$24MSource

02

Source ledger

4 unique public sources

Alva Industries raises EUR 16M (about USD 17.3M) to scale its ultra-compact electric motorsThe Next Web · retrieved 2026-10-13

Munich-based Filics secures €13.5M to bring space-saving robotics to more warehouses across Europe (original €13.5M)Silicon Canals · retrieved 2026-07-05

1X Secures $100M in Series B Funding1X Technologies · retrieved 2026-07-05

1X Raises $23.5M in Series A2 Funding led by OpenAI1X Technologies · retrieved 2026-07-05