Gardar
Gardar Venture Capital is a Norwegian defense technology venture fund that invests in early-stage companies within the Ukrainian innovation ecosystem. The fund focuses on startups from Seed to Series B stages that have demonstrated their technologies in real operational conditions, particularly in defense and security applications. Launched in June 2026, Gardar is managed through Sandwater’s venture platform and is backed by Norwegian investors, including Ferd and Munkene. The fund aims to enhance Ukraine’s defense capabilities and contribute to Europe’s overall security. Its investment areas
Investing activity
Gardar appears in 1 AI deal tracked by the AI Lounge deals desk, rounds totalling $16M. The rounds are mostly Growth, with a median round size of $16M. The most recent is Buntar Aerospace (Growth, $16M, Oct 2026).
Gardar most often invests alongside Freedom Fund, Autonomy Capital and Iron Wolf Capital, and the companies it backs on AI Lounge are mostly in AI defense / autonomy.
Deals
Frequently asked questions about Gardar
What AI companies has Gardar invested in?
Gardar's AI investments include Buntar Aerospace. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Gardar based?
Gardar is based in Oslo, Oslo, Norway.
What stage does Gardar invest at?
In the rounds tracked on AI Lounge, Gardar has invested at Growth, with a median round of $16M.
Who does Gardar co-invest with?
Gardar's most frequent co-investors on AI Lounge are Freedom Fund (1 deal), Autonomy Capital (1 deal) and Iron Wolf Capital (1 deal).
How can founders reach Gardar?
Founders on AI Lounge can see Gardar's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Gardar to their Investor Pipeline to track the conversation.