BackingMinds
Venture capitalStockholm · Pre-Seed–Late Stage · 8 people tracked
Investment thesis
BackingMinds focuses on 'backing blind spots' — identifying and supporting talented founders who fall outside the reach of traditional venture capital networks. The firm invests on an industry-agnostic basis in early-stage technology companies, viewing backing as more than capital: it emphasizes a hands-on mindset and a willingness to actively help companies scale. The firm highlights its commitment to diversity and change, noting that a majority of the companies it backs are founded outside capital cities, many include female founders, and a significant share have at least one founder with a migrant background.
Source: firm website, verified Aug 3, 2026.
Team · 8 people
from the firm's website & public directories
What they invest in
from 2 of 3 portfolio companiesCleantech ×1Climate Tech ×1Consumer ×1Energy ×1Sports Tech ×1Wellness & Fitness ×1
HQs:Iceland×1
Investments · 3 tracked
founders shown can be your intro pathEquilab is a mobile app for horseback riders that tracks and analyzes ride data including gaits, speed, distance, turns, and elevation, and shares the rider's live location with selected contacts for safety.
ConsumerSports TechWellness & Fitness
SnerpaPower builds technology to digitalize industrial load and connect power-intensive users to fast-changing electricity markets in an intelligent and profitable way.
CleantechClimate TechEnergy
Eyrún Linnet(Co-founder)Íris Baldursdóttir(Co-founder)
Frequently asked questions
- What stage does BackingMinds invest at?
- BackingMinds invests at the Pre-Seed, Seed, Series A, Series B, Late Stage stages.
- What is BackingMinds's typical check size?
- BackingMinds typically writes checks of $550K – $3.3M.
- What sectors does BackingMinds focus on?
- BackingMinds focuses on Climate Tech, EdTech, Energy, Fintech, Healthtech, Impact & Social Good, New Materials, Retail Tech, SaaS, Sector Agnostic.
- Where is BackingMinds located?
- BackingMinds is headquartered in Stockholm, SE.
- Does BackingMinds lead rounds?
- Yes, BackingMinds leads investment rounds.
Media · Podcasts & interviews
featuring the teamD-Congress 2018 intervju Sara Wimmercranz, medgrundare BackingMinds & Footway
Svensk Digital Handel · Sara Wimmercranz
D-Congress 2018 intervju Sara Wimmercranz BackingMinds
Sara Wimmercranz · vimeo.com
BackingMinds Founder Susanne Najafi
Susanne Najafi · vimeo.com
Images
Co-investors · 6
Notion Capital is a European early-stage venture investor focused on business software companies, run by a team of former entrepreneurs and operators.
AlbionVC is an early-stage venture capital firm backing European founders, providing both capital and operational expertise across deeptech, health, finance, and intelligence sectors.
Inventure is a generalist early-stage venture capital firm investing primarily across the Nordics and Baltics, having backed over 100 companies since 2005.
Rethink Ventures partners page describing its corporate partner network. The firm connects startups with corporate partners to foster collaboration and innovation.
Cemvision is a cleantech company focused on decarbonizing cement through modernized chemistry, alternative raw materials, and non-fossil fuel kilns. The firm aims to reinvent cement production to reduce climate impact in the construction industry.
Gorilla Capital is a Nordic institutional angel investor that backs ambitious, capital-efficient startups led by experienced founders. The firm invests primarily before product-market fit, emphasizing sustainable growth, customer validation, and disciplined capital deployment.
Firms observed investing alongside BackingMinds, from public investor directories. Shared companies are the overlap with BackingMinds's recorded portfolio.
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