BackingMinds
Venture capitalStockholm · Pre-Seed–Late Stage · 7 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 · 7 people
from the firm's website & curated & public directories
What they invest in
from 2 of 3 portfolio companiesAI & Machine Learning ×1Cleantech ×1Climate Tech ×1Consumer ×1Energy ×1Sports Tech ×1Wellness & Fitness ×1
HQs:Iceland×1
Investments · 3 tracked
founders shown can be your intro pathEquilab is an AI-powered smartphone app that tracks horse riding data using device sensors to monitor distance, speed, gaits, elevation, and turns for riders seeking training analytics and safety features.
AI & Machine LearningConsumerSports TechWellness & Fitness
Co-investorsQalora Capital
SnerpaPower builds technology to digitalize industrial load and connect power-intensive users to fast-changing electricity markets in an intelligent and profitable way.
CleantechClimate TechEnergyReykjavík, IS
Eyrún Linnet(Co-founder)Íris Baldursdóttir(Co-founder)Eyrun Linnet(Founder)
Co-investorsCrowberry Capital
Portfolio news
latest coverage across their companiesFrequently 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 B2B software-focused venture capital firm built by operators, backing SaaS, cloud and enterprise technology companies.
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 is a venture capital firm that invests in transportation sustainability companies. The firm focuses exclusively on this sector across its investment portfolio.
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.
A Nordic institutional super angel firm investing in capital-efficient, technology-enabled startups with sustainable growth models and realistic paths to profitability, focused on founders demonstrating customer focus and operational discipline.
Firms observed investing alongside BackingMinds, from public investor directories. Shared companies are the overlap with BackingMinds's recorded portfolio.
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