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BackingMinds

Venture capital

Stockholm · Pre-Seed–Late Stage · 7 people tracked

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Investment thesis

BackingMinds seeks out 'blind spots' in the venture market, backing high-performing founders who fall outside the reach of traditional VC networks. The firm invests on an industry-agnostic basis in early-stage tech companies and emphasizes hands-on support to help entrepreneurs scale. It highlights a focus on underrepresented and overlooked founders, noting that most of its portfolio companies are founded outside capital cities, many include female founders, and a notable share have founders with migrant backgrounds. Backing, for the firm, means more than capital — it is a mindset of rolling up sleeves alongside founders. The firm operates across the Nordics with particular attention to Denmark.

Source: firm website, verified Sep 27, 2026.

Stage
Pre-Seed–Late Stage
Check
$550K – $3.3M
HQ
Stockholm, SE
Leads rounds
Leads
Instruments
Equity
Founded
2016
Last 12 months
1 investment
Tracked investments
24

Team · 7 people

from the firm's website & curated & public directories
Lisen Oliw· Investment Partnerin

What they invest in

from 17 of 24 portfolio companies

Cleantech ×6SaaS ×6AI & Machine Learning ×5Energy ×5Consumer ×4Enterprise Software ×4Climate Tech ×3Digital Health ×2

HQs:Sweden×5Denmark×3Finland×1United Kingdom×1Iceland×1Netherlands×1

Investments · 24 tracked

founders shown can be your intro path

By year:2026 · 12025 · 22024 · 22022 · 27 dated

Boneproxboneprox.com

Boneprox provides AI-driven dental imaging and digital dentistry services that let healthcare providers securely exchange, analyze, and diagnose patient images.

AI & Machine LearningDigital HealthHealthtech

Bricknodebricknode.com

Bricknode offers Done OS, a business operating system that combines CRM, operations, and people tools with financial services (payments, credit, cash management, corporate cards and spend management) and operational services in a single platform.

Enterprise SoftwareFintechSaaS

Cemvisioncemvision.techPre-Seed · Sep 2022 · $2M

Cemvision develops next-generation cement using alternative raw materials, electrified kilns, and waste slag upcycling to reduce carbon emissions in the construction industry.

CleantechConstruction TechNew Materials

Co-investorsZacua Ventures

Deftpowerdeftpower.cominAug 2025 · $15M

Deftpower builds software that connects electric vehicle ecosystem participants—car manufacturers, energy retailers, grid operators, and charger operators—to simplify and optimize the charging experience for drivers and mobility companies.

CleantechEnergyMobility & TransportationSaaSArnhem, NL

Co-investors4impact capitalEndeit CapitalProeza VenturesRethink VenturesSpinLab

Denjo Dogsdenjodogs.com

Denjo Dogs is a Swedish company that designs and sells dog products, including its Classic Nest dog bed, with all products manufactured in the EU.

ConsumerDirect to ConsumerE-commerceStockholm, SE

Dynamic Codedynamiccode.com

Dynamic Code offers at-home DNA tests and self-tests for health, nutrition, and training, delivering personalized reports and recommendations through its app.

ConsumerDigital HealthWellness & Fitness

Equilabequilab.horsein

Equilab 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

Hybird Energyhybird.energy

Hybird develops an electrical operating system (Hybird OS) with retrofit or new panel hardware that monitors electricity at the device level to detect and automatically eliminate consumption waste, serving businesses across office buildings, logistics, hospitality, retail, and manufacturing, as well as electrical installers who manage installations remotely.

CleantechEnergyIoTCopenhagen, DK

Morten Primdahl(Founder)Thomas SkovbySøren Berg(Co-founder)Johannes Torpe

Co-investorsInventureSpintop Ventures

Lingiolingio.com

Lingio offers an AI-powered employee training platform with a mobile learning app designed for frontline and deskless workers in industries such as hospitality, cleaning, public transport, and care.

AI & Machine LearningEdTechHR Tech

Co-investorsCalm/Storm VC

Nitrovoltnitrovolt.cominPre-Seed · Mar 2024 · $830K

NitroVolt develops deep-tech solutions focused on water, air, and green energy applications based on two decades of academic research.

AgTechCleantechClimate TechDeep TechEnergyDenmark, DK

Suzanne Zamany Andersen(Founder)in

Co-investorsSatgana

Serviceformserviceform.cominSeries A · Feb 2022 · $2.4M

Serviceform provides live chat software for customer support and sales teams, integrating web chat, email, WhatsApp, Instagram and Facebook into a single inbox with AI-suggested replies.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSTurku, FI

Iranthi Gomes(Co-founder & CEO)inJarkko Oksanen(Co-founder & CTO)in

Co-investorsGorilla Capital

Skrymskrym.se

Skrym provides API-first, modular logistics tools that give retailers and e-commerce companies visibility into shipping and delivery, track shipping margins per order, and customize the post-purchase order journey.

E-commerceLogistics & Supply ChainSaaS

SNERPA Powersnerpapower.com

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)

Co-investorsCrowberry Capital

Taviontavion.seinApr 2026

Tavion develops and operates utility-scale battery energy storage systems (BESS) to provide grid flexibility and stabilize renewable generation, with its first projects in Poland and plans to scale across European markets.

CleantechClimate TechEnergyStockholm, SE

Co-investorsCourse Corrected VC Holding IILeitmotif

Transfer Galaxytransfergalaxy.com

Transfer Galaxy is a cross-border money transfer service that lets users send funds to mobile wallets, bank accounts, or cash pickup points in over 20 countries via a mobile app or website.

ConsumerFintech

Treeferatreefera.cominSeries B · Jun 2025 · $30M

London, GB

Caroline Grey(Founder)Jonathan Horn(Founder)in

Co-investorsAlbionVCEndeit CapitalJanuary VenturesNotion CapitalRLC VenturesTwin Path Ventures

Trustracetrustrace.comin𝕏

TrusTrace provides a platform that collects, validates, and traces real-time data from supplier networks to help fashion and footwear companies demonstrate the sustainability and fairness of their supply chains.

AI & Machine LearningCircular EconomyData & InfrastructureEnterprise SoftwareLogistics & Supply ChainSaaS

Saravanan Parisutham(Founder)in

Co-investorsIndustrifondenFairpoint Capital

Uniqkeyuniqkey.euAug 2024

Uniqkey is a European business password and access management solution offering zero-knowledge, end-to-end encryption with data hosted and operated in Europe to meet EU data security standards.

CybersecurityEnterprise SoftwareSaaS

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Brain StimulationCombify ABHelios InnovationsTechArenaVirkesborsen

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has BackingMinds made?
BackingMinds has 24 tracked investments, including 3 dated in the last 24 months.
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.
Who does BackingMinds co-invest with?
BackingMinds most often shares deals with Bonnier Capital, Crowberry Capital, Impact Ventures, among 10 tracked co-investors.

Media · Podcasts & interviews

featuring the team

D-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

BackingMinds photo

Co-investors · 6

Notion Capital

Notion Capital is a London-based venture capital firm focused on B2B SaaS and cloud technology companies, backing founders on the journey to scale.

Both backed · 1
Treefera
$1M – $100M
AlbionVC

AlbionVC is an early-stage venture capital firm backing European founders, providing both capital and operational expertise across deeptech, health, finance, and intelligence sectors.

Both backed · 1
Treefera
Inventure

Inventure is a generalist early-stage venture capital firm investing primarily across the Nordics and Baltics, having backed over 100 companies since 2005.

Both backed · 1
$330K – $5.5M
Rethink Ventures

Rethink Ventures is a venture capital firm that invests in transportation sustainability companies. The firm focuses exclusively on this sector across its investment portfolio.

Both backed · 1
Gorilla Capital

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.

Both backed · 1
CemVision

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.

Firms observed investing alongside BackingMinds, from public investor directories. Shared companies are the overlap with BackingMinds's recorded portfolio.

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