BackingMinds

About The Fund

BackingMinds is a venture capital firm based in Stockholm, Sweden, which emphasizes uncovering and investing in high-performing founders who are often overlooked by traditional venture capital networks. Founded in 2016, BackingMinds focuses on a range of industries including Software (Web Marketplace SaaS, etc.), IT & TMT (Technology, Media, and Telecommunications), FinTech & Financial services, Retail & E-Commerce, CleanTech, Mobile, and Consumer sectors. With an investment range between 500,000 to 3,000,000 and a sweet spot at around 1,500,000, they are suited to support seed and Series A funding rounds. BackingMinds prides itself on being industry-agnostic and providing early-stage tech companies with not just capital but also a hands-on mindset to help scale their operations. As part of their investment thesis, they target companies that demonstrate potential for growth and innovation, especially those situated outside of capital cities, founded by at least one individual with a migrant background, or that include at least one female founder in the founding team. BackingMinds supports their portfolio companies as a 'supporting act', recognizing the entrepreneurs themselves as the 'superstars'. By tapping into what they refer to as 'backing blind spots', BackingMinds works to drive change and offer opportunities to promising startups that may otherwise be missed by the larger venture capital community. They highlight the substantial portion of companies that are established beyond the usual hubs, with significant statistics such as 70% founded outside of capital cities, 35% having at least one founder with a migrant background, and 60% including at least one female founder. Featured in multiple media outlets and investing in various industries, BackingMinds seeks to invest in and scale companies that can make a significant impact in their respective fields.