BackingMinds

BackingMinds is a Stockholm-based venture capital firm with a distinct focus on the Nordic region, operating primarily at the pre-seed and seed stages. Established with a mission to support underinvested entrepreneurs, the firm aims to identify and empower founders who might be overlooked by traditional capital sources. Their strategy emphasizes diversity and inclusion, seeking out promising startups led by individuals from diverse backgrounds or addressing underserved markets within the Nordic ecosystem, thereby fostering a more equitable startup landscape.

The fund's investment thesis centers on providing crucial early-stage capital, with a typical first cheque ranging from €500,000 to €3,000,000. This range positions BackingMinds as a significant early-stage investor, capable of leading or co-leading initial funding rounds for nascent companies. Their €50 million fund size allows them to make multiple strategic investments, supporting a portfolio of promising ventures through their critical initial growth phases. They are known for their hands-on approach, offering not just capital but also strategic guidance and network access to their portfolio companies.

BackingMinds differentiates itself through its commitment to fostering a more inclusive startup landscape. By actively seeking out and backing entrepreneurs from diverse backgrounds, they aim to unlock untapped potential and drive innovation that reflects a broader societal perspective. Their focus on "underinvested entrepreneurs" suggests a proactive stance against biases in venture funding, striving to create a more equitable playing field. This mission-driven approach, combined with their substantial capital deployment, positions BackingMinds as a key player in shaping the future of the Nordic tech scene, promoting both economic growth and social impact.