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The Venture Codex

BackingMinds

Strandvägen 7A, Stockholm, Stockholms Lan, 11456, Sweden

Overview

VC firm investing in diverse entrepreneurs and scalable businesses.

Founded

2016

Deals · 12mo

4

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Denmark
Finland
Iceland
Sweden

Sector focus

Internet
SaaS
Software

Investment portfolio

16rounds
NAMEDATESIZE
Tavion
Sep 2026Participated
$53 MOther Equity
SNERPA Power
Aug 2026Participated
$4 MSeed
Tavion
Apr 2026Participated
$62 MDebt
Helios Innovations
Oct 2025Led
$1 MOther Equity
Cetasol
Sep 2025Participated
$3 MSeed
Techarena
Jun 2025Led
$1 MOther Equity
Hybird Energy
Jan 2025Led
$3 MOther Equity
Serviceform
Nov 2024Participated
$3 MOther Equity
NitroVolt
Nov 2024Participated
$4 MSeed
Uniqkey
Aug 2024Participated
$6 MOther Equity
CemVision
Mar 2024Participated
$11 MSeed
NitroVolt
Mar 2024Led
$0.81 MSeed
Tavion
Sep 2026Participated
$53 MOther Equity
SNERPA Power
Aug 2026Participated
$4 MSeed
Tavion
Apr 2026Participated
$62 MDebt
Helios Innovations
Oct 2025Led
$1 MOther Equity
Cetasol
Sep 2025Participated
$3 MSeed
Techarena
Jun 2025Led
$1 MOther Equity
Hybird Energy
Jan 2025Led
$3 MOther Equity
Serviceform
Nov 2024Participated
$3 MOther Equity
NitroVolt
Nov 2024Participated
$4 MSeed
Uniqkey
Aug 2024Participated
$6 MOther Equity
CemVision
Mar 2024Participated
$11 MSeed
NitroVolt
Mar 2024Led
$0.81 MSeed
16
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Insights

Time horizon

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Deal Distribution

BackingMinds: 16 funding rounds are recorded in the selected participation categories.All available history.
BackingMinds: 16 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed14
Series A01
Other Equity63
Debt01

Monthly Deal Activity

BackingMinds: 16 deals are recorded across 74 months.All available history.
BackingMinds: 16 deals are recorded across 74 months. All available history
MonthDeals
Sep '201
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '242
Apr '240
May '240
Jun '240
Jul '240
Aug '241
Sep '240
Oct '240
Nov '242
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '261
Sep '261
Oct '260

Sector Breakdown

BackingMinds: Clean Energy & Sustainability is the largest displayed sector by deal count (11 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

BackingMinds: Clean Energy & Sustainability is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Clean Energy & Sustainability11
Enterprise Software3
Space & Frontier Tech3
Food & Agriculture3
Manufacturing2
AI & Machine Learning2
Cybersecurity & Privacy1
Data, Analytics & IT1
Transportation & Logistics1
Consumer & Lifestyle1
Networks, Cloud & Communication1
Marketing & Advertising1
Fintech1
Health & Life Sciences1

Deal Size Distribution

BackingMinds: 16 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

BackingMinds: 16 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M11
$5M-$10M2
$10M-$25M1
$25M-$50M0
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

BackingMinds: Europe has the largest recorded deal count among the displayed regions (14 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

BackingMinds: Europe has the largest recorded deal count among the displayed regions (14 deals). All available history
RegionDeals
Europe14
United States2
BackingMinds: 20 co-investors are shown, with Course Corrected sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

BackingMinds: 20 co-investors are shown, with Course Corrected sharing 2 recorded deals. All available history
Co-investorShared deals
Course Corrected2
Crowberry Capital2
2degrees1
BioGaia1
Breakthrough Energy Ventures1
DivisionM1
EIFO1
EIKON Capital1
Encevo Group1
EQT Foundation1
Fairpoint Capital1
Fashion for Good1
Gorilla Capital1
Icelandic Technology Development Fund1
Industrifonden1
Leitmotif1
Notion Capital1
Oberon Capital1
Polar Structure1
Sarsia1

Investment Strategy

BackingMinds: Led accounts for 44% and participating for 56% of round participation.All available history.
BackingMinds: Led accounts for 44% and participating for 56% of round participation. All available history
CategoryDeals (count)Share (%)
Led744%
Participating956%
BackingMinds: Single-lead accounts for 57% and co-led for 43% of lead dynamics.All available history.
BackingMinds: Single-lead accounts for 57% and co-led for 43% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead457%
Co-led343%

Team

Elsa Hyland

PA/Associate

Jasenko Hadzic

Principal

Lisen Oliw
Niklas Thörnestad

Partner / Advisor

Petter Edfeldt

Venture Partner / Advisor

Sara Resvik

CEO and Partner

Sara Wimmercranz

Founding Partner & CEO

Susanne Najafi

Founding Partner