BackingMinds is a venture capital firm based in Stockholm, Sweden, founded in 2016 by Susanne Najafi and Sara Wimmercranz. The firm focuses on investing in early-stage technology companies led by entrepreneurs who operate outside of traditional, homogeneous networks often overlooked by conventional venture capital. BackingMinds seeks to support scalable, customer-centric businesses that demonstrate a proven revenue model. The firm's approach emphasizes more than just financial investment; it embodies a commitment to partnering with founders and fostering collaboration to drive success. Through its unique perspective, BackingMinds aims to create impactful returns by identifying and nurturing innovative ventures in underserved markets.
Serviceform is a company focused on providing digital solutions tailored for small and medium-sized enterprises (SMEs). Recognizing the need for underserved businesses to access the same digital tools as larger corporations, Serviceform aims to simplify complex technologies. Their product offerings include a range of tools such as chatbots, live chat options, pop-ups, lead generation bars, and customer relationship management (CRM) systems. Additionally, they provide web analytics and dynamic forms to enhance customer engagement. By integrating features like conversation encryption, A/B testing, and interactive buying experiences, Serviceform helps businesses optimize their digital presence, generate leads, and ultimately improve conversion rates.
NitroVolt
Seed Round in 2024
NitroVolt is focused on decarbonizing nitrogen-based fertilizer production and enhancing the resilience of the agricultural sector through an innovative synthesis process. The company addresses the environmental impact of traditional ammonia production, which contributes significantly to global greenhouse gas emissions. NitroVolt's solution enables farmers to generate their own nitrogen-based fertilizers directly at their locations using only air, water, and electricity. Their patented electrochemical Nitrolyzer unit allows for on-demand ammonia production, harnessing renewable energy sources and eliminating the need for transportation logistics. By offering a decentralized production method, NitroVolt aims to reduce the carbon footprint of fertilizer production and empower farmers to manage their fertilizer needs sustainably.
UniqKey
Venture Round in 2024
Uniqkey operates a security management platform focused on identity and access management for businesses. The platform automates employee logins, enhancing security while improving productivity by alleviating the burden of time-consuming authentication tasks. It provides a comprehensive overview of employee identities, rights, and access, along with detailed audit logs that track login attempts and sharing activities. This enables organizations to gain better control over their cybersecurity and network management. Uniqkey employs advanced encryption techniques to protect critical systems and company credentials, making it an effective tool against significant security threats. Its user-friendly interface is designed to simplify workflows for employees, while powerful integrations with existing infrastructures, such as Microsoft, streamline user onboarding and offboarding processes. Trusted by over 500 European businesses and recognized as a leading security solution, Uniqkey is rapidly becoming a preferred choice for password and access management in the region.
CemVision
Seed Round in 2024
CemVision is focused on developing innovative construction materials that aim to replace traditional cement in the concrete industry. The company utilizes recycled industrial waste instead of virgin limestone for its products, which not only simplifies the electrification of the manufacturing process but also significantly reduces carbon emissions. By offering a more economical and environmentally friendly alternative to conventional cement, CemVision seeks to address the shortcomings associated with traditional cement production while promoting sustainability in construction.
NitroVolt
Pre Seed Round in 2024
NitroVolt is focused on decarbonizing nitrogen-based fertilizer production and enhancing the resilience of the agricultural sector through an innovative synthesis process. The company addresses the environmental impact of traditional ammonia production, which contributes significantly to global greenhouse gas emissions. NitroVolt's solution enables farmers to generate their own nitrogen-based fertilizers directly at their locations using only air, water, and electricity. Their patented electrochemical Nitrolyzer unit allows for on-demand ammonia production, harnessing renewable energy sources and eliminating the need for transportation logistics. By offering a decentralized production method, NitroVolt aims to reduce the carbon footprint of fertilizer production and empower farmers to manage their fertilizer needs sustainably.
Mylla
Seed Round in 2023
Mylla is a digital marketplace for buying and selling food from farm to table.
SNERPA Power
Seed Round in 2023
SNERPA Power develops intelligent energy services.
Combify
Seed Round in 2022
Combify is a PropTech company focused on enhancing communication in city development projects. It operates a building information platform that aggregates data from various online sources to streamline access for users. The platform includes project and organizational profiles, a dashboard view, and maps that provide detailed information about ongoing construction projects in Sweden. This allows users to receive continuous updates and effectively track relevant data related to urban development.
CemVision
Venture Round in 2022
CemVision is focused on developing innovative construction materials that aim to replace traditional cement in the concrete industry. The company utilizes recycled industrial waste instead of virgin limestone for its products, which not only simplifies the electrification of the manufacturing process but also significantly reduces carbon emissions. By offering a more economical and environmentally friendly alternative to conventional cement, CemVision seeks to address the shortcomings associated with traditional cement production while promoting sustainability in construction.
Lingio
Venture Round in 2022
Lingio AB is a Stockholm-based company that develops an application aimed at teaching the Swedish language. It provides vocational language courses tailored to various sectors, including cleaning, catering, hospitality, construction, transportation, IT, real estate, healthcare, and plumbing. Lingio's platform leverages AI technology to offer interactive digital language courses, enhancing communication and engagement within organizations. By incorporating gaming principles into its design, Lingio strives to make the language learning process enjoyable and effective, particularly for immigrant employees seeking to overcome communication barriers.
Skrym
Pre Seed Round in 2022
Skrym specializes in an algorithmic optimization system designed to enhance logistics efficiency in e-commerce. The company develops an application programming interface that automates real-time package selection and generates optimal package sizes based on actual orders and transporter fees. By minimizing excess air in packaging, Skrym's platform not only improves logistical operations but also promotes sustainable packaging practices. Additionally, the system incorporates emissions tracking, allowing e-commerce businesses to monitor their environmental impact while optimizing their packaging solutions.
Serviceform
Seed Round in 2022
Serviceform is a company focused on providing digital solutions tailored for small and medium-sized enterprises (SMEs). Recognizing the need for underserved businesses to access the same digital tools as larger corporations, Serviceform aims to simplify complex technologies. Their product offerings include a range of tools such as chatbots, live chat options, pop-ups, lead generation bars, and customer relationship management (CRM) systems. Additionally, they provide web analytics and dynamic forms to enhance customer engagement. By integrating features like conversation encryption, A/B testing, and interactive buying experiences, Serviceform helps businesses optimize their digital presence, generate leads, and ultimately improve conversion rates.
TrusTrace
Series A in 2021
TrusTrace operates a traceability as a service platform designed to enhance transparency and compliance in the fashion supply chain. Founded in 2016 and based in Stockholm, Sweden, with an additional location in Coimbatore, India, the company offers a suite of tools to support product traceability and environmental management. Its primary offerings include T-Tracem, which tracks products from fiber to garment; T-CET, a customer engagement tool; I-CAT, which helps manage the environmental footprint; T-VeM for vendor management; T-BlockS, a blockchain solution for enhanced traceability and collaboration; and T-EMS, an evidence management tool. TrusTrace's technology enables global brands and suppliers to standardize the collection, digitization, and sharing of reliable supply chain data, allowing them to substantiate product claims and ensure regulatory compliance effectively.
Brain Stimulation
Seed Round in 2021
Brain Stimulation AB is a Swedish small and medium-sized enterprise established in 2011, focusing on the assessment and rehabilitation of patients recovering from strokes and traumatic brain injuries. The company utilizes advancements in brain plasticity research to offer innovative rehabilitation solutions, particularly for cognitive impairments and attention disabilities, such as Spatial Neglect. By addressing the global need for effective rehabilitation in conditions like stroke, dementia, traumatic brain injuries, and Parkinson's disease, Brain Stimulation employs a concept known as Enriched Rehabilitation. Their approach combines precision diagnostics with individualized care technology, facilitating effective neurological rehabilitation that can be accessed remotely. This method aims to create a motivating rehabilitation environment that leads to proven and lasting improvements in patients' cognitive and motor functions, ultimately enhancing their recovery process.
Denjo Dogs
Seed Round in 2021
Denjo Dogs AB is an e-commerce company based in Stockholm, Sweden, specializing in premium pet products for dogs. Founded in 2016, the company offers a diverse range of items designed for various aspects of dog care, including grooming, nutrition, and comfort. Their product lineup features bowls, dental sticks, toys, beds, blankets, collars, leashes, coats, and scarves, all emphasizing functionality, durability, and stylish design. Denjo Dogs aims to provide pet owners with fashionable and practical solutions to enhance the well-being of their dogs.
Equilab
Venture Round in 2020
Equilab aims to monitor horses’ movements during rides and help riders train their horses effectively. It can be used, not just for professional or serious riders, but for the novice who is just starting out in the sport. Equilab is used by more than 30 000 riders worldwide. Launched in September 2016 and was co-founded by Per Eriksson ,Adam Torkelsson, and Therese von Hackwitz.
Boneprox
Pre Seed Round in 2020
Boneprox AB is a Swedish company founded in 2013, based in Gothenburg, specializing in dental healthcare software. The company offers a range of tools designed to enhance the efficiency of dental practices and improve patient care. Its flagship product, Boneprox, analyzes bone quality and assesses the risk of osteoporosis. Additionally, ReferralExpress facilitates quick communication by allowing clinics to send and receive referrals to specialists efficiently. Another product, CBCT-Supervision, streamlines the cone beam computed tomography (CBCT) process within clinics. By leveraging advanced dental imaging and digital dentistry, Boneprox enables healthcare providers to securely exchange, analyze, and diagnose patient images, ultimately aiming to improve the accessibility of specialist care in various areas of dentistry.
Dynamic Code
Venture Round in 2020
Dynamic Code AB is a Swedish gene technology company specializing in custom services and products for DNA analysis. Founded in 2000 and based in Linköping, the company conducts forensic DNA surveys for insurance firms and focuses on pharmacogenetic analysis, DNA paternity testing, and the research and development of DNA-related technologies. Dynamic Code excels in translating the latest scientific advances in DNA technology and molecular biology into practical applications for consumers, healthcare providers, and municipalities. The company aims to address health-related needs through accessible home testing products, which provide quick and reliable answers, often filling gaps left by traditional healthcare diagnostics. Its offerings include health tests for individuals, environmental testing, and analyses related to paternity and animal lineage, all designed to enhance well-being and facilitate health management.
TrusTrace
Seed Round in 2019
TrusTrace operates a traceability as a service platform designed to enhance transparency and compliance in the fashion supply chain. Founded in 2016 and based in Stockholm, Sweden, with an additional location in Coimbatore, India, the company offers a suite of tools to support product traceability and environmental management. Its primary offerings include T-Tracem, which tracks products from fiber to garment; T-CET, a customer engagement tool; I-CAT, which helps manage the environmental footprint; T-VeM for vendor management; T-BlockS, a blockchain solution for enhanced traceability and collaboration; and T-EMS, an evidence management tool. TrusTrace's technology enables global brands and suppliers to standardize the collection, digitization, and sharing of reliable supply chain data, allowing them to substantiate product claims and ensure regulatory compliance effectively.
Denjo Dogs
Seed Round in 2018
Denjo Dogs AB is an e-commerce company based in Stockholm, Sweden, specializing in premium pet products for dogs. Founded in 2016, the company offers a diverse range of items designed for various aspects of dog care, including grooming, nutrition, and comfort. Their product lineup features bowls, dental sticks, toys, beds, blankets, collars, leashes, coats, and scarves, all emphasizing functionality, durability, and stylish design. Denjo Dogs aims to provide pet owners with fashionable and practical solutions to enhance the well-being of their dogs.
Dynamic Code
Venture Round in 2018
Dynamic Code AB is a Swedish gene technology company specializing in custom services and products for DNA analysis. Founded in 2000 and based in Linköping, the company conducts forensic DNA surveys for insurance firms and focuses on pharmacogenetic analysis, DNA paternity testing, and the research and development of DNA-related technologies. Dynamic Code excels in translating the latest scientific advances in DNA technology and molecular biology into practical applications for consumers, healthcare providers, and municipalities. The company aims to address health-related needs through accessible home testing products, which provide quick and reliable answers, often filling gaps left by traditional healthcare diagnostics. Its offerings include health tests for individuals, environmental testing, and analyses related to paternity and animal lineage, all designed to enhance well-being and facilitate health management.
Virkesbörsen
Venture Round in 2018
Virkesbörsen has developed a digital marketplace for buying and selling wood in Sweden.
TransferGalaxy
Venture Round in 2018
TransferGalaxy AB is a mobile money transfer service based in Örebro, Sweden, founded in 2014. The company specializes in providing instant and cash-free online money transfers, allowing users to send money conveniently through smartphones, tablets, or computers. TransferGalaxy focuses on facilitating remittances and peer-to-peer transactions, leveraging technology to streamline the transfer process for its customers.
Dynamic Code
Venture Round in 2017
Dynamic Code AB is a Swedish gene technology company specializing in custom services and products for DNA analysis. Founded in 2000 and based in Linköping, the company conducts forensic DNA surveys for insurance firms and focuses on pharmacogenetic analysis, DNA paternity testing, and the research and development of DNA-related technologies. Dynamic Code excels in translating the latest scientific advances in DNA technology and molecular biology into practical applications for consumers, healthcare providers, and municipalities. The company aims to address health-related needs through accessible home testing products, which provide quick and reliable answers, often filling gaps left by traditional healthcare diagnostics. Its offerings include health tests for individuals, environmental testing, and analyses related to paternity and animal lineage, all designed to enhance well-being and facilitate health management.
TransferGalaxy
Venture Round in 2016
TransferGalaxy AB is a mobile money transfer service based in Örebro, Sweden, founded in 2014. The company specializes in providing instant and cash-free online money transfers, allowing users to send money conveniently through smartphones, tablets, or computers. TransferGalaxy focuses on facilitating remittances and peer-to-peer transactions, leveraging technology to streamline the transfer process for its customers.
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