BackingMinds

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.

Jasenko Hadzic

Principal

Past deals in Sweden

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.

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.

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.

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 is a Swedish company that operates a digital marketplace, facilitating the buying and selling of wood between suppliers and buyers.

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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