BackingMinds

BackingMinds is a venture capital firm established in 2016 and based in Stockholm, Sweden. The firm focuses on investing in early-stage technology companies, with a particular emphasis on supporting underinvested entrepreneurs. By targeting these promising but overlooked businesses, BackingMinds aims to foster innovation and growth within the technology sector.

Jasenko Hadzic

Principal

Mattias Lundkvist

Investor

Niklas Tad

Partner

15 past transactions

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.

Serviceform

Seed Round in 2022
Serviceform is a conversational booking process for service businesses. They do this through a 3 step cycle, generate leads, qualify them, and use all activity as social proof to encourage new users to buy.

TrusTrace

Series A in 2021
Trustrace operates a Traceability as a Service platform designed to enhance supply chain transparency and sustainability. Founded in 2016 and headquartered in Stockholm, Sweden, with an additional location in Coimbatore, India, the company provides a suite of tools to support conscious consumerism and production. Its offerings include T-Tracem for product traceability from fiber to garment, T-CET for customer engagement to boost sales, I-CAT for managing environmental footprints, and T-VeM for comprehensive vendor management. Additionally, Trustrace features T-BlockS, a blockchain solution that fosters collaboration and trust, along with T-EMS, an evidence management tool. This cloud-based solution caters to clients with diverse supply chain complexities, enabling them to measure, monitor, and communicate essential product attributes, including quality and environmental and social impacts.

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 wide range of items including grooming products for mouth, teeth, fur, paws, eyes, and ears. Additionally, Denjo Dogs provides various functional and stylish products such as dog beds, blankets, collars, leashes, coats, scarves, and toys. With a focus on durability and design, Denjo Dogs aims to meet the diverse needs of pet owners by providing both fashionable and practical solutions for their dogs.

Equilab

Venture Round in 2020
Equilab is a developer of an equestrian management platform designed to assist riders in tracking their training activities and monitoring their horses' movements. Used by over 30,000 riders globally, the platform enables users to maintain detailed records of each horse, offering insights into exercise performance and facilitating appropriate follow-ups on their development. Through its mobile application, Equilab promotes sustainable training by providing tools for better control over exercises and enhancing the overall training experience for both riders and their horses.

Dynamic Code

Venture Round in 2020
Dynamic Code AB is a gene technology company based in Linköping, Sweden, founded in 2000. The company specializes in custom services and products for DNA analysis, including forensic DNA surveys for insurance companies, pharmacogenetic analysis, DNA paternity testing, and research and development in bioinformatics, molecular biology, and genetics. Dynamic Code focuses on translating the latest scientific advances in DNA technology into practical products that enhance well-being and health. Their product development prioritizes consumer needs, offering solutions such as home tests that provide quick and reliable results, often addressing gaps in traditional healthcare diagnostics. An example of their innovation is a home test for bacterial vaginosis, which delivers timely answers to users.

TrusTrace

Venture Round in 2019
Trustrace operates a Traceability as a Service platform designed to enhance supply chain transparency and sustainability. Founded in 2016 and headquartered in Stockholm, Sweden, with an additional location in Coimbatore, India, the company provides a suite of tools to support conscious consumerism and production. Its offerings include T-Tracem for product traceability from fiber to garment, T-CET for customer engagement to boost sales, I-CAT for managing environmental footprints, and T-VeM for comprehensive vendor management. Additionally, Trustrace features T-BlockS, a blockchain solution that fosters collaboration and trust, along with T-EMS, an evidence management tool. This cloud-based solution caters to clients with diverse supply chain complexities, enabling them to measure, monitor, and communicate essential product attributes, including quality and environmental and social impacts.

TrusTrace

Seed Round in 2019
Trustrace operates a Traceability as a Service platform designed to enhance supply chain transparency and sustainability. Founded in 2016 and headquartered in Stockholm, Sweden, with an additional location in Coimbatore, India, the company provides a suite of tools to support conscious consumerism and production. Its offerings include T-Tracem for product traceability from fiber to garment, T-CET for customer engagement to boost sales, I-CAT for managing environmental footprints, and T-VeM for comprehensive vendor management. Additionally, Trustrace features T-BlockS, a blockchain solution that fosters collaboration and trust, along with T-EMS, an evidence management tool. This cloud-based solution caters to clients with diverse supply chain complexities, enabling them to measure, monitor, and communicate essential product attributes, including quality and environmental and social impacts.

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 wide range of items including grooming products for mouth, teeth, fur, paws, eyes, and ears. Additionally, Denjo Dogs provides various functional and stylish products such as dog beds, blankets, collars, leashes, coats, scarves, and toys. With a focus on durability and design, Denjo Dogs aims to meet the diverse needs of pet owners by providing both fashionable and practical solutions for their dogs.

Dynamic Code

Venture Round in 2018
Dynamic Code AB is a gene technology company based in Linköping, Sweden, founded in 2000. The company specializes in custom services and products for DNA analysis, including forensic DNA surveys for insurance companies, pharmacogenetic analysis, DNA paternity testing, and research and development in bioinformatics, molecular biology, and genetics. Dynamic Code focuses on translating the latest scientific advances in DNA technology into practical products that enhance well-being and health. Their product development prioritizes consumer needs, offering solutions such as home tests that provide quick and reliable results, often addressing gaps in traditional healthcare diagnostics. An example of their innovation is a home test for bacterial vaginosis, which delivers timely answers to users.

Virkesbörsen

Venture Round in 2018
Nordiska Virkesbörsen AB is a Swedish company that has established a digital marketplace for timber trading. Founded in 2015 and headquartered in Stockholm, the company facilitates the buying and selling of wood, aiming to streamline the timber market in Sweden. Through its platform, Virkesbörsen connects buyers and sellers, enhancing transparency and efficiency in timber transactions.

TransferGalaxy

Venture Round in 2018
TransferGalaxy AB is a mobile money transfer service founded in 2014 and based in Örebro, Sweden. The company provides an instant, cash-free platform that allows users to send money to loved ones via smartphones, tablets, or computers. TransferGalaxy's application is designed to facilitate remittances in a cheaper, safer, and more efficient manner. Users can transfer money quickly and easily, with recipients receiving funds directly in their mobile wallets within seconds. This service aims to enhance the convenience and accessibility of financial transactions for individuals sending money across borders.

Dynamic Code

Venture Round in 2017
Dynamic Code AB is a gene technology company based in Linköping, Sweden, founded in 2000. The company specializes in custom services and products for DNA analysis, including forensic DNA surveys for insurance companies, pharmacogenetic analysis, DNA paternity testing, and research and development in bioinformatics, molecular biology, and genetics. Dynamic Code focuses on translating the latest scientific advances in DNA technology into practical products that enhance well-being and health. Their product development prioritizes consumer needs, offering solutions such as home tests that provide quick and reliable results, often addressing gaps in traditional healthcare diagnostics. An example of their innovation is a home test for bacterial vaginosis, which delivers timely answers to users.

TransferGalaxy

Venture Round in 2016
TransferGalaxy AB is a mobile money transfer service founded in 2014 and based in Örebro, Sweden. The company provides an instant, cash-free platform that allows users to send money to loved ones via smartphones, tablets, or computers. TransferGalaxy's application is designed to facilitate remittances in a cheaper, safer, and more efficient manner. Users can transfer money quickly and easily, with recipients receiving funds directly in their mobile wallets within seconds. This service aims to enhance the convenience and accessibility of financial transactions for individuals sending money across borders.
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