Backing Minds — startup-kg

any Europe (Nordics emphasized) 1 portfolio companies €50 M AUM 2 sources

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Overview

Backing Minds is a venture capital firm that identifies and backs high-performing founders outside traditional VC networks, focusing on backing blind spots.

early-stage tech companiesunderrepresented founders

Classification

Headquarters: Stockholm, Sweden
Geographic focus: Europe (Nordics emphasized)
Stage: any
Current fund: second fund
Portfolio: 1 companies

Fund details

Fund size: €50 M
AUM: €50 M
Check size: €250 k – €5 M
Pace: 15-20 seed deals
Vintage: 2022
Founded: 2016

Limited partners Martin Lorentzon (Spotify), H&M family, Supercell CEO

Thesis & focus

Value-add platform

mindset support, operational backing beyond capital

Notable exits

Toca Boca (acquired by Spin Master)

Portfolio focus

Pre‑seed & seed tech startups; SaaS, Health & Wellness, FinTech, Developer Tools, E‑Commerce, sustainability‑tech

Culture & mission

We are an experienced team of entrepreneurs, operators, and investors. Backing is a mindset, a desire to roll up your sleeves.

Investment thesis

We look where others don't, finding and backing high-performing founders outside the networks of traditional venture capital. We focus on backing blind spots and supporting founders through a mindset-oriented approach rather than just providing financial capital.