What investment strategy does BackingMinds focus on?

BackingMinds focuses on VC strategies in the private equity space.

How many portfolio companies does BackingMinds have?

BackingMinds has 20 active portfolio companies and 2 completed exits and 2 funds tracked on GP Intel.

Where is BackingMinds headquartered?

BackingMinds is headquartered in Stockholm, Sweden.

When was BackingMinds founded?

BackingMinds was founded in 2016.

What sectors does BackingMinds invest in?

BackingMinds invests across Software, Consumer, Healthcare, Energy, Financials, Industrials.

What are BackingMinds's recent exits?

Recent realized exits by BackingMinds include: Combify (2026) to Placepoint; Bricknode (2023) to Huddlestock.

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BackingMinds

Stockholm, Sweden·Founded 2016·

Venture Capital

·backingminds.com

BackingMinds is a Stockholm-based early-stage venture capital firm founded in 2016 by Susanne Najafi and Sara Wimmercranz that backs high-potential, often overlooked founders across sectors outside traditional VC networks.

AUM

–

Funds

vintages 2016–2022

Portfolio

Exits

BackingMinds is a Stockholm venture capital firm with 20 active companies and 2 exits.

SectorsSoftware Consumer Healthcare Energy Financials Industrials

Sector breakdown

22 companies

ClimateTech

4 · 18%

Fintech

3 · 14%

TMT

2 · 9%

EdTech

2 · 9%

SaaS

2 · 9%

Hospitality

1 · 5%

FoodTech

1 · 5%

Logistics

1 · 5%

Geography breakdown

3 geographies

Sweden

19 · 86%

Denmark

2 · 9%

Finland

1 · 5%

Key facts

HQStockholm, Sweden

Founded2016

Websitebackingminds.com

Recent exits

BackingMinds sold Combify to Placepoint in 2026 after 5 years.

BackingMinds sold Bricknode to Huddlestock in 2023 after 3 years.

Partners

Susanne NajafiFounding Partner

Coverage notes

2 funds tracked, 22 portfolio companies (20 active · 2 realized). Verified weekly from public filings and deal announcements.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Susanne Najafi

Founding Partner

Funds & portfolio

Every fund BackingMinds has raised, with its portfolio companies. Hand-checked from public filings.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

BackingMinds Fund II

VC2022€50M14 assets

2022 · 4yr

€50M

–

Unrealized

14 held

Company	Entry
Campcation Hospitality · Sweden	2023
Cemvision ClimateTech · Sweden	2024
Cetasol ClimateTech · Sweden	2025
Helios Fintech · Sweden	2025
Hybird TMT · Sweden	2025
Lingio EdTech · Sweden	2022
Mylla FoodTech · Sweden	2023
Nitrovolt ClimateTech · Denmark	2024
Serviceform SaaS · Finland	2022
Skrym Logistics · Sweden	2022
Snerpa Power Energy · Sweden	2023
Tavion ClimateTech · Sweden	2026
TechArena TMT · Sweden	2025
Uniqkey Cybersecurity · Denmark	2024

BackingMinds Fund IHarvesting

VC20166 assets2 exits

2016 · 10yr

–

Unrealized

6 held

Company	Entry
Boneprox HealthTech · Sweden	2020
Denjo Consumer · Sweden	2018
Equilab EdTech · Sweden	2020
Transfer Galaxy Fintech · Sweden	2016
Trustrace SaaS · Sweden	2021
Virkesborsen AgTech · Sweden	2018

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Bricknode Fintech · Sweden	2020	2023	Trade Sale	Huddlestock	–
Combify PropTech · Sweden	2021	2026	Trade Sale	Placepoint	–

Frequently asked questions

What investment strategy does BackingMinds focus on?: BackingMinds focuses on VC strategies in the private equity space.
How many portfolio companies does BackingMinds have?: BackingMinds has 20 active portfolio companies and 2 completed exits and 2 funds tracked on GP Intel.
Where is BackingMinds headquartered?: BackingMinds is headquartered in Stockholm, Sweden.
When was BackingMinds founded?: BackingMinds was founded in 2016.
What sectors does BackingMinds invest in?: BackingMinds invests across Software, Consumer, Healthcare, Energy, Financials, Industrials.
What are BackingMinds's recent exits?: Recent realized exits by BackingMinds include: Combify (2026) to Placepoint; Bricknode (2023) to Huddlestock.