Key Takeaways
- • Swedish venture capital firm BackingMinds Invest AB raised more than €50 million ($56.1 million) in a first close of its third fund, according to Bloomberg.
- • Minecraft and King founders are among the new investors backing the fund, adding two high-profile gaming entrepreneurs to the LP base.
- • The third fund plans to target 15 to 20 companies in artificial intelligence, climate and "resilience."
- • Co-founders Sara Wimmercranz and Susanne Najafi outlined the fund's strategy in an interview with Bloomberg.
Summary
Swedish venture capital firm BackingMinds Invest AB has raised more than €50 million ($56.1 million) in a first close of its third fund, Bloomberg reported. The close adds two high-profile gaming entrepreneurs, including founders associated with Minecraft and King, as new investors in the vehicle.
According to co-founders Sara Wimmercranz and Susanne Najafi, speaking in an interview with Bloomberg, the new fund will target 15 to 20 companies. The portfolio focus spans artificial intelligence, climate and what the founders describe as "resilience."
The source article does not disclose a final fund size or target close date. The first close indicates the fund is still in its fundraising phase, with additional capital expected from further closings. The participation of gaming founders signals continued interest from operators in the Nordic technology ecosystem in backing early-stage venture managers.
According to co-founders Sara Wimmercranz and Susanne Najafi, speaking in an interview with Bloomberg, the new fund will target 15 to 20 companies. The portfolio focus spans artificial intelligence, climate and what the founders describe as "resilience."
The source article does not disclose a final fund size or target close date. The first close indicates the fund is still in its fundraising phase, with additional capital expected from further closings. The participation of gaming founders signals continued interest from operators in the Nordic technology ecosystem in backing early-stage venture managers.
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