EIF commits €20 million to BackingMinds fund for overlooked Nordic founders
Startup Researcher · 2026-10-20
The European Investment Fund committed SEK 220 million (about €20 million) to BackingMinds Invest III via InvestEU's Social Impact Equity product, becoming its first institutional investor. The fund backs early-stage founders mainstream VC overlooks; across its first two funds' 23 companies, 46% had a female founder and 71% were outside a capital city.
Vocabulary
Read source ↗- first institutional investorthe first large institution to commit to a fund
- early-stage companiesyoung startups at seed or Series A stage
- catalyzing private capitalusing public money to draw in private investors