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EIF commits €20M to BackingMinds Invest III

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The European Investment Fund committed about €20 million to Swedish VC firm BackingMinds for its BackingMinds Invest III fund, becoming the fund's first institutional investor. The EIF, part of the European Investment Bank Group, is backing the fund through the EU's InvestEU program. The fund will invest in early-stage companies mainly in Sweden and the Nordic region, targeting founders outside established venture capital networks. According to the EIF, its commitment is meant to help BackingMinds Invest III attract other institutional investors.

AI-generated from reports · 2 hours agoUpdate

Latest updatesOct 20 19:48
EIF Commits €20M to Swedish VC BackingMinds for Underrepresented Founders

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Oct 20
  1. EU-Startups
    EIF Commits €20M to Swedish VC BackingMinds for Underrepresented Founders

    The European Investment Fund has committed around €20 million to Swedish VC firm BackingMinds for its BackingMinds Invest III fund.

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