BackingMinds amasses €49.5M for its second fund

Stockholm-based VC investor BackingMinds has secured 500 million Swedish kronor (around €49.5 million) for its second fund, the Financial Times reported. The firm focuses on early-stage investments in startups that are typically overlooked, such as those founded by women and immigrants. BackingMinds' portfolio includes fintech startup TransferGalaxy and digital diagnostics company Dynamic Code.