Reach, in every direction.

Swedish venture capital firm BackingMinds Invest AB raised more than €50 million ($56.1 million) in a first close of its third fund.

The grant will support Cemvision's first commercial-scale plant in Latvia, designed to produce up to 500,000 tonnes of near zero-carbon cement a year.

Transfer Galaxy, founded by the Vivalla trio Yosef Mohamed, Ali Mohamed and Khalid Qassim, has delivered a record year and is now distributing almost all of last year's profit back to its owners - a total of 25 million SEK.

Combify becomes part of the Nordic decision-making platform for real estate, with Placepoint as its new owner, continuing to build from Stockholm.

Tavion, a Swedish energy company focused on operating, owning, and developing battery parks across Europe, has raised SEK 76 million in pre-seed funding and unlocked up to SEK 500 million in debt financing.