October 14, 2025
Helios Innovations is pleased to announce that BackingMinds has invested SEK 14.2 million in the company, marking a significant milestone in our growth journey.
Helios has achieved 170% revenue growth, from SEK 3 million to SEK 8 million, and continues to expand rapidly. CEO Jonatan Persson built the first treatment machine at the age of 17, and the company has since grown to serve some of the Nordics' largest pharmaceutical manufacturers and industrial companies.
Today, Helios handles 70% of all firefighting foam and fire water in Sweden at Europe's first commercial facility for concentrating high-contamination PFAS flows.
Lisen Oliw, Investment Partner at BackingMinds, commented: "Helios Innovations represents exactly the kind of company we look for — a proven technology, a clear commercial trajectory, and a team with the ambition and ability to scale internationally. We are excited to support their next phase of growth."
With this investment, Helios will accelerate its expansion into Norway, Denmark, and the rest of Europe.
Helios Innovations develops and operates industrial water treatment solutions based on low-temperature evaporation technology. The company treats some of the most challenging wastewater streams in industry, including PFAS-contaminated water, process water, and liquid hazardous waste. Headquartered in Halmstad, Sweden.
BackingMinds is a Swedish venture capital firm that invests in early-stage companies with strong teams and scalable business models. The firm focuses on companies driving meaningful impact across sustainability, health, and technology.
