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Balnord

www.balnord.vc

Balnord backs frontier and dual-use technology startups from the Baltic Sea Region (Nordics, Baltics, Poland, and Germany) that solve hard problems in critical industries including space, healthcare, industrial resilience, and other sectors essential to European technological autonomy and reindustrialization.

Check Size

$500K - $3M

Focus Areas

Space Tech, Healthtech, Ai Ml

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Investment Thesis

Balnord is a high-conviction early-stage investor that believes in providing founders with deep, long-term support beyond capital. They invest in fewer companies to invest more in each one, offering more time, capital, and resources. The firm emphasizes that ‘Great things frequently take time to take off. We think, act, and invest long term.’ As former entrepreneurs and operators, they focus on real company building rather than passive investment, providing hands-on support from pre-seed through exit and beyond.

What Sets Them Apart

  • Operator-investors with entrepreneurial DNA and proven track record - former founders with hands-on company-building experience
  • High conviction approach: invest in fewer companies with meaningful ticket sizes (€0.5-3M initial, up to €12M follow-on) rather than spreading capital thin
  • Active involvement from first investment and beyond with deep tech expertise across space, healthcare, and supply chain
  • Strategic access to Europe's key dual-use programs including NATO DIANA and Poland's IDA Bootcamp, providing founders direct pathways to buyers and pilots
  • Baltic Sea region focus combined with global co-investor network (leading frontier funds)
  • Founders board including exits like DocPlanner and Printful founders for mentorship
  • Team has been working together for nine years with proven track record delivering top-tier returns over 10 years across four early-stage specialist funds

Portfolio Highlights

Atmos Space Cargo

Space

VitVio

Healthcare

Satim

Ai Ml

Astrolight

Space

Port.app

Logistics

Microamp Solutions Inc.

Telecom

Avenue Biosciences

Biotech

Infinite Orbits

Space

+ 34 more companies in their portfolio

Investment Team

6 Partners at Balnord

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