Balnord Sp. z o.o.
Venture capitalLuxembourg · Pre-Seed–Seed · 14 people tracked
Investment thesis
Balnord focuses on frontier and dual-use innovation across Europe, concentrating its capital in a small number of companies to invest more deeply in each. It leads or co-leads pre-seed and seed rounds with meaningful tickets (€0.5-3M) and can invest up to €12M per company to sustain backing over time. The team consists of ex-founders with hands-on company-building experience and prior fund management, bringing deep expertise in space, healthcare, and supply chain. Balnord is active in Europe's dual-use programs such as NATO DIANA and Poland's IDA Bootcamp, offering founders access to buyers, pilots, and policy networks, and co-invests alongside leading frontier funds.
Source: firm website, verified Aug 3, 2026.
Team · 14 people
from the firm's website & curated
What they invest in
from 43 of 47 portfolio companiesSaaS ×20AI & Machine Learning ×18Enterprise Software ×15Deep Tech ×9Fintech ×7Logistics & Supply Chain ×7Data & Infrastructure ×5Future of Work ×5
HQs:Poland×8United States×7Lithuania×3Estonia×2Finland×2United Kingdom×2
Who they back
founder profiles across 15 portfolio companiesFounding team size:solo founder×72 founders×53 founders×14+ founders×2
Where their founders studiedfrom 11 founders with education data
The Silesian University of Technology ×2University of Oxford ×2
Accelerator rootsportfolio companies that came through a program
Investments · 47 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 32024 · 22021 · 12015 · 110 dated
Altalogy is a design and branding agency that captures and communicates the value of early-stage companies through website design, product interfaces, brand identity, and pitch deck design.
Creator Economy
Dawid Cedrych(Founder)inJakub Klimek(Founder)in
Co-investorsGround Up VenturesPerceptive Ventures Management Company, Llc
Astrolight develops laser communication technology for space and defense, including space-to-Earth and space-to-space optical terminals, optical ground stations, and an unjammable radio-silent data link for naval applications.
Deep TechDefense TechSpace Tech
Co-investorsSeraphim SpaceCoinvest Capital
ATMOS Space Cargo develops and operates reusable spacecraft and return systems for space logistics, offering controlled access to low Earth orbit and recovery capabilities.
Deep TechHardwareLogistics & Supply ChainSpace TechStrasbourg, DE
Sebastian Klaus(Co-Founder)inMarta Oliveira(Co-Founder, Chief Operations Officer)inJeffrey Hendrikse(Co-Founder, Chief Technical Officer)inChristian Grimm(Co-Founder, Chief Engineering Officer)in
Co-investorsAmadeus Capital Partnersanother.vcAPEX VenturesE2MC VenturesExpansion VenturesFaber+5 more
Developing the PHOENIX return vehicle for space cargo missions.
Co-investorsE2MC VenturesFaber Capital SCR SA
Autenti provides an electronic signature platform for businesses to sign legally binding documents online, enabling entrepreneurs to reduce paperwork and administrative overhead.
CybersecurityEnterprise SoftwareFintechLegalTechSaaSWarsaw, PL
Grzegorz Wójcik(CEO)Tomasz Plata(CMO)Bartosz Wojciechowski(CLO)in
Co-investorsElevator VenturesTDJ Pitango Ventures
Commercializing a high-throughput signal peptide engineering platform that boosts protein expression yields across biologics, enabling new therapeutic targets.
Avenue Biosciences develops machine learning-enabled chemistry and software to accelerate the discovery and manufacturing of protein biologics for the biotechnology and therapeutics industry.
AI & Machine LearningBiotechDeep TechHelsinki, FI
Ville Paavilainen(Co-founder & Research Director)Alastalo(MD, PhD)Rosti(PhD, eMBA)
Co-investorsInventureVoima Ventures
Cargo Robotics converts delivery vehicles into automated mobile warehouses using robotics and vehicle-integrated automation to enable curb-side delivery, returns, and micro-commerce.
HardwareLogistics & Supply ChainRobotics
Co-investorsAlleyCorpAlley Robotics VenturesExpansion Venture Capital
Deep-Image.ai provides an API for composing multiple image operations—including upscaling, denoising, background removal, and generation—into single automated workflows for e-commerce, real estate, and marketplace use cases.
AI & Machine LearningE-commerceEnterprise SoftwareSaaS
eAgronom builds farm management software that helps farmers monitor and verify sustainable practices, generate carbon credits, improve agricultural efficiency, and access financing.
AgTechClimate TechSaaSTallinn, EE
Kristjan Luha(Co-founder)in
Co-investorsSoulmates VenturesSpecialist VCYolo InvestmentsZGI-4SuperAngelTrind Ventures
Enso is an AI-first data preparation and blending platform that enables data teams to ingest, clean, transform, and analyze structured and unstructured data across multiple sources including databases, files, and APIs.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSKraków, PL
Sylwia Brodacka(Founder)in
Co-investorsY CombinatorKhosla VenturesNFXSignalFire
Fluent BE is an online English language learning platform that connects students with certified tutors from around the world for live lessons via video, combined with AI-powered learning tools including grammar checking, translation, and vocabulary building.
AI & Machine LearningEdTechSaaS
Co-investorsbValue Venture Capital
GoCardless provides bank payment collection and open banking data access services.
FintechLondon, GB
Hiroki Takeuchi(Founder/CEO)inTom Blomfield(Co-founder)in
Co-investorsAccelBalderton CapitalChange VenturesNotion CapitalNycaNyca Partners+5 more
HeavyFinance operates a crowdfunding platform where investors fund agricultural loans to farmers, starting from €100 per loan, and earn returns as farmers repay.
AgTechClimate TechFintech
Co-investorsbValue Venture Capital
IamIP provides a patent intelligence platform that helps C-level executives and management teams monitor competitors, analyze patent trends, and make strategic decisions about innovation, product development, and market expansion.
AI & Machine LearningData & InfrastructureEnterprise SoftwareLegalTechSaaS
Co-investorsSenovo
Infinite provides APIs and SDKs for businesses to integrate stablecoin payment capabilities, enabling fast, low-cost global settlement without cryptocurrency complexity.
Crypto & Web3Developer ToolsEnterprise SoftwareFintechSan Francisco, US
Nikhil Srinivasan(Cofounder & CEO)inRaj Lad(Cofounder & CTO)in
Co-investorsY Combinator468 CapitalEuropean Innovation Council FundGSR VenturesLGVPMatterwave Ventures+3 more
Infinite Orbits is a NewSpace company providing in-orbit satellite services for geostationary operators, including asset inspection, satellite life extension, and end-of-life management.
AI & Machine LearningDeep TechRoboticsSpace Tech
Adel Haddoud(CEO & Co-Founder)inAkshay Gulati(CTO & Co-Founder)inManos Koumantakis(Chief Scientist Officer & Co-Founder)Marion Andrieux(Chief Commercial Officer)inAgathe Tschiember(Chief People Officer)inMichel Poucet(General Manager Luxembourg)in
Co-investorsMatterwave VenturesNewfund CapitalWind VentureEuropean Innovation Council Fund
infoShare Academy provides intensive IT and AI bootcamps and training courses, such as Data Engineer, Data Science, Python/Django, and DevOps, with mentor support.
AI & Machine LearningEdTech
Insly provides software solutions for managing general agents (MGAs) and insurers to optimize insurance operations at scale.
AI & Machine LearningEnterprise SoftwareInsurTechSaaS
Risto Rossar(CEO)
Co-investorsSalica InvestmentsConcentricTrind VenturesUNIQA Ventures GmbH
Co-investorsChange VenturesInventureSpecialist VCSuperAngel
Ondato is a technology company providing KYC (Know Your Customer) and AML compliance tools for businesses, covering the full compliance lifecycle from client onboarding to ongoing client monitoring.
CybersecurityFintechSaaSVilnius, LT
Liudas(Co-founder)inAndrej(Co-founder)
Co-investorsFirstpickOTB VenturesSmart Partnership CapitalStartup Wise Guys
Port rents electric bikes to delivery workers in London through a network of charging and parking hubs.
Logistics & Supply ChainMobility & TransportationLondon, GB
Co-investorsBADideas.fundbValue Venture CapitalFf Venture CapitalMontis CapitalMontis VCAccel+3 more
Prosoma is a global medical company that develops digital health solutions for oncology patients, focusing on mental and behavioral health support to address cancer-related stress, anxiety, and depression.
Digital HealthHealthtechMedical DevicesMental Health
Marek(Founder)
Co-investorsAligo Venture CapitalVerge HealthTech Fund
Construction TechDallas, US
Robert Cannon(Executive Officer)Boone Nerren(Executive Officer)
Co-investorsFORWARD.one
Sapient Industries provides advanced energy submetering and monitoring systems for commercial and residential properties, helping facility managers track energy consumption, reduce costs, and achieve decarbonization goals.
EnergyEnterprise SoftwareIoTPhiladelphia, US
Martin Koch(CEO, President, Secretary and Treasurer, Director.)
BoardNirmal Roy(Director)Samuel Parks(Director)Paul-Marie Brisson(Director)
Co-investorsSfventures Group LLCTech Square VenturesThird SphereFORWARD.one
Sapient Perception is a physical AI company building a perception layer that combines ultra-high-resolution sensing with intelligent edge processing, using its IGNITE framework to turn sensor data into real-time actionable intelligence.
AI & Machine LearningDeep TechDefense TechRobotics
Anthony Garetto(Chief Executive Officer)inLau Nørgaard(Chief Technology Officer)inMichael Messerschmidt(Chief Business Officer)in
Satim provides AI-powered detection, classification, and identification of vessels, vehicles, and aircraft from synthetic aperture radar (SAR) data collected by satellites and unmanned aerial vehicles.
AI & Machine LearningDeep TechDefense TechEnergyInsurTechKraków, PL
Co-investorsKluz VenturesOPAMP CAPITALTechstarsCultivation Capital
Simpl.rent provides rental risk-reduction and insurance products for the Polish rental market, including tenant screening and rent guarantee insurance used by property owners and professional rental (PRS) firms.
FintechInsurTechPropTechSan Francisco, US
NITYANAND SHARMA(Executive Officer, Director)RUSSELL BYRNE(Executive Officer, Director)NITIN PARAKH(Executive Officer)NICK ADVANI(Director)
BoardJESSEY BEYROUTEY(Director)
Co-investorsKogito Ventures
Skycore Semiconductors designs switched-capacitor power converter technology, with the Skycore 300 W evaluation kit demonstrating high-efficiency DC-DC conversion for applications requiring compact design and power density.
AI & Machine LearningDeep TechEnergyHardwareSemiconductorsCopenhagen, DK
Co-investorsMorph CapitalFirst MomentumMätch VC
Denmark-based fabless semiconductor company developing Power IC solutions for next-generation AI data centers and 800V HVDC architectures.
Co-investorsMätch VC
Etteplan is a technology service company that helps industrial businesses improve operational efficiency, sustainability, and productivity through expertise, solutions, and managed services.
Advanced ManufacturingAI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS
A vehicle safety and compliance monitoring solution that tracks vehicle movement, speed regulation, and adherence to operational zones to enhance workplace safety and reduce accident risks.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareIoTLogistics & Supply ChainSaaS
Co-investorsKogito VenturesMomenta VenturesOktogon Ventures
Swotzy is a multi-carrier shipping platform that aggregates shipments from e-commerce sellers to negotiate better rates and simplify shipment management from checkout to delivery.
E-commerceLogistics & Supply ChainSaaS
Co-investorsBADideas.fundFirstpick
Tapline provides funding qualification and reporting services for companies.
Enterprise SoftwareFintechSaaS
Co-investorsDEPO VenturesImpetus CapitalAntler
Tidaro provides software for managing workplace resources, including desk booking, parking spot allocation, and meeting room coordination to help organizations optimize office space and reduce operational costs.
Enterprise SoftwareFuture of WorkPropTechSaaSKoszalin, PL
Maciej Lukas(Co-founder & CEO)Marcin Musioł(Co-founder & COO)Ryszard Tarajkowski(Co-founder & CTO)Dariusz Sęk(Co-founder & CMDO)in
Traxlo operates tasku.app, a pay-per-task labor platform that matches local gig workers to standardized tasks such as shelf replenishment and warehouse work for grocery chains, retailers, and FMCG brands.
B2B MarketplacesFuture of WorkLogistics & Supply ChainRetail TechVilnius, LT
Paulius VėželisAlmantas Zemblys(Founder)inPaul V.in
Co-investorsAntlerIron Wolf CapitalBADideas.fundDEPO VenturesCoinvest Capital
VitVio builds Vetro, a surgical operations platform that uses 3D spatial intelligence and ambient sensing to track perioperative workflows in real time, automatically generate operative notes, identify surgical trays, and write data back to hospital EHR systems like Epic and Cerner.
AI & Machine LearningHealthtechMedical DevicesWilmington, US
Aleks Pajewski(Founder)inKendall Clifton Weisel(Executive Officer, Director)Maksymilian Jerzy Kozarzewski(Executive Officer, Director)
BoardEvan Nisselson(Director)in
Co-investorsLDV Capital
Wonderway provides onboarding and ramp programs for sales teams, with templated training content from industry trainers, skills assessments, CRM integration, and performance tracking to accelerate new hire productivity.
EdTechFuture of WorkSaaSSales Tech
Wordware is an AI context lab that has developed Sauna, an intelligent workspace assistant designed to learn user preferences, detect patterns, and automate routine tasks to enhance deep work productivity.
AI & Machine LearningConsumerData & InfrastructureDeveloper ToolsEnterprise SoftwareFuture of WorkSaaSSan Francisco, US
Filip Kozera(Founder)inRobert Chandler(Founder)in
Co-investorsDay One VenturesFelicis VenturesFirestreak VenturesJ4 VenturesY CombinatorSpark Capital
Xopero provides data protection and backup solutions for software, hardware, and environments to minimize data loss and ensure business continuity across DevOps and enterprise infrastructure.
Cloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareSaaSWarsaw, PL
Co-investorsWarsaw Equity Group
Exits · 1
IPOs and acquisitions across the tracked portfolioSkyriseacq. by Etteplan
Portfolio news
latest coverage across their companiesPort · peninsuladailynews.com · Aug 27, 2026
Sapient Industries +More · marketingdive.com · Jul 16, 2026
Infinite · restaurantdive.com · Jul 16, 2026
GoCardless · startups.rip · Jul 15, 2026
Cargo · ainonline.com · Jun 22, 2026
Astrolight · datacenterdynamics.com · Jun 8, 2026
Enso · invezz.com · May 30, 2026
ATMOS · payloadspace.com · Apr 22, 2026
Frequently asked questions
- How many investments has Balnord Sp. z o.o. made?
- Balnord Sp. z o.o. has 43 tracked investments, 1 of which have exited via acquisition or IPO, including 4 dated in the last 24 months.
- What stage does Balnord Sp. z o.o. invest at?
- Balnord Sp. z o.o. invests at the Pre-Seed, Seed stages.
- What is Balnord Sp. z o.o.'s typical check size?
- Balnord Sp. z o.o. typically writes checks of $550K – $3.3M.
- What sectors does Balnord Sp. z o.o. focus on?
- Balnord Sp. z o.o. focuses on AI & Machine Learning, Biotech, Deep Tech, Defense Tech, Healthtech, Logistics & Supply Chain, Medical Devices, Mobility & Transportation, Semiconductors, Space Tech.
- Where is Balnord Sp. z o.o. located?
- Balnord Sp. z o.o. is headquartered in Luxembourg, PL.
- Does Balnord Sp. z o.o. lead rounds?
- Yes, Balnord Sp. z o.o. leads investment rounds.
- Who does Balnord Sp. z o.o. co-invest with?
- Balnord Sp. z o.o. most often shares deals with BADideas.fund, bValue Venture Capital, Y Combinator, among 55 tracked co-investors.
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