/Investors

Balnord Sp. z o.o.

Venture capital

Luxembourg · Pre-Seed–Seed · 14 people tracked

Find your way into Balnord Sp. z o.o.

1,930 people in our graph share verified history with the Balnord Sp. z o.o. team — schools, employers, funds. One of them is your warm intro.

Brannon Jonesunlockedknows Jarek Pilarczyk · together at Kauffman Fellows Class 31 (overlapped)
×3knows the team · via Kauffman Fellows Class 31
knows the team · via Utrecht University
×6knows the team · via Kauffman Fellows
knows the team · via Polish Agency for Enterprise Development
✨ Fox Verdict
Sign up to see your fit

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.

Stage
Pre-Seed–Seed
Check
$550K – $3.3M
HQ
Luxembourg, PL
Leads rounds
Leads
Instruments
Equity
Founded
2024
Last 12 months
8 investments
Tracked investments
47
Acquisitions
1

Team · 14 people

from the firm's website & curated
Davis Siksnans· Founders Board member

Co-founder and former CEO of Printful; member of Balnord's Founders Board.

Peter Bialo· Founders Board member

Co-founder and CFO at DocPlanner; sits on Balnord's Founders Board.

Gabrielė Poteliūnaitė· Principalin
Maciej Skórkiewicz· Legacy Portfolio Investment Director
Marcin P. Kowalik· General Partner
Thorsten Claus· Advisor

Founding Partner at the NATO Innovation Fund and founder of Thinkstorm Ventures.

Tomasz Woźniak· Legacy Portfolio & Platform Lead

What they invest in

from 43 of 47 portfolio companies

SaaS ×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 18 portfolio companies
56%
solo founders
10 of 18 mapped founding teams
33%
repeat founders
of 24 founders with career history
~4.5 yrs
old at investment
median across 8 dated deals

Founding team size:solo founder×102 founders×53 founders×14+ founders×2

Where their founders studiedfrom 24 founders with education data

The Silesian University of Technology ×4AGH University of Krakow ×2Estonian Business School ×2International Space University ×2University of Oxford ×2

What their founders studiedfrom 24 founders with field-of-study data

Engineering ×9Computer Science ×4Economics ×4Business & Management ×3Physics ×2

Where their founders worked beforefrom 24 founders with career history

Airbus Defence and Space ×3Airbus ×2Klaus Space Transportation GmbH ×2McKinsey & Company ×2skyrise.tech ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×3

2 founders hold a PhD · 3 hold an MBA (of 25 with degree data)

Investments · 47 tracked

founders shown can be your intro path

By year:2026 · 52025 · 52024 · 22021 · 12015 · 114 dated

Altalogyaltalogy.comin𝕏

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 VenturesHustle FundPerceptive Ventures Management Company, Llc

Astrolightastrolightspace.cominMay 2025

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

ATMOSatmos-space-cargo.comin𝕏Apr 2026

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+7 more

Autentiautenti.comin

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)inTomasz Plata(CMO)Bartosz Wojciechowski(CLO)in

Co-investorsElevator VenturesTDJ Pitango Ventures3TS Capital PartnersBNP Paribas

Avenue Biosciencesavenuebiosciences.cominJan 2026 · $5.7M

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

Cargowithcargo.comApr 2026

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

Deepdeep.biin𝕏

Deep.BI is an analytics and AI platform that ingests data from multiple sources, processes and enriches it, and provides visualization, alerting, and machine learning capabilities.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise Software

Jarosław Góra(Founder)in

Co-investorsTq Ventures Llc

Deep Imagedeep-image.aiin𝕏

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

eAgronomeagronom.comin

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-4Icos CapitalIron Wolf Capital+3 more

Ensoensoanalytics.comin𝕏

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 VenturesMulticoin CapitalNFXPolychain CapitalSignalFire+1 more

Fluentbefluentbe.comin

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

GoCardlessgocardless.comin𝕏

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+6 more

HeavyFinanceheavyfinance.comin𝕏

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 CapitalEuropean Investment FundPractica Capital

IamIPiamip.comin𝕏

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

Infiniteinfinite.devin𝕏Nov 2025

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)inNathan J. Clark(Executive Officer, Director)James M Rolette(Director)Costa Hasapopoulos(Director)Mark Cree(Executive Officer, Director, Promoter)

Co-investorsY Combinator468 CapitalAscend Venture CapitalChicago VenturesEuropean Innovation Council FundFirstMile Ventures+7 more

Infinite Orbitsinfiniteorbits.ioin𝕏Nov 2025

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 Academyinfoshareacademy.comin

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

Inslyinsly.comin𝕏

Insly provides software solutions for managing general agents (MGAs) and insurers to optimize insurance operations at scale.

AI & Machine LearningEnterprise SoftwareInsurTechSaaS

Risto Rossar(CEO)in

Co-investorsSalica InvestmentsConcentricLondon Co-Investment FundTrind VenturesUNIQA Ventures GmbH

Microampmicroamp-solutions.cominSep 2025

Microamp develops proprietary 5G mmWave technology, including 3GPP-compliant mmWave radios and gNodeBs, to deliver high-speed, low-latency wireless connectivity.

Deep TechHardwareIoTLogistics & Supply Chain

Nanoxonanoxo.euin

Nanoxo is a chemical materials company specializing in the design and manufacturing of functional nanomaterials, including heavy-metal-free quantum dots based on zinc oxide.

Advanced ManufacturingDeep TechHardwareNew Materials

Ondatoondato.comin𝕏

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

Portport.app

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

Prosomaprosoma.comin

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

RTCLablivewebinar.comin𝕏

LiveWebinar is a browser-based platform for hosting webinars, online meetings, and virtual events with features for engagement, lead generation, and monetization.

Future of WorkMarketing TechMedia & EntertainmentSaaS

Sapient Industries +Moresapient.industriesApr 2026

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 Perceptionsapientperception.aiinApr 2026

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

Co-investorsFORWARD.one

SATIMsatim.coin𝕏Sep 2024

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

Simplsimpl.rentinSep 2021

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 VenturesIA VenturesValar Ventures Llc

Skycoreskycore-semi.cominNov 2025

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

Skyriseskyrise.techinacquired by Etteplan

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

Surveilysurveily.comin

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 VenturesLook AI Ventures

Swotzyswotzy.com

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

Lauris Rutkis(Founder)in

Co-investorsBADideas.fundFirstpick

Taplinetapline.ioin𝕏

Tapline provides funding qualification and reporting services for companies.

Enterprise SoftwareFintechSaaS

Co-investorsDEPO VenturesImpetus CapitalAntler

Telemeditelemedi.coin

Telemedi is a telemedicine platform in Poland offering 24/7 online doctor consultations by video, phone, or chat, during which physicians can issue e-prescriptions, e-sick leave (L4/e-ZLA), and e-referrals.

Digital HealthHealthtechSaaS

Co-investorsFlashpoint Venture Capital

Tidarotidaro.comin

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)inMarcin Musioł(Co-founder & COO)Ryszard Tarajkowski(Co-founder & CTO)inDariusz Sęk(Co-founder & CMDO)in

Traxlotraxlo.comin

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

Vitviovitvio.cominMar 2024

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 CapitalBek Ventures

VoiceLabvoicelab.plin𝕏

VoiceLab offers a Conversational Intelligence platform that automatically transcribes, analyzes, categorizes, and monitors customer conversations across phone calls, emails, chatbots, and voicebots using its own ASR and NLP technology.

AI & Machine LearningSaaSSales Tech

Wisniowisnio.comin

Wisnio is an AI-powered talent assessment and development platform that helps organizations make data-driven hiring, succession planning, and leadership development decisions.

AI & Machine LearningEnterprise SoftwareHR TechSaaSTallinn, EE

wonderwaywonderway.io

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

Wordwarewordware.aiin𝕏

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(Co-founder)inRobert Chandler(Co-founder)in

Co-investorsDay One VenturesFelicis VenturesFirestreak VenturesJ4 VenturesY CombinatorSpark Capital+1 more

Xoperoxopero.comin𝕏

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

Łukasz Jesis(Founder)in

Co-investorsWarsaw Equity Group

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ATMOS Space CargoAvenueNordigenSapientSkycore Semiconductors

Exits · 1

1 acquisitions

Skyriseacq. by Etteplan

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Balnord Sp. z o.o. made?
Balnord Sp. z o.o. has 47 tracked investments, 1 of which have exited, including 10 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 APEX Ventures, BADideas.fund, bValue Venture Capital, among 58 tracked co-investors.

Images

Balnord Sp. z o.o. photoBalnord Sp. z o.o. photoBalnord Sp. z o.o. photoBalnord Sp. z o.o. photo

Similar investors

Featured in lists