Balnord
Luxembourg, Luxembourg · Pre-seed → Series B
Their stated focus (public profile)
Balnord is a high-conviction early-stage investor focused on frontier and dual-use technologies — spanning space, healthcare, industrial resilience, and sectors critical to European autonomy — with a geographic focus on the Baltic Sea Region and its diaspora. They lead or co-lead pre-seed and seed rounds with meaningful ticket sizes, backing fewer companies to invest more time, capital, and resources in each. As former founders and operators (formerly Black Pearls VC), they take a hands-on approach supporting portfolio companies from pre-seed through exit and beyond, including follow-on investment up to Series B.
Stages: Pre-seed → Series B
Sectors: Space tech, Healthtech, Defense, Semiconductors, Logistics & supply chain, AI / ML, Life sciences
Check size: €0.5–3M initial ticket; follow-on up to €12M (Series A and B)
On file: 6 partners on record · 10 companies on record
Website: balnord.vc
This perch was compiled from public sources — filings, the fund’s own site, public write-ups. None of it is the fund’s own words.
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This perch was compiled from public sources — filings, the fund’s own site, public write-ups. None of it is the fund’s own words.
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