Balnord

Balnord is a Luxembourg-based venture capital firm backing dual-use and frontier tech startups across the Baltic Sea region and Northern Europe, including the Nordics, Baltics, Poland and Germany. It invests at pre-seed, seed and other early-stage rounds, can lead or co-lead investments, and writes €0.5-3M tickets, with capacity to invest up to €12M per company. Focus areas include space, aerospace, defense, AI, drones, healthtech, industrial resilience and supply chain technologies.