Indexed logomarkindexed.vc

Balnord

Venture Capital

Balnord is a Venture Capital firm based in Luxembourg, Luxembourg.

Luxembourg-based early-stage VC backing frontier, deep tech, and dual-use technology startups across the Baltic Sea region with €70M Fund I.

Pre-Seed
Seed
Early Stage
Artificial Intelligence
Biotech
Deep Tech
Defense
Semiconductors
Space Tech
Headquarters
Luxembourg, Luxembourg
Website
balnord.vc
AUM
$81.0M
Portfolio Companies
5
Total Investments
5
Last Investment
Oct 2026
Geographic Focus
Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Sweden, United Kingdom
Use investor data through the API.
Example request
curl "https://indexed.vc/api/v1/investors/balnord?depth=slim" -H "X-API-Key: YOUR_API_KEY"

Indexed holds 5 portfolio companies and 5 funding rounds for this investor. The full record is or through the API.

Investment Thesis

Backs frontier and dual-use technology founders across the Baltic Sea region at pre-seed and seed, supporting companies disrupting defense, space, AI, and deep tech sectors.

It has made 5 investments. Its portfolio includes ATMOS Space Cargo, Microamp and Astrolight. Focus areas include Artificial Intelligence and Biotech.

Portfolio5

Co-investors21

Sign up to view co-investors

21 co-investors across 22 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×18 · Sovereign Wealth Fund ×1 · Family Office ×1 · 15 shared rounds

Investment History

Data from Indexed.vcUpdated

Sign up to view investment history

Create a free account with 25 free credits every month, no card needed, to unlock deal history, amounts, and round details.

Your firm? Embed this profile

Add the live badge to your site — it stays current as your portfolio data updates.

Balnord on Indexed.vc
<a href="https://indexed.vc/investors/balnord"><img src="https://indexed.vc/api/badge/investor/balnord" alt="Balnord on Indexed.vc" width="260" height="76" /></a>