We back the technological platforms of tomorrow - the picks and shovels of Europe’s reindustrialisation.

Balnord is a high-conviction early-stage investor in frontier & dual-use technologies. Focused on founders primarily from the Baltic Sea Region, we back companies solving the hardest problems in critical industries - laying the foundation for Europe’s re-industrialisation and technological autonomy across space, healthcare and bio, semiconductors and advanced manufacturing. With our ex-entrepreneur & operator background, we help founders build companies that matter - from pre-seed & seed to exit and beyond.