Balnord launches € 70m Fund in the Frontier and the start of technological implementation in the Baltic Sea region
Balnord, the first new Ventul Venture company founded by the group behind the black pearls of the VC, has announced the launch of the Balnord Fund, a €70 million vehicle dedicated to investing in the Baltic Sea.
The fund, which is already on track to reach the final cap of €100 million in mid-2026, aims to accelerate technological infrastructure and treatment, industrial resilience, industrial resilience, and defense-related technologies.
“We are investing in the industrial backbone of Europe,” said Marcin P. Kowalik, general partner at Balnord. “There has never been a stronger time in Europe to build strong companies and resilient companies. The next wave of unicorns will emerge from this space.”
Balnord’s investment centers in Europe’s growing sense of technological independence amid global economic fragmentation and rising geopolitical uncertainty.
The Firm has already sent 13 million to 10 companies, with its first four portfolio companies raising 40 million following Round-on aconds and making € 35 million in this year’s funds.
Its focus is on the Nordics, the Baltics, Poland, and Germany, which invest between € 500,000 and € 3 million in investments of up to twelve million.
“We support strong entrepreneurs who raise the bar with ambition,” said Aleksander dobrzynieki, general partner at balnord. “Our goal is to help founders create thousands of Euro companies that can make a GDP-Level impact across the Baltic Sea region. We don’t just invest in companies –
Among Balnord’s previous investments are:
• Atmos Space Cargo Cargo (Germany), developing programs for the best Space-to-Earth objects.
• Vitvio (Poland), a Medtech company digitalizes the operation of operating rooms using computer vision and passive sound.
• Stars (Lithuania), Creator of the invisible Laser communication link on NATO ships.
• Microamp and Satim (Poland), both technology intensive services aligned with Europe’s Defense Innovation and 5G infrastructure goals.
Other portfolio companies face the challenges of industrial sustainability, bio tech, and local infrastructure, balnord’s position as one of the few first-stage funds to bridge trade and innovation in Europe.
Balnord’s Core Team, drawn from ten years of successful fundamental investing, includes general partners Marcin P. Kowalik and Aleksander DobrzyNiecki, Wojciech Drewczyński, Hubert Szzzołek, and Gabriele Potendeliite. The firm operates from gdańsk, Luxembourg, and Berlin.
The Firm has also established a Board of Founders to guide its portfolio companies, with Davis Siksnans, Founder and highly successful CEO of PIPON.
“Working with Balnord feels like you have a partner you truly find,” said Sebastian Klaus, CEO of Atmos Space. “Their business experience means they understand UPS and building a company. They’re not just investors – they’re builders.”
Limited partners (LPS) include the European Investment Fund (EIF), PFR entry, and European family offices and founders. The LP fund of the Fund has broken three continents and 12 countries, many previous investors were returned.
“Investing in Balnord enables us to contribute directly to the EU’s strategic objectives,” said Marjut Falkstedt, Chief Executive Officer of the European Investment Fund. “This fund will drive innovation in key sectors such as defense and space, ensuring Europe remains at the forefront of technological development.”
ROZALIA URBANEK, Member of the Board at Pfr Ventures, added that Balnord’s model “goes well beyond money, promoting a deep technological environment that innovators can really benefit from.”
Balnord’s Mission shows a broad shift in European Venture capital looking for good technology with strategic and industrial applications – from Satellite Logistics and advanced manufacturing to advanced healthcare systems.
As Europe accelerates efforts to achieve technological sovereignty and reindialisation, balnord positions itself as a front-stage key for these companies that make up the generations of the Chrowy continent.
