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Key people at Balnord.
Balnord is an early-stage investment firm specializing in frontier and dual-use technologies across the Baltic Sea Region. It provides strategic capital and operational support to develop critical infrastructure and advanced solutions. The firm employs a high-conviction model, investing deeply in select companies with substantial capital and focused attention, fostering authentic company building for Europe’s re-industrialization.
Co-founders Marcin P. Kowalik and Aleksander Dobrzyniecki established Balnord around 2022. Kowalik, an experienced entrepreneur, founded and exited two companies. Their insight: entrepreneurs in critical industries need patient, involved guidance, beyond initial funding, to effectively scale ventures.
Balnord primarily serves founders developing pivotal frontier and dual-use technologies across the Nordics, Baltics, Poland, and Germany. Its long-term vision empowers these entrepreneurs toward transformative outcomes. The firm aims to strengthen Europe’s resilience and re-industrialization, offering comprehensive support from pre-seed through exit, amplifying innovative minds' impact.
Key people at Balnord.
Balnord has 3 tracked investments across 3 companies. The latest tracked deal is $46.4M Other Equity in Infinite Orbits in November 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 17, 2025 | Infinite Orbits | $46.4M Other Equity | — | EIC Fund, Matterwave Ventures, Newfund, Wind Capital |
| Nov 13, 2025 | Skycore Semiconductors | $5.8M Seed | Amadeus | First Momentum Ventures, Mätch VC |
| Oct 1, 2025 | VitVio | $8.0M Seed | Earlybird Venture Capital | AngelList Syndicator, LDV Capital, Zehan Wang, JOE Mullings, Mati Staniszewski, Thornapple River Capital, Tiny VC |