Balnord launches €70m fund to back frontier and dual-use tech startups across the Baltic Sea region
Balnord, a new early-stage venture capital firm founded by the team behind Black Pearls VC, has announced the launch of Balnord Fund I, an oversubscribed €70 million vehicle dedicated to investing in frontier and dual-use technology startups across the Baltic Sea region. The fund, which is already on track to reach a final close of €100 million by mid-2026, aims to accelerate Europe’s technological reindustrialisation — backing companies building critical infrastructure and innovation in space,...










