# Balthazar funding: rounds and investors

> Balthazar has raised $1.4M across 1 round since 2025. Investors include CapitalT and Antler. Every round with its source.

Source: https://millionrounds.com/company/balthazar (Millionrounds; every figure on the page links to its filing or article)

Netherlands · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Balthazar*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Deeptech Software

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Funding summary Updated 5 Nov 2026

**$1.4M** raised across 1 round since 2025, from 1 source

- **Latest round:** Pre-seed, $1.4M Jul 2025
- **Led by:** CapitalT
- **Investors:** 2 (1 led)

See who backed them

## The rounds

- **Jul 2025** Pre-seed **$1.4M** [CapitalT](https://millionrounds.com/fund/capitalt) Lead [Antler](https://millionrounds.com/fund/antler) Reported by Silicon Canals

## Founders and team

From Balthazar's own website: 2 founders.

**Dejan Davidovikj** Co-founder & CEO

**Konstantin Mertsalov** Co-founder & CTO

Advisers *Derek Roos*

## Everyone who backed them

[CapitalT](https://millionrounds.com/fund/capitalt) VC firm **1** round, led 1

[Antler](https://millionrounds.com/fund/antler) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=balthazar).

## Quick answers about Balthazar

### Who invested in Balthazar?

Balthazar's investors include CapitalT and Antler. CapitalT led its latest round.

### How much has Balthazar raised?

Balthazar has raised $1.4M across 1 round since 2025.

### When did Balthazar last raise?

Balthazar's most recent round was a Pre-seed of $1.4M in Jul 2025, led by CapitalT.

### What was Balthazar's biggest round?

Its most recent round, $1.4M in Jul 2025, is also its largest on record.

### Who backed Balthazar first?

Balthazar's first round on record, in Jul 2025, was backed by CapitalT and Antler.

### What stage is Balthazar at?

Balthazar's latest named round is a Pre-seed, in Jul 2025.

### Where is Balthazar based?

Balthazar is based in the Netherlands.

### Who led Balthazar's rounds?

CapitalT led the Pre-seed in 2025.

## Companies like Balthazar

In the same sector, and raised in the last eighteen months.

[**Context Labs** Nov 2026](https://millionrounds.com/company/context-labs)[**Braid** $45M · Oct 2026](https://millionrounds.com/company/braid)[**Nebius Group** $4.2B · Oct 2026](https://millionrounds.com/company/nebius-group)[**GasLab** $1.0M · Oct 2026](https://millionrounds.com/company/gaslab)[**Cordys Analytics** $942K · Sept 2026](https://millionrounds.com/company/cordys-analytics)[**Duqu** $1.7M · Sept 2026](https://millionrounds.com/company/duqu)

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