# Balnord: portfolio, investments and team > Balnord is a vc firm based in Luxembourg. 3 investments on record, 3 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/balnord (Millionrounds; every figure on the page links to its filing or article) Luxembourg · [Investor](https://millionrounds.com/investors) # Balnord Last cheque observed Oct 2026; 3 cheques on record. Email VC firm Deploying now Pre-seed Seed Series A Space Tech Wellbeing Healthtech Follow Balnord and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fbalnord) Deploying now **100%** of best year **3** **cheques in 12 months**, 3 on record Since the last cheque **35** days **00** hrs **00** min **00** sec Median round **$23M** Cheque size, as they say **$500K – $2.0M** Rounds led **0 of 3** Pitch Balnord ## Balnord highlights - 01 3 cheques in the last 12 months - 02 Mostly Series A: 100% of its rounds ## What they do > High conviction dual use and frontier tech investor in the Baltic Sea & Northern Europe From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $500K – $2.0M as they say - **Stages:** Pre-seed Seed Series A Series B - **Sectors:** Space Tech Wellbeing Healthtech - **Based in:** Luxembourg City, Luxembourg - **Cold pitches:** Accepted ## The record Every round we can evidence, newest first **3 appearances** - **2026** 2 rounds - **Oct** **[Osavul](https://millionrounds.com/company/osavul)** Series A · LU · The Recursive **$9.6M** With 3 others - **Sept** **[INLEAP Photonics](https://millionrounds.com/company/inleap-photonics)** Series A · DE · Firms' own news pages **$23M** With 3 others - **2025** 1 round - **Nov** **[Infinite Orbits](https://millionrounds.com/company/infinite-orbits)** Series A · FR · Wind **$46M** With 4 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **4** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **10** of 12 we have independently watched raise [Astrolight](https://millionrounds.com/company/astrolight)[Atmos Space Cargo](https://millionrounds.com/company/atmos-space-cargo)[Avenue Biosciences](https://millionrounds.com/company/avenue-biosciences)[INLEAP Photonics](https://millionrounds.com/company/inleap-photonics)[Infinite Orbits](https://millionrounds.com/company/infinite-orbits)[Microamp](https://millionrounds.com/company/microamp)[REGENT Craft](https://millionrounds.com/company/regent-craft)[Satim](https://millionrounds.com/company/satim)[Skycore Semiconductors](https://millionrounds.com/company/skycore-semiconductors)[VitVio](https://millionrounds.com/company/vitvio) Sapient Perception port.app Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## The cheque Pre-seed Seed Series A Median round joined **$23M** the round, not its cheque Led 0 of 3 rounds **0%** - **Said size:** $500K – $2.0M - **Sole investor:** Never alone - **Last cheque:** Oct 2026 Rounds by stage said on their site - Series A said *3* - Pre-seed said *-* - Seed said *-* - Series B said *-* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Balnord?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Balnord put money into. [**Infinite Orbits** $46M · Nov 2025](https://millionrounds.com/company/infinite-orbits) ## Quick answers about Balnord ### What does Balnord invest in? Balnord invests most often at Series A (100% of the rounds on record), in sectors such as Space Tech, Wellbeing and Healthtech. ### How active is Balnord? 3 investments on record, 3 of them in the last 12 months. The most recent was in Oct 2026. ### What has Balnord invested in recently? Its most recent investments on record: Osavul (Series A, Oct 2026), INLEAP Photonics (Series A, Sept 2026) and Infinite Orbits (Series A, Nov 2025). ### How big are Balnord's cheques? The median round it joins is $23M. It says it writes cheques of $500K to $2.0M. ### Is Balnord investing now? Yes: it is actively investing, with 3 investments in the last 12 months. ### What kind of investor is Balnord? Balnord is a VC firm based in Luxembourg City, Luxembourg. ### Does Balnord take cold pitches? Yes: its own website says it reads unsolicited pitches. ### When was Balnord founded? Balnord was founded in 2024. ## Raising now? 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