Balnord

Balnord, established in 2024 and headquartered in Luxembourg, is a venture capital firm that invests in early-stage companies specializing in deep tech and data-driven software, with a particular focus on dual-use technologies in the Baltic Sea Region. The company takes a long-term approach to investing, aligning its strategies with the long-term growth and success of its portfolio companies.

Hubert Szczołek

CFO and Operating Partner

Jarek Pilarczyk

Operating Partner

2 past transactions

Satim

Venture Round in 2024
Satim specializes in satellite-based radar imagery technologies that provide accurate insights into geohazards and environmental conditions. Utilizing advanced software and algorithms, the company automatically analyzes synthetic aperture radar (SAR) images, enabling the extraction of clear and actionable information about various objects, including ships, cars, and buildings. This technology operates independently of weather conditions and time of day, allowing for consistent monitoring and assessment of both environmental and human-related risks to infrastructure. By harnessing satellite imagery, Satim empowers businesses to make informed decisions based on real-time intelligence.
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