🇵🇱Balnord

Black Pearls VC (now operating as Balnord)

Type: Venture Capital Fund  Headquarters: Gdańsk, Poland  Founded: 2008  Investment Stages: Pre-Seed • Seed • Series A  Check Size: €100K–€1M (up to €3M follow-on)  Focus Areas: DeepTech • Digital Health • FinTech • Enterprise Software • Future of Work • AI  Website: blackpearls.vc → now balnord.vc

Description: Black Pearls VC was a Gdańsk-based early-stage VC fund focused on defensible technologies and B2B startups across Northern and Central Europe, especially the Baltic Sea Region. As of December 2023, the fund transitioned to a new identity — Balnord — continuing its mission under a broader European brand.

They were known for being sector-agnostic, with a strong track record in digital health, enterprise software, and deep tech. The team backed over 70 startups, including Nanoxo, Xopero, Prosoma, Tapline, and Certifier, and was the first Polish VC in the Kauffman Fellows network.