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Balnord is an early-stage venture capital firm backing frontier and dual-use technology companies in the Baltic Sea Region, focused on space, healthcare and industrial resilience.
DEPO Ventures
Prague-based venture capital group investing €250,000–€500,000 at inception and pre-seed in CEE and Baltic technology startups, via angel funds and an investor syndicate.
DEPO Ventures is a Prague-based early-stage venture capital group founded in 2016, investing in technology startups across Central and Eastern Europe and the Baltics. It targets inception and pre-seed stages - typically investing €250,000–€500,000 at valuations of up to €7 million - with a stated focus on technologies relevant to Europe's critical infrastructure. Sector interest spans defence, space, fintech, Industry 4.0 and energy.
The firm deploys capital through two vehicles: DEPO Angel Funds, its managed angel funds, and the DEPO Angels investor syndicate. Across these it reports 53 portfolio companies and €9 million of capital deployed to date, with a follow-on rate of 62% - a figure that indicates how often its initial bets attract subsequent funding rounds.
Alongside investment, DEPO Ventures provides hands-on founder support and connects portfolio companies with its wider investor network, drawing on venture partners and industry experts. The group also contributes to the regional startup ecosystem through events and initiatives.
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