

Lisa Palchynska
Editor-in-Chief, Vestbee

The company is now targeting global markets as demand grows for compact, safe power sources in IoT and sensor-driven devices.

With fresh capital, Leil will accelerate go-to-market efforts, expand its product roadmap, and grow its commercial team.

The round brings the company’s total funding to over $60 million since 2020.

Balnord plans to invest in at least 22 companies out of its Fund I, with initial cheque sizes ranging from €500,000 to €3 million.

The company is now targeting global markets as demand grows for compact, safe power sources in IoT and sensor-driven devices.

With fresh capital, Leil will accelerate go-to-market efforts, expand its product roadmap, and grow its commercial team.