BADideas.fund
BADideas.fund is a Riga-based €22M venture capital fund and investor syndicate that invests in pre-seed and seed-stage Central and Eastern European founders, operating the Launchpad GTM diagnostic platform with BADbrain AI and a 250+ builder community.
- Company typePrivate
- Founded2022
- HeadquartersRiga, Latvia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What BADideas.fund does
BADideas.fund, operating as BAD COMPANY AIFP SIA, is a Riga, Latvia-based venture capital fund and investor syndicate founded in 2022 to back pre-seed and seed-stage founders from Central and Eastern Europe. The firm operates a €22M fund co-capitalized by ALTUM and ERDF (€18.6M) alongside private co-investors, deploying capital across 30+ portfolio companies spanning payments, AI, mental health, music, repairs, and hotel tech. A notable exit to date is RoomPriceGenie at a $75M valuation. Beyond capital, the firm runs a Fundraising School accelerator and cultivates a 250-300+ member 'unicorn builders' community alongside a 300+ member investor syndicate.
The firm's core product beyond the fund itself is Launchpad, a go-to-market diagnostic system that pairs an AI co-pilot called BADbrain with a human GTM Elite Squad of experienced operators. This offering converts the fund's investment thesis into a repeatable, fee-generating founder service. Revenue is generated through multiple streams: 20% carried interest on exits, 5% entry fees on portfolio financings, 1% platform fees, and fund management fees on committed and deployed capital. Institutional partnerships with ALTUM, ERDF, LIAA, RITA, and Roundtable anchor the fund within the EU structural fund and Baltic innovation ecosystem, while portfolio deal flow has expanded geographically beyond the Baltic core into Czech Republic, Slovakia, Switzerland, USA, and Ukraine.
BADideas.fund firmographics
Firmographics- Name
- BADideas.fund
- Legal name
- BAD COMPANY AIFP SIA
- Website
- https://badideas.fund
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- BADideas.fund is a Riga-based €22M venture capital fund and investor syndicate that invests in pre-seed and seed-stage Central and Eastern European founders, operating the Launchpad GTM diagnostic platform with BADbrain AI and a 250+ builder community.
- Ownership category
- akta.pro rank
BADideas.fund industry classification
Industry- Product category
- Early-Stage Venture Capital Funding
- NAICS
- Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
- akta.pro secondary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
Keywords
Where BADideas.fund is headquartered
LocationHeadquarters
- HQ city
- Riga
- HQ country
- Latvia
- HQ region
- Europe
Offices1 record
Markets served
BADideas.fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Carried Interest (Carry): 20% carry on exit, paid only after full principal is returned. Calculated per successful exit.
- Entry Fee: 5% BADideas entry fee per deal for sourcing and negotiation.
- Platform Fee: 1% + VAT Roundtable platform fee for SPV setup, KYC/KYB, and 7-year SPV administration.
- Fund Management: Management of the €22M fund with investments ranging from €200K-€1.75M per startup.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Syndicate co-investment per deal |
| Other | Multi-year contract | Pre-seed investment |
| Other | Multi-year contract | Seed investment |
| Freemium | Annual | Partner perks package |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
BADideas.fund product offering
Product offeringCore offering
BADideas.fund is a Riga-based €22M early-stage venture capital fund and 300+ member angel syndicate that invests €50K–€1.5M in pre-seed and seed-stage CEE founders with global ambitions. Beyond capital, every portfolio company enters Launchpad, a three-phase GTM support system combining diagnostics, AI monitoring (BADbrain), and senior operator sprints (GTM Elite Squad). The fund supplements investing with a free Pitch Evaluator, an AI VP of Marketing specification, and the Fundraising School accelerator.
Product overview
BADideas.fund is a €22M venture capital fund and investor syndicate focused on early-stage CEE founders. The fund's core offering is Launchpad, a structured GTM diagnostic system comprising three interconnected phases: GTM diagnostics sprint, BADbrain AI co-pilot, and GTM Elite Squad. Supporting offerings include Fundraising School accelerator, a free Pitch Evaluator tool, and an AI VP of Marketing specification. The fund operates through both direct investment from its balance sheet and a syndicate of 200+ operator-angels co-investing via SPVs.
Differentiator
Problem solved
Functional benefit
Brands
- Launchpad: Structured GTM diagnostic system for portfolio companies with three phases: GTM diagnostics sprint, AI co-pilot (BADbrain), and GTM Elite Squad.
- BADbrain
- GTM Elite Squad
- Fundraising School
Products and services
- Launchpad (GTM diagnostic program)
- BADbrain (AI co-pilot)
- GTM Elite Squad
- Investor Syndicate (deal-by-deal co-investment)
- Pre-seed and Seed Fund Investing
- Fundraising School (accelerator)
- Pitch Evaluator (free AI tool)
- AI VP of Marketing (free specification pack)
Quantifiable outcome
- 90% of startups in due diligence stage secure funding
- +3 more outcomes
Companies that use BADideas.fund
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles3 records
BADideas.fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
BADideas.fund partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Latvian Investment and Development Agency (LIAA)coreGovernment partner for Fundraising School accelerator program. Co-organizes the fundraising training with RITA.
- Riga Investment and Tourism Agency (RITA)coreMunicipal partner for Fundraising School. Co-organizes fundraising training with LIAA.
- RoundtablecorePlatform provider for syndicate SPV structure. Handles SPV setup, KYC/KYB verification, and 7-year SPV administration. Deals structured through dedicated SPV on Roundtable.
Scale indicators18 records
Recent moves6 records
Expansion highlights5 records
BADideas.fund competitors and assessment
Company assessmentDirect peers
- Coinvest Capital: Lithuania-based seed-stage VC that has co-invested with BADideas.fund in Tingit's €1.5M round. Similar ticket sizes, CEE focus, and stage preference (seed), making it one of the closest direct comparables.
- FIRSTPICK VC: CEE-focused early-stage VC that co-invested with BADideas in WhiteBridge AI, Tingit, and Spotwise rounds. Direct peer in geography, stage (seed), and ticket size, with comparable operator involvement.
- NGL Ventures: CEE-focused pre-seed/seed fund that has co-invested alongside BADideas in WhiteBridge AI and Tingit. Comparable regional scope and ticket sizes (€250K-€1M range).
- Outlast Fund: Lithuanian-origin, ALTUM-backed pre-seed fund that co-invested in Spotwise ($450K). Overlapping public-fund mandate, CEE geography, and ticket profile with BADideas.fund.
- Practica Capital: Lithuanian early-stage VC manager with multiple regionally co-funded vehicles targeting the same Baltic/CEE pre-seed and seed opportunities, broadly equivalent in stage and check size to BADideas.fund.
- Change Ventures: Estonian/Baltic seed fund focused on early-stage regional startups; operates in the same Baltic pre-seed/seed competitive set as BADideas.fund with comparable thesis.
Emerging players
- LiteUP.vc: Polish-rooted micro-VC backing pre-seed CEE and Central European founders. Comparable in stage and regional ambition but with a slightly different geographic center of gravity.
Broad incumbents
- 500 Global: Global micro-VC accelerator that co-invested with BADideas in Spotwise and ran programs for Suhas Ghante. Significantly larger and broader, but overlaps on pre-seed tickets and CEE deal sourcing.
- Passion Capital: UK-based early-stage VC that led the €1M Tapaya pre-seed round with BADideas.fund participation. Larger fund but operates at the same pre-seed stage in the same European geographic pool.
- Plug and Play: Global accelerator/VC platform that co-invested in WhiteBridge AI's seed round with BADideas. Broader portfolio and bigger programs, but competing for the same AI-driven CEE deal flow.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
BADideas.fund social profiles
Digital presenceBADideas.fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
BADideas.fund leadership team
Management profileNumber of profiles
Profiles8 records
BADideas.fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BADideas.fund M&A and investment
M&A and investmentM&A
Investments44 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BADideas.fund
What does BADideas.fund do?
BADideas.fund is a Riga-based €22M early-stage venture capital fund and 300+ member angel syndicate that invests €50K–€1.5M in pre-seed and seed-stage CEE founders with global ambitions. Beyond capital, every portfolio company enters Launchpad, a three-phase GTM support system combining diagnostics, AI monitoring (BADbrain), and senior operator sprints (GTM Elite Squad). The fund supplements investing with a free Pitch Evaluator, an AI VP of Marketing specification, and the Fundraising School accelerator.
Is BADideas.fund a public or private company?
BADideas.fund is a private company. It is classified as venture growth investor backed and is currently operating.
When was BADideas.fund founded?
BADideas.fund was founded in 2022. It employs 1 to 10 people.
Where is BADideas.fund based?
BADideas.fund is headquartered in Riga, Latvia, in the Europe region.
How does BADideas.fund make money?
Four revenue lines are on record. Carried Interest (Carry) is the primary driver. The others are entry Fee, platform Fee and fund Management.
Who are BADideas.fund's main competitors?
Direct peers on record are Coinvest Capital, FIRSTPICK VC, NGL Ventures, Outlast Fund, Practica Capital and Change Ventures. LiteUP.vc is listed as an emerging player. Broad incumbents are 500 Global, Passion Capital and Plug and Play.
Does BADideas.fund have an API?
No public API is recorded for BADideas.fund.
What industry is BADideas.fund in?
BADideas.fund's product category is Early-Stage Venture Capital Funding. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds, with a secondary code of FSANAAAB, Early-Stage Venture Capital (Series A/B). Its NAICS code is 5259 and its SIC code is 6282.