Riga · Pre-Seed–Seed · 9 people tracked
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Investment thesis
BADideas.fund backs early-stage B2B startups across CEE and the Nordics, prioritizing founders with exceptional drive. The team, composed entirely of people who have built companies before, works alongside founders on the go-to-market challenges that tend to stall startups between rounds. The firm runs a six-week Launchpad program after backing founders and emphasizes nailing the buyer, pain, and trust in a startup's go-to-market motion, along with distribution, clear communication, and capital allocation. Founders pitch directly and receive a yes-or-no decision within five business days.
Source: firm website, verified Oct 5, 2026.
Team · 9 people
from the firm's website & curated & public directoriesFounder mafia
The BADideas.fund mafia →9 people who came through BADideas.fund went on to found or lead other companies.
What they invest in
from 39 of 51 portfolio companiesSaaS ×19AI & Machine Learning ×17Logistics & Supply Chain ×8E-commerce ×6Fintech ×6Enterprise Software ×5Data & Infrastructure ×4Developer Tools ×4
HQs:Estonia×5United States×4United Kingdom×3Lithuania×2Latvia×2Denmark×1
Who they back
founder profiles across 17 portfolio companiesFounding team size:solo founder×52 founders×73 founders×24+ founders×3
Where their founders studiedfrom 18 founders with education data
Erhvervsakademi Aarhus | Business Academy Aarhus ×2VIA University College ×2
What their founders studiedfrom 20 founders with field-of-study data
Economics ×6Computer Science ×5Engineering ×3Mathematics & Statistics ×3Business & Management ×2Finance & Accounting ×2
Where their founders worked beforefrom 19 founders with career history
NFCtron ×2
2 founders hold a PhD · 1 hold an MBA (of 21 with degree data)
Investments · 51 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 22024 · 22022 · 29 dated
Amorphous transforms unstructured hospital data into standardized, queryable formats using AI, enabling hospitals to derive operational, financial, and clinical insights for decision-making.
AI & Machine LearningData & InfrastructureHealthtech
Co-investorsOutlast FundPurposeTechSpecialist VCZ-Fellows
THEO is a competitive brand positioning intelligence platform that delivers structured positioning briefs for brand strategists, covering competitor landscape mapping, positioning territories, visual identity analysis, and white space opportunities.
AI & Machine LearningMarketing TechSaaSVentspils, LV
Guntis Coders(Strategy & Methodology; second-time founder)inMartins Ermanis(Product & Operations)Vigo Krumins(Technology)in
Co-investorsFirstpick
AM Craft manufactures customized plastic components for aircraft seating using 3D printing technology, serving aerospace suppliers and airlines seeking reduced lead times and part consolidation.
Advanced ManufacturingDeep TechHardwareNew Materials
Co-investorsChange Ventures
Blockmate provides crypto infrastructure and compliance tools for banks and fintech companies, including portfolio management, payment integration, and AML compliance features accessible via a single API.
Crypto & Web3Enterprise SoftwareFintech
Ivan Hladik(Founder)in
Co-investorsDEPO VenturesDiaspora VenturesTensor VenturesToken VenturesZAKA VCBing Ventures+3 more
Bolt operates a European mobility super-app offering ride-hailing, shared cars, e-scooters, and food and grocery delivery, along with on-demand parcel delivery.
Logistics & Supply ChainMarketplacesMobility & TransportationTallinn, EE
Eric Feldman(Founder)Markus Villig(Founder)Martin Villig(Founder)Oliver Leisalu(Founder)Ryan Breslow(Founder)
Co-investorsAkkaCSVE Venture PartnersG SquaredKorelya CapitalPejoniRubyLight+23 more
BuilderBase operates a platform for organizing and managing builder events including hackathons, accelerators, and innovation sprints for companies, communities, and investors.
Developer ToolsFuture of WorkSaaS
Cloud Factory is a metal 3D printing company that mass-manufactures fine jewelry using proprietary printing parameters without molding or casting.
Advanced ManufacturingCircular EconomyCreator EconomyE-commerceHardwareTallinn, EE
Co-investorsChange VenturesSuperhero Capital
Commander AI offers a customer relationship management platform designed to help sales teams track opportunities, manage pipelines, and close deals faster.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSales TechSouth Bay, US
David Berg(Chief Executive Officer (CEO))inShantanu Bhardwaj(Chief Technology Officer (CTO))inDave Meizlik(President & Chief Operating Officer (COO))
Co-investorsBarrel VenturesTribes VenturesWatchfire Ventures42CAPGaingelsTenOneTen Ventures
Desktop Commander is a local AI agent application that executes tasks on a user's computer — opening folders, running commands, writing and editing files, connecting apps, and automating workflows from plain-English prompts.
AI & Machine LearningDeveloper ToolsFuture of Work
Co-investors42CAP
FinFra enables digital businesses in Southeast Asia to integrate lending services into their platforms, offering embedded financing solutions for digital transactions.
Data & InfrastructureFintechSaaS
Co-investorsAccionCento VenturesDS/X VenturesFirstpickZ Venture CapitalAccion Venture Lab+1 more
FleetFox provides automated fleet servicing for light commercial vehicle operators across Europe, handling scheduling, maintenance, washing, and relocations through trained local teams.
AI & Machine LearningLogistics & Supply ChainSaaS
Co-investorsSuperAngel
ForActive is a mobile platform for independent fitness trainers and instructors that handles payments, client management, attendance tracking, and class scheduling.
B2B MarketplacesSaaS
Maciej Bieganski(Founder)in
Co-investorsFf Venture CapitalFlyer One VenturesMovens CapitalPragmatechGeek VenturesSimpact Ventures
Frankly is a digital insurance provider offering customizable coverage for personal belongings, home, mobility, vehicles, pets, and travel.
ConsumerInsurTech
Fuel is a financial planning and analysis software platform that consolidates accounting, payroll, CRM, and billing data into unified dashboards with AI-powered automation and forecasting.
AI & Machine LearningFintechSaaS
Alyona Mysko(Founder)inYaroslav Azhnyuk(Founder)in
Co-investorsNovel CapitalStratMinds
Giraffe360 sells a subscription 360° camera and AI software that turn one property scan into a full real estate listing media kit.
Mikus Opelts(Founder)inMadars Opelts(Founder)
Co-investorsChange VenturesCipio PartnersHCVCHoxton VenturesKreos CapitalLauncHub Ventures+8 more
Hopted offers an automated data movement platform for Google Sheets, syncing live data between work apps and spreadsheets through import automations and writebacks.
Data & InfrastructureDeveloper ToolsE-commerceFuture of WorkSaaS
Vlad(Co-founder)inAlex(Co-founder)in
Co-investorsFirstpick
Juo provides a toolkit for launching and managing subscription models for physical products, including a frontend editor, workflow builder, and APIs/SDKs.
E-commerceRetail TechSaaS
Alina Prelicz(Founder)in
Co-investorsFJ LabsMarket One CapitalLakestarKogito VenturesPeakSMOK Ventures
Just 4 Noise is an AI tool that generates unique music samples and sounds for producers from text prompts, enabling faster creative workflows and integration with digital audio workstations.
AI & Machine LearningCreator EconomyMedia & EntertainmentBrooklyn, US
Leya AI is an AI-powered English learning platform that helps users improve professional and conversational English skills through personalized lessons, games, and speaking practice.
AI & Machine LearningEdTech
Co-investorsInventureBenchmarkInventureSV AngelV-Sharp Venture StudioY Combinator
Liledu is a toy subscription service offering a monthly Play & Swap model that delivers curated, age-appropriate educational toys for young children.
Circular EconomyConsumerEdTechSidcup, GB
LaurynasAiste
Co-investorsFirstpickHeartfelt CapitalHEARTFELT_
Lumos provides evaluation and data services—including supervised fine-tuning pairs, human and AI feedback, preference ranking, and reinforcement learning—to improve the accuracy and safety of AI models for health and life sciences.
AI & Machine LearningDigital HealthHealthtech
Co-investorsDorm RoomTranspose Platform Management
Miros builds an AI-driven product discovery technology that infers shopper intent from behavioural signals such as scroll velocity, clicks, and dwell time, rather than requiring shoppers to describe what they want.
AI & Machine LearningE-commerceRetail TechTallinn, EE
Co-investorsTera VenturesLook AI VenturesMetis VenturesSnatched VenturesSpecialist VCZAKA VC
Pleso Therapy operates an online therapy platform that matches clients with vetted therapists for mental health support.
Digital HealthHealthtechMental HealthWellness & Fitness
Oleksandr Bondariev(Founder)in
Co-investorsIclubTA Ventures
Port rents electric bikes to delivery workers in London through a network of charging and parking hubs.
Logistics & Supply ChainMobility & TransportationLondon, GB
Co-investorsBalnord Sp. z o.o.bValue Venture CapitalFf Venture CapitalMontis CapitalMontis VCAccel+3 more
Qminder is a B2B SaaS company that provides queue management software, letting customers sign into queues via on-site tablets or remotely and enabling staff to call visitors by name while tracking customer service metrics.
AI & Machine LearningEnterprise SoftwareRetail TechSaaS
Co-investorsMetaplanetPractica Capital
RapidWorks provides a quote-to-cash software platform for heavy equipment services companies, covering fields such as concrete pumping, crane rental, hydrovac, traffic control, and hauling.
Construction TechFintechLogistics & Supply ChainSaaS
Co-investorsMassMutual VenturesWavecrest Growth Partners
Respeecher develops proprietary deep learning technology to create high-quality synthetic speech for filmmakers, game developers, advertisers, podcasters, and content creators.
AI & Machine LearningCreator EconomyGamingMedia & EntertainmentSaaSKyiv, UA
Oleksandr Serduik(Executive Officer, Director, Promoter)Grant Reaber(Executive Officer, Director, Promoter)inAlex Serdiuk(Founder)inDmytro Bielievtsov(Co-founder and CTO)in
BoardJohn Frankel(Director)in
Co-investorsAcrobator VenturesCathexis VenturesDniproFf Venture CapitalHartmann CapitalICU Ventures+4 more
RoomPriceGenie offers an automated room pricing and revenue management system (RMS) for hotels, designed for hotel owners and managers to set prices and increase revenue.
AI & Machine LearningPropTechSaaSTravel & Hospitality
Ari Andricopoulos(Founder)inJörg Siegel(Founder)in
Co-investorsFive Elms CapitalRKKVCSICTIC
SalesForge provides tools and training for agencies and service providers to execute cold email campaigns effectively.
AI & Machine LearningMarketing TechSaaSSales Tech
Frank(Founder & CEO)Dovydas(Founder & Head of Product)Daniel(CTO & Founder)Daniel Grek Sanchez Castellanos(Founder)Dovydas Volodko(Founder)Frank Sondors(Founder)
Co-investorsSpring Capital
Sign on Tab develops digital document management software with legally binding digital signatures and biometric data capture, offering products such as digital templates, a virtual printer, cloud storage, and API integrations.
Digital HealthEnterprise SoftwareHealthtechSaaS
Co-investorsDEPO Ventures
Spotwise builds an agentic platform for commercial radio broadcasters that turns on-air ad signals into sales actions—identifying buyers, drafting pitches, and updating the pipeline for sellers to review.
AdTechAI & Machine LearningMedia & EntertainmentSaaSSales Tech
Rendijs LevicsinRoberts Ernests Levics(Founder)inRaimonds Korzenevskis(Founder)in
Co-investors500 Global
Supliful is a fulfillment and private-label platform that lets creators and entrepreneurs build consumer packaged goods (CPG) brands—such as supplements, coffee, and on-demand products—without holding inventory, handling manufacturing, or managing logistics.
B2B MarketplacesDirect to ConsumerE-commerceLogistics & Supply ChainWellness & FitnessDenver, US
Martins Lasmanis(CEO)in
Co-investorsDiaspora VenturesNeer Venture PartnersZAKA VCStartup Wise Guys
Swotzy is a multi-carrier shipping platform that aggregates shipments from e-commerce sellers to negotiate better rates and simplify shipment management from checkout to delivery.
E-commerceLogistics & Supply ChainSaaS
Lauris Rutkis(Founder)in
Co-investorsBalnord Sp. z o.o.Firstpick
Tapaya provides a drop-in software development kit that turns any device into an in-store payment terminal, enabling developers to accept multiple payment methods without payments expertise.
Developer ToolsFintech
Laura Ďorďová(Founder)inPetr Zahradník(Founder)in
Co-investorsDEPO VenturesPassion Capital
Teamdash is an applicant tracking system that integrates with LinkedIn to help recruiters manage the full hiring process from job posting to candidate collaboration in one platform.
AI & Machine LearningEnterprise SoftwareHR TechSaaS
Paavo HeilinMarie EvartinKarl Sander Erssin
Co-investorsChange VenturesSuperAngel
Traxlo operates tasku.app, a pay-per-task labor platform that matches local gig workers to standardized tasks such as shelf replenishment and warehouse work for grocery chains, retailers, and FMCG brands.
B2B MarketplacesFuture of WorkLogistics & Supply ChainRetail TechVilnius, LT
Paulius VėželisAlmantas Zemblys(Founder)inPaul V.in
Co-investorsAntlerIron Wolf CapitalBalnord Sp. z o.o.DEPO VenturesCoinvest Capital
Value.Space provides satellite-based risk assessments for insurance underwriters and risk engineers using digital models of assets, climate data, and movement data to assess risk.
Climate TechInsurTech
Reijo Pold(Founder)in
Co-investorsGreat Stuff VenturesInventureInventureSpecialist VC8VCAtreides Management+5 more
WhiteBridge is an AI-powered digital identity research tool that aggregates and verifies publicly available data about individuals to produce verified reports.
AI & Machine LearningData & InfrastructureSaaSVilnius, LT
Irmantas Motiejūnas(Founder)inAntanas Sitnikas(Founder)Paulius Taraskevicius(Founder)Tomas Martunas(Founder)
Co-investorsFirst Degree CapitalFirstpick
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AI music/instrument generation companyBraidBreezitCloud Factory JewelryRapidworksSquad RoboticsTingitUnnamed D2C subscription companyUnnamed generative-AI music companyUnnamed maternal well-being companyUnnamed mental health marketplace
Portfolio news
latest coverage across their companiesTapaya · finsmes.com · Apr 28, 2026
Giraffe 360 · thesaasnews.com · Mar 26, 2026
WhiteBridge AI · thesaasnews.com · Mar 16, 2026
Juo · finsmes.com · Nov 27, 2025
Commander · finsmes.com · Nov 5, 2025
Traxlo · eu-startups.com · Jun 19, 2025
Frequently asked questions
- How many investments has BADideas.fund made?
- BADideas.fund has 51 tracked investments, including 5 dated in the last 24 months.
- What stage does BADideas.fund invest at?
- BADideas.fund invests at the Pre-Seed, Seed stages.
- What is BADideas.fund's typical check size?
- BADideas.fund typically writes checks of $54.5K – $1.6M.
- What sectors does BADideas.fund focus on?
- BADideas.fund focuses on AI & Machine Learning, B2B Marketplaces, Consumer, Direct to Consumer, Enterprise Software, FemTech, Marketplaces, Mental Health, SaaS, Sector Agnostic, Wellness & Fitness.
- Where is BADideas.fund located?
- BADideas.fund is headquartered in Riga, LV.
- Who does BADideas.fund co-invest with?
- BADideas.fund most often shares deals with Firstpick, DEPO Ventures, Specialist VC, among 69 tracked co-investors.
From the blog
visit blog ↗Recent posts cover early-stage go-to-market topics: defining product-market fit through cohort retention curves, arguing distribution and non-consensus conviction are the real moats now that building is cheap, and reframing business plans as fast validation loops. AI summary
Media · Podcasts & interviews
from their channel“Listen to everyone” — BAD ADVICE #6 w/ Roberts Bernans
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"Build a great product and they'll come" — BAD ADVICE #7 w/ Suhas Ghante
BADideas_fund
“If it works for you, it’ll scale” — BAD ADVICE #5 w/ Madara Knutina
BADideas_fund
“Company culture is bull💩" — BAD ADVICE #4 w/ Jekabs Endzins
BADideas_fund
Images
Co-investors · 4
Change Ventures is a pre-seed venture capital firm backing ambitious Baltic founders in Estonia, Latvia and Lithuania, as well as the Baltic diaspora globally, providing initial capital plus hands-on support to reach product-market fit.
Specialist is a venture capital fund backing early-stage tech founders across Estonia, Latvia, Lithuania, Finland and Ukraine, formerly known as United Angels.
DEPO Ventures is an early-stage venture capital fund backing inception and pre-seed technology founders building Europe's critical infrastructure, having evolved from a community of angel investors into a professional VC fund.
SID Venture Partners is an early-stage venture capital firm backing founders by combining capital with the engineering expertise and business-development resources of a group of leading software companies.
Firms observed investing alongside BADideas.fund, from public investor directories. Shared companies are the overlap with BADideas.fund's recorded portfolio.
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