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    BADideas.fund

    Riga, LatviaFounded 2022

    BADideas.fund is an early-stage venture capital fund and angel syndicate backing bold founders from the Baltics and Central and Eastern Europe (CEE) with global ambitions. Co-funded by the European Union through ERDF and administered by ALTUM, it leverages a community of over 200 founders and operators to provide capital and go-to-market support to pre-seed and seed stage startups, primarily in B2B SaaS and marketplaces.

    Their most common stage is seed (43% of deals). Average disclosed round size is $2.7M (across 3 rounds with reported amounts).

    Find people at BADideas.fund on Goldilocks AI

    Portfolio

    13

    Fund Size

    $21.6M

    Top Stage

    Seed

    Last 12 Mo

    0

    Team

    Mario Araujo

    Mario Araujo

    PRODUCT-LED GROWTH / SPAIN

    Ruslan Nazarenko

    Ruslan Nazarenko

    GROWTH / SAN FRANCISCO

    Danny Leonard

    Danny Leonard

    SMB OUTBOUND / CALIFORNIA

    Greg Volm

    Greg Volm

    ENTERPRISE OUTBOUND / SAN FRANCISCO

    SK

    Sergey Keller

    Partner

    SK

    Siarhei Keller

    Partner

    SG

    Suhas Ghante

    Venture Partner

    KE

    Ksenia Evsyuk

    Investment Associate Intern

    LP

    Lauris Parms

    Visiting Investment Analyst

    MP

    Mārtiņš Pjalkovskis

    Head of Investments

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    14 investments
    CompanyRoundAmountDate
    PPleso TherapyUnknown$1.2MMay 2025
    Qminder logoQminderSeed$3.3MNov 2024
    SSalesforgePre-Seed—Apr 2024
    Liledu logoLileduUnknown—Jan 2024
    WWhiteBridge.aiSeed—Jan 2024
    LLandePre-Seed—Sep 2022
    RRecruitLabSeed—Aug 2022
    LLandePre-Seed—Jan 2022
    Tapaya logoTapayaPre-Seed——
    Blockmate logoBlockmateSeed——
    FleetFox logoFleetFoxUnknown——
    Value.Space logoValue.SpaceSeed——
    Desktop Commander logoDesktop CommanderPre-Seed——
    ForActive logoForActiveSeed$3.6M—

    Top Co-Investors

    Last updated: 20 October 2026