Updated:
BADideas.fund
BADideas.fund pursues early-stage co-investments in Latvia with ALTUM and Baltic partners.
BADideas.fund
Raimonds Kulbergs established BADideas.fund as an investment vehicle focused on Baltic opportunities. Kulbergs previously founded Funderful. Artis Kehris joined as partner after co-founding Printify. The firm targets seed and start-up rounds through co-investments and direct positions. Confirmed partners include FIRSTPICK and Change Ventures for shared Baltic deals. Capital is administered in part through ALTUM under ERDF programs. Activity centers on Latvia with additional exposure across the Baltic states. The firm lists no disclosed headcount or AUM figures. It maintains membership in the Latvian Startup Association and the Latvian Venture Capital Association. The Fundraising School operates as an adjacent initiative. BADideas.fund operates through a hybrid structure that pairs private capital with public ERDF administration via ALTUM.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Latvia
City
Baltic
Corporate office
Baltic, Latvia
Principals
Raimonds Kulbergs
CEO and Founder
Artis Kehris
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at BADideas.fund?
Raimonds Kulbergs serves as CEO and Founder. Artis Kehris acts as Partner.
How does BADideas.fund source proprietary deal flow?
The firm relies on co-investment relationships with FIRSTPICK and Change Ventures plus ties to the Latvian Startup Association.
Does BADideas.fund participate in fund commitments or only direct deals?
The firm executes co-investments and direct positions in early-stage companies.
What investment stages does BADideas.fund typically target?
The firm focuses on seed and start-up rounds.
Where does BADideas.fund deploy capital geographically?
Primary activity occurs in Latvia and the broader Baltic region.
How is BADideas.fund related to ALTUM?
ALTUM serves as a major institutional investor and administrator of ERDF capital for the fund.
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