Fund profile / Estonia

BADideas.fund

Geography: Estonia
Stage: Pre-Seed
Fund size: $22M
Focus: AI/ML, E-Commerce and SaaS
Signals: Published

N°01 / About

About BADideas.fund

BADideas.fund is a venture capital firm based in Estonia, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, E-Commerce, SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionEstonia

Funding StagePre-Seed

Industry Focus

AI/ML

E-Commerce

SaaS

Investor Signals Profile

active

Sweet Spot

Conviction founder reshaping industry, AI-native ops, 20-year vision

AI-Native GTM

Category Creation

Conviction-Driven

Application Layer

Pre-seed & Seed

Bullish Signals

40+ backed since 2022, €200K-€1.5M checkswebsite

22 days median: first meeting to term sheetwebsite

Yes/no in 5 business days with reasoningwebsite

Dedicated GTM operators inside every companywebsite

Enterprise + SMB + PLG operators rotating sprintswebsite

Backed by HubSpot, Shopify, Dropbox, Bolt, OpenAI alumniwebsite

Distribution moat + GTM framework content librarywebsite

AI-native ops requirement filters conviction founderswebsite

Portfolio companies get GTM diagnostic within 30 dayswebsite

Backing builders from Vimeo, Revolut, Vinted, NordVPN, Deel, Wisewebsite

Learning measured in days, not quarterswebsite

Distribution is the new moat — content framework librarywebsite

Contrarian Signals

Rejects median ideas — demands true conviction gapwebsite

Won't fund foundation model layer competitorswebsite

Application-layer only thesis narrows TAM perceptionwebsite

Heavy GTM operator requirement may deter founderswebsite

Requires AI-native workflows, not just AI productwebsite

Founder Do's

Lead with unhearable belief, not borrowed idea

Build 20yr category, not feature twist

Ship AI-native ops, test hypotheses weekly

Run GTM sprints inside company post-close

Send raw deck, no polish needed

Founder Don'ts

Never pitch median, borrowed, or safe ideas

Don't compete foundation model layer

No passive capital — need GTM operator commitment

37 signals on BADideas.fund

12 bullish · 5 contrarian · 5 pitch do's · 3 don'ts · 12 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$22M

Saves0

Website

People

Key People

Raimonds Kulbergs

Ruslan NazarenkoPartner / Growth Operator

Greg VolmPartner / Enterprise Outbound Operator

Danny LeonardPartner / SMB Outbound Operator

Mario AraujoPartner / PLG Operator

Suhas GhanteCommunity Member / Advisor

Roberts BernansCommunity Member / Advisor

Andrius BaranauskasCommunity Member / Advisor

Simona AndrijauskaiteCommunity Member / Advisor

Davis SiksnansCommunity Member / Advisor

Lauris LietavietisCommunity Member / Advisor

Miranda GottliebCommunity Member / Advisor

Girts GraudinsCommunity Member / Advisor

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