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The Venture Codex

Overview

Early-stage angel syndicate funding CEE startups.

Founded

2022

Deals · 12mo

9

Stage focus

Seed

Geographic focus

Estonia
Latvia
Lithuania
Poland

Sector focus

B2B
Marketplace

Investment portfolio

22rounds
NAMEDATESIZE
ForActive
Jul 2026Participated
$4 MSeed
Tapaya
Apr 2026Participated
$1 MSeed
Spotwise.ai
Mar 2026Participated
$0.45 MSeed
WhiteBridge
Mar 2026Participated
$3 MSeed
Just 4 Noise
Feb 2026Participated
$1 MOther Equity
Tingit
Feb 2026Participated
$2 MOther Equity
Juo
Nov 2025Participated
$5 MSeed
FleetFox
Nov 2025Participated
$0.92 MOther Equity
Desktop Commander
Oct 2025Participated
$1 MSeed
Traxlo
Jun 2025Participated
$2 MOther Equity
Qminder
Nov 2024Participated
$3 MSeed
Tingit
Aug 2024Participated
$0.56 MSeed
ForActive
Jul 2026Participated
$4 MSeed
Tapaya
Apr 2026Participated
$1 MSeed
Spotwise.ai
Mar 2026Participated
$0.45 MSeed
WhiteBridge
Mar 2026Participated
$3 MSeed
Just 4 Noise
Feb 2026Participated
$1 MOther Equity
Tingit
Feb 2026Participated
$2 MOther Equity
Juo
Nov 2025Participated
$5 MSeed
FleetFox
Nov 2025Participated
$0.92 MOther Equity
Desktop Commander
Oct 2025Participated
$1 MSeed
Traxlo
Jun 2025Participated
$2 MOther Equity
Qminder
Nov 2024Participated
$3 MSeed
Tingit
Aug 2024Participated
$0.56 MSeed
22
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Insights

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Deal Distribution

BADideas.fund: 22 funding rounds are recorded in the selected participation categories.All available history.
BADideas.fund: 22 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed114
Series A01
Other Equity06

Monthly Deal Activity

BADideas.fund: 22 deals are recorded across 51 months.All available history.
BADideas.fund: 22 deals are recorded across 51 months. All available history
MonthDeals
Aug '221
Sep '221
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '231
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '241
Mar '240
Apr '241
May '242
Jun '240
Jul '240
Aug '241
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '251
Nov '252
Dec '250
Jan '260
Feb '262
Mar '262
Apr '261
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

BADideas.fund: Enterprise Software is the largest displayed sector by deal count (7 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

BADideas.fund: Enterprise Software is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Enterprise Software7
Data, Analytics & IT5
Networks, Cloud & Communication5
AI & Machine Learning5
Marketing & Advertising4
Consumer & Lifestyle3
Fintech3
Education & Workforce2
E-Commerce & Retail2
Real Estate & Construction2
Hardware & Robotics2
Media & Entertainment2
Professional Services2
Cybersecurity & Privacy1
Clean Energy & Sustainability1
Space & Frontier Tech1
Transportation & Logistics1
Manufacturing1
Health & Life Sciences1
Food & Agriculture1
Social & Community Platforms1

Deal Size Distribution

BADideas.fund: 22 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

BADideas.fund: 22 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M22
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

BADideas.fund: Europe has the largest recorded deal count among the displayed regions (19 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

BADideas.fund: Europe has the largest recorded deal count among the displayed regions (19 deals). All available history
RegionDeals
Europe19
United States2
Indonesia1
BADideas.fund: 20 co-investors are shown, with Firstpick sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

BADideas.fund: Led accounts for 5% and participating for 95% of round participation.All available history.
BADideas.fund: Led accounts for 5% and participating for 95% of round participation. All available history
CategoryDeals (count)Share (%)
Led15%
Participating2195%
BADideas.fund: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
BADideas.fund: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Liva Perkone

Member, Angel Investor

Raimonds Kulbergs

Founder and CEO

Sergey Keller

Angel Investor