ALTUM Partnership

BADideas.fund is proud to collaborate with ALTUM, under the "Pre-Seed and Seed Stage Venture Capital Fund" investment program, financed by the European Regional Development Fund.

This partnership enables investments into startups and innovation under the EU’s strategic priorities, including digital transformation, green transition, and economic resilience.

About the Project

This initiative is supported by ALTUM and financed by the European Union through the European Regional Development Fund (ERDF), as part of Latvia’s national recovery plan. The total size of the fund is €20.67 million, of which €18.6 million is contributed by ALTUM, and the remaining share is raised from private co-investors. The fund operates between 2024–2034, with an active investment period of 5 years, and a goal to support early-stage startups at the pre-seed and seed level.

The purpose of the fund is to back globally ambitious founders from Latvia and the wider Central and Eastern Europe (CEE) region - particularly those building in B2B and marketplace verticals. Startups supported by the fund must meet rigorous selection criteria aligned with EU funding regulations and ALTUM’s investment guidelines.

Our Collaboration with ALTUM

The ethos of our fund is simple: to be the kind of investors we wished we had when building our own startups. Our team believes that Latvia - and the broader CEE region - is an undervalued unicorn factory, primed for global scale. But tapping into this opportunity requires more than capital. It requires access to the best deals and the kind of value that only operators can offer.

That’s where our collaboration with ALTUM plays a catalytic role. Their backing helps us scale a model where venture funding is driven by community. Over 200 members of our syndicate - founders and operators from CEE unicorns who’ve collectively raised several billion euros - are now scouting for the next wave of startups to support. These builders form the backbone of our dealflow engine and our unfair advantage: founders apply to us because they want to work with people who’ve built what they aspire to.

Together with ALTUM, we are proving that early-stage capital in CEE can be fast, founder-friendly, and full of real support.

Through this collaboration:

We provide equity investments to early-stage companies led by CEE-rooted founders with global ambition
We contribute to Latvia’s and Europe’s long-term growth strategy - supporting innovation, sustainability, and inclusion

Each project supported under this framework is subject to visibility and publicity obligations defined in EU regulations and national guidelines.

Transparency and Publicity

All materials, including this website, comply with EU visibility regulations:

The EU emblem and the label “Funded by the European Union”
Project descriptions, objectives, and results are communicated to the public via our site and social media.