BADideas.fund celebrates first exit with RoomPriceGenie

BADideas.fund had its first exit when Five Elms Capital invested $75 million in RoomPriceGenie.

BADideas.fund had its first exit when Five Elms Capital invested $75 million in RoomPriceGenie.

When BADideas.fund invested €170,000 in February 2023, RoomPriceGenie was building pricing software for independent hotels, which mostly had none. At the time, the company had fewer than 1,000 customers, yet it was growing 130% year-over-year with a plan to reach €2M ARR. It now has over 3,000 hotel customers.

“RoomPriceGenie exemplifies what we look for: founders addressing a specific market inefficiency at a global scale,” said Raimonds Kulbergs, General Partner at BADideas.fund. “This first exit is an important milestone for BADideas.fund, validating our investment approach and the ability to identify globally ambitious founders building in underserved markets.”

In three years BADideas.fund has invested $3M+ in 25 startups. Its new €22M fund backs strong teams from CEE with global plans and a clear gap in the market.

The fund combines capital with hands-on support from its 250+ members, operators who helped build unicorns such as Deel, Wise, Twilio, Printify, Pipedrive and Shopify.