BADideas.fund announces its first successful exit, following RoomPriceGenie’s $75 million USD investment from Five Elms Capital.
When BADideas.fund invested €170,000 in February 2023, RoomPriceGenie had identified a significant gap in revenue management for independent hotels. 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. Since then, it has expanded to over 3,000 hotel customers, proving the industry’s demand for better pricing automation.
“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.”
Since its launch three years ago, BADideas.fund has invested $3M+ across 25 startups, and now, with its newly launched €22M fund, BADideas.fund is doubling down on backing founders with global ambition, ideas with a clear market gap, and highly capable team with roots in CEE.
The fund combines capital with hands-on support from its 250+ member community of accomplished operators and unicorn builders, who have helped build companies like Deel, Wise, Twilio, Printify, Pipedrive, and Shopify.