Privacy policy

BADideas.fund operates as the data controller regarding your personal data. If you have any questions about how we process your data or wish to exercise your rights, you can contact us at:

• 📧 Email: marketing@badideas.fund

• 📍 Registered Office: Rīga, Lastādijas iela 12 k-3, LV-1050

• 📑 Company Registration Number: 40203612692

We collect personal data in the following ways:

• Data You Provide to Us

  • We collect personal data that you provide directly when interacting with our website. This includes, but is not limited to:

    • When you apply for funding through our website by submitting an application via our founder application form.

    • When you express interest in joining our investor syndicate by filling out our investor application form.

    • When you refer a startup, founder or syndicate member through our referral form.

    • When you subscribe to our newsletters, marketing updates, or investor relations communications through our website.

    • When you contact us via email or submit inquiries related to funding, investment opportunities, referrals, or other general inquiries.

    • When you apply to attend our events advertised through platforms such as Luma or Eventbrite.

  • All form submissions are captured through WIX and processed through Airtable, our primary database for managing incoming applications, referrals, and subscriptions. Some of this data may also be transferred to Notion, which we use for internal reference and data coordination.

  • When processing data related to investment applications and due diligence, we may collect and verify additional information required by anti-money laundering regulations and other applicable financial services laws. This includes verification of identity documents, proof of address, source of funds documentation, and other information required for regulatory compliance. This processing is necessary for compliance with our legal obligations as an Alternative Investment Fund Manager under applicable laws and regulations.

•  Data We Collect Automatically

  • Analytics & Usage Data: We collect aggregated data via Google Analytics, Google Tag Manager, and WIX Analytics to understand how users interact with our Website.

  • Cookies & Tracking Technologies: As outlined in our Cookie Notice, we use cookies to optimize user experience and marketing efforts.

• Data from Third Parties

  • Advertising Partners: We receive data regarding your interactions with our advertisements from Google Ads, META Pixel (Facebook & Instagram Ads), LinkedIn Ads, and TikTok Pixel.

  • Social Media Interactions: If you engage with our social media profiles or log in using third-party platforms, we may receive data based on your settings with those providers.

We process your personal data for the following purposes:

• Investment Screening & Due Diligence: Evaluating applications submitted via our Website.

• Marketing & Communications: Sending relevant updates about BADideas.fund via email or targeted advertising.

• Website Analytics & Performance: Understanding how visitors interact with our Website and improving functionality.

• Legal & Compliance Purposes: Ensuring compliance with GDPR, AML/CMT laws and other applicable regulations.

Data stored in Airtable ans WIX includes, but is not limited to:

• Personal and business contact information (name, email, LinkedIn profile, company details).

• Information about the startup, such as industry, business model, traction, and funding needs.

• Investor details, including investment preferences, experience, and interests.

• Referral information, including the name and contact details of the referred startup or investor.

• We ensure that this data is only accessible to authorized personnel within our organization and is used strictly for the purposes outlined in this Privacy Policy. If you wish to update or delete any of the data you have provided, you may contact us at marketing@badideas.fund.

We process your personal data based on:

• Legitimate Interest: For marketing, website analytics, and investor communications.

• Consent: Where required, such as for email subscriptions and cookies.

• Contractual Obligation: If you engage with us for funding opportunities or partnerships.

• Legal Obligation: Complying with EU financial and privacy regulations.

We do not sell your personal data. However, we may share it with:

• Technology & Analytics Providers: Google Analytics, WIX, Cloudflare (for security & performance).

• Marketing & Advertising Platforms: Google Ads, META, LinkedIn, and TikTok for targeted outreach.

• Legal & Compliance Authorities: Where required by law or regulatory compliance, including but not limited - the Bank of Latvia, Central Finance and Contracting Agency, state-owned development finance institution ALTUM.

• Professional Advisors and Service Providers: Professional advisers including lawyers, auditors, accountants, and consultants who assist in fund operations and regulatory compliance.

• Investors & Partners: If you apply for funding, your information may be reviewed by our investment partners.

We store personal data securely on GDPR-compliant platforms. We maintain detailed records of all data processing activities as required by GDPR Article 30. We implement security measures, including encryption, access controls, staff training, data protection impact assessments and regular security audits to protect your data.

We retain personal data for as long as necessary to fulfill the purposes outlined in this Privacy Policy, unless longer retention is required by law.

As an EU data subject, you have the right to:

• Access your personal data.

• Correct inaccurate or incomplete data.

• Request deletion (“Right to be Forgotten”) in certain circumstances.

• Restrict processing of your data.

• Object to processing for direct marketing.

• Data portability (receive your data in a structured format).

• Withdraw consent at any time where consent is the basis of processing.

To exercise these rights, email marketing@badideas.fund.

We may update this Privacy Policy periodically to reflect changes in our data practices. Updates will be published on this page with the revised “Last Updated” date.

For privacy-related inquiries, you can reach us at:

• 📧 Email: marketing@badideas.fund

• 📍 Address: Rīga, Lastādijas iela 12 k-3, LV-1050

• 📑 Company Registration Number: 40203612692