Latvian BADideas.fund exits Swiss startup RoomPriceGenie

Riga-based venture capital BADideas.fund said it has exited Swiss startup RoomPriceGenie, in which it invested €170K in 2023. This is the first exit for the Latvian fund, which came as a result of the startup raising $75M from an American company Five Elms Capital.

RoomPriceGenie is a company that develops a platform to solve pricing problems in the hospitality industry. It offers an artificial intelligence-based management system with daily price control, bulk editing, deadline customization, revenue analytics and other tools. Two years RoomPriceGenie served less than 1K hotels, today it has exceeded 3K. The startup was founded in Steinhausen, Switzerland in 2017 by Ari Andricopoulos, Marvin Speh, and Jörg Siegel. 

BADideas.fund is a Latvian fund, launched in April 2022 by Raimonds Kulbergs. It focuses on pre-seed and seed-stage startups from Baltics and CEE region. The typical ticket size is €50K-150K. The fund has more than 40 business angels, founders, executives, and employees of Bolt, Vimeo, Printify, PandaDoc, Pipedrive, and others.

According to Raimonds Kulbergs, the exit is a major milestone for BADideas.fund as it proves the fund's ability to "identify globally ambitious founders".