Badhouse Ventures

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jul 1, 2025	Magentic	$6.0M Seed	—	Ambridge Capital, Balderton Capital, DST Global, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Andrew Nutter, Christopher Zemina, Matteo Gamba, Stephen Romanoff
Oct 1, 2021	TradingView	$300.0M Series C	—	Ambridge Capital, Balderton Capital, DST Global, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Andrew Nutter, Christopher Zemina, Matteo Gamba, Stephen Romanoff
Aug 1, 2021	Kuda	$55.0M Series B	—	Ambridge Capital, Balderton Capital, DST Global, Christian Miele, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Valar Ventures, Andrew Nutter, Christopher Zemina, Mato Peric, Matteo Gamba, Stephen Romanoff
Mar 1, 2021	Kuda	$25.0M Series A	—	Ambridge Capital, Balderton Capital, DST Global, Christian Miele, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Valar Ventures, Andrew Nutter, Christopher Zemina, Mato Peric, Matteo Gamba, Stephen Romanoff
Dec 1, 2020	cargo.one	$42.0M Series B	—	Ambridge Capital, Balderton Capital, Bascom Ventures, Bessemer Venture Partners, Burda Principal Investments, Creandum, DST Global, Earlybird Venture Capital, Fabric Ventures, Founders Fund, General Catalyst, Index Ventures, IVP, Jigsaw VC, Lakestar, Las Olas Venture Capital, Morado Venture Partners, Openview Venture Partners, Pario Ventures, Playfair Capital, Point Nine Capital, Raine Ventures, Redalpine Venture Partners, Sequoia Capital, Target Global, TCV, Tech Square Ventures, Tiger Global Management, Valar Ventures, Andrew Nutter, Christopher Zemina, Felix Jahn, Matteo Gamba, Maximilian Tayenthal, Robert Gentz, Rubin Ritter, Stephen Romanoff
Nov 1, 2020	Kuda	$10.0M Seed	—	Ambridge Capital, Balderton Capital, DN Capital, DST Global, EQT Ventures, Goat Capital, Index Ventures, Jigsaw VC, Lakestar, Manta Ray Ventures, Moonfire Ventures, MS&AD Ventures, Pario Ventures, Playfair Capital, Point Nine Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Y Combinator, Andrew Nutter, Christopher Zemina, Clara Shih, David Breger, Marcus Börner, Matteo Gamba, Michael Brehm, Michael Hansen, Stephen Romanoff
Jul 1, 2020	ThinkSono	$3.0M Seed	—	Ambridge Capital, Balderton Capital, Calm/Storm Ventures, DST Global, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, QVentures, Sequoia Capital, Target Global, TCV, Tiger Global Management, Christopher Zemina, Jeff Crusey, Matteo Gamba, Stephen Romanoff
Jul 1, 2020	cargo.one	$19.0M Series A	—	Albion VC, Ambridge Capital, Balderton Capital, Bascom Ventures, Burda Principal Investments, Creandum, DST Global, Earlybird Venture Capital, Fabric Ventures, Founders Fund, General Catalyst, Index Ventures, IVP, Jigsaw VC, Lakestar, Morado Venture Partners, Pario Ventures, Passion Capital, Playfair Capital, Plug & Play Ventures, Point Nine Capital, Raine Ventures, Redalpine Venture Partners, Sequoia Capital, Target Global, TCV, Tiger Global Management, Valar Ventures, Andrew Nutter, Charles Delingpole, Charlie Songhurst, Christian Faes, Christopher Zemina, Daniel Gandesha, Felix Jahn, Matteo Gamba, Maximilian Tayenthal, Robert Gentz, Rubin Ritter, Stephen Romanoff, Will Brooks, Will Martin
Jun 1, 2020	Koala	$2.0M Seed	—	Ambridge Capital, Balderton Capital, DST Global, Index Ventures, Jigsaw VC, Lakestar, Outrun Ventures, Pario Ventures, Playfair Capital, sequel, Sequoia Capital, Speedinvest, Target Global, TCV, Tiger Global Management, Andrew Nutter, Christopher Zemina, David Giampaolo, Matteo Gamba, Pam Garside, Stephen Romanoff, 040 Capital, Amjad Masad, Anh-Tho Chuong Degroote, Anthony Pompliano, Balaji Srinivasan, Cherry Ventures, Chris Herd, Contrary Capital, DN Capital, Greenfield One, Ian Hogarth, Joshua Webster, Kima Ventures, LocalGlobe, Logos Labs, Musha Ventures, O'Shaughnessy Ventures, Partech Ventures, Pierre Valade, Roxanne Varza, Tony Jamous
May 1, 2020	Addi	$15.0M Series B	—	Amadeus Capital Partners, Ambridge Capital, Andreessen Horowitz, Balderton Capital, DST Global, Endeavor Catalyst, Flourish Ventures, Index Ventures, Jigsaw VC, Kaszek Ventures, Lakestar, Pario Ventures, Playfair Capital, Point72 Ventures, Quona Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Andrew Nutter, Christopher Zemina, Matteo Gamba, Stephen Romanoff
Oct 1, 2018	Goodlord	$9.0M Series B	—	Ambridge Capital, Balderton Capital, DST Global, Finch Capital, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Andrew Nutter, Christopher Zemina, Matteo Gamba, Stephen Romanoff
May 1, 2018	FairMoney	$1.0M Seed	—	Ambridge Capital, Balderton Capital, DST Global, Index Ventures, Jigsaw VC, Lakestar, NewFund, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Andrew Nutter, Matteo Gamba, Stephen Romanoff
Apr 1, 2018	Instabridge	$3.0M Venture Round	—	Ambridge Capital, Balderton Capital, DST Global, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Andrew Nutter, Christopher Zemina, Matteo Gamba, Stephen Romanoff
Jan 1, 2018	ThinkSono	$900K Seed	—	Ambridge Capital, Balderton Capital, DST Global, Helium-3 Ventures, Index Ventures, Jigsaw VC, Lakestar, Pareto Holdings, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Charlie Songhurst, Christopher Zemina, Jeremy Yap, Matt Bellamy, Matteo Gamba, Stephen Romanoff, Xen Lategan
Mar 1, 2017	Goodlord	$9.0M Series A	—	Ambridge Capital, Balderton Capital, DST Global, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Andrew Nutter, Christopher Zemina, Matteo Gamba, Stephen Romanoff
May 1, 2016	Goodlord	$3.0M Seed	—	Ambridge Capital, Balderton Capital, DST Global, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Andrew Nutter, Christopher Zemina, Matteo Gamba, Stephen Romanoff
Sep 1, 2015	Instabridge	$3.0M Series A	—	Ambridge Capital, Balderton Capital, DST Global, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, Sequoia Capital, Target Global, TCV, Tiger Global Management, Andrew Nutter, Christopher Zemina, Matteo Gamba, Stephen Romanoff
Jul 1, 2015	Revolut	$2.0M Seed	—	Ambridge Capital, Balderton Capital, DST Global, Index Ventures, Jigsaw VC, Lakestar, Pario Ventures, Playfair Capital, Samsung NEXT Ventures, Sequoia Capital, SLVC, Target Global, TCV, Tiger Global Management, UpHonest Capital, UP.Partners, Andrew Nutter, Christopher Zemina, Matteo Gamba, Stephen Romanoff
Oct 1, 2014	Instabridge	$1.0M Venture Round	—	Flex Capital, Gradient Ventures, Illuminate Ventures, Ben Davenport, Ambridge Capital, Andrew Nutter, Balderton Capital, Christopher Zemina, DST Global, Index Ventures, Jigsaw VC, Lakestar, Matteo Gamba, Pario Ventures, Playfair Capital, Sequoia Capital, Stephen Romanoff, Target Global, TCV, Tiger Global Management

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Badhouse Ventures.

Ralph Baddour

Managing Director

Leadership Team

Key people at Badhouse Ventures.

Ralph Baddour

Managing Director

Deep Dive

Badhouse Ventures is a pre-seed venture capital firm based in Vancouver, Canada, specializing in early-stage software startups. Their mission is to bridge the funding gap for ambitious, data-driven software companies at the beta-version stage by providing initial capital (up to $150k) alongside hands-on operational support. They focus on sectors including fintech, AI, health tech, and blockchain, aiming to help founders transition from prototype products to VC-led seed rounds. Badhouse acts almost like a minority co-founder, offering mentorship, strategic advice, and in-kind services to accelerate growth and product development[1][2][4].

Founded with a focus on addressing the acute pre-seed funding gap in Western Canada, Badhouse Ventures supports startups primarily in this region but also invests in the USA. The firm is led by Ralph Baddour, who brings extensive early-stage investment experience across North America and Europe. Badhouse’s approach emphasizes active involvement in portfolio companies, leveraging a strong network of industry experts to foster innovation and operational excellence. Their investment thesis targets startups building smarter communities and smarter data systems, with a preference for software solutions in SaaS, web3, and AI[1][3][4].

Core Differentiators

Unique Investment Model: Focus on pre-seed stage with checks ranging from $10k to $150k, filling a critical funding gap between beta products and seed rounds.
Hands-On Support: Provides operational assistance, mentorship, strategic advice, and acts as a minority co-founder to help startups scale.
Network Strength: Access to a top-tier network of mentors, advisors, and venture partners.
Geographical Focus: Strong preference for startups in Western Canada, addressing regional funding disparities.
Sector Focus: Concentration on software startups in fintech, AI, health tech, and blockchain, emphasizing data-driven innovation[1][2][3][4].

Role in the Broader Tech Landscape

Badhouse Ventures rides the trend of increasing demand for early-stage software innovation, particularly in data-centric and community-focused technologies. The timing is critical as many founders struggle to secure funding after developing beta versions but before attracting larger VC rounds. By targeting this niche, Badhouse helps accelerate the commercialization of innovative software solutions, contributing to the growth of the Western Canadian startup ecosystem and beyond. Their active operational involvement helps reduce startup risk and increases the likelihood of successful scaling, influencing the broader venture capital landscape by demonstrating the value of hands-on, early-stage support[1][4].

Quick Take & Future Outlook

Looking ahead, Badhouse Ventures is well-positioned to expand its influence by continuing to fill the pre-seed funding void, especially in underfunded regions like Western Canada. As software innovation in AI, blockchain, and health tech grows, Badhouse’s focus on data-driven startups aligns with major market trends. Their hands-on model may become increasingly important as startups seek not just capital but strategic partners to navigate early growth challenges. The firm’s evolution will likely involve scaling its network and portfolio while maintaining its operator-driven approach, potentially setting a benchmark for pre-seed venture capital globally[1][4].

Sources

Core Differentiators

Unique Investment Model: Focus on pre-seed stage with checks ranging from $10k to $150k, filling a critical funding gap between beta products and seed rounds.
Hands-On Support: Provides operational assistance, mentorship, strategic advice, and acts as a minority co-founder to help startups scale.
Network Strength: Access to a top-tier network of mentors, advisors, and venture partners.
Geographical Focus: Strong preference for startups in Western Canada, addressing regional funding disparities.
Sector Focus: Concentration on software startups in fintech, AI, health tech, and blockchain, emphasizing data-driven innovation[1][2][3][4].