Positioning Intelligence · Competitive Landscape

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Venture Capital Fund Competitive Positioning Landscape — Baltics (February 2026)

Analysis of BADideas.fund by THEO Growth — positioning intelligence for brand strategists.

Methodology

This report uses the THEO Competitive Positioning Analysis (CPA) methodology — a structured 7-step framework that maps competitive landscapes across multiple dimensions: positioning territories, credibility archetypes, messaging convergence, go-to-market motions, and strategic forks. Data is sourced from competitor websites, public filings, market research, and proprietary intelligence extraction. Each competitor is scored on a 20-point scale measuring alignment intensity, market overlap, and strategic threat level. The analysis identifies owned, contested, and unoccupied positioning territories, then recommends specific strategic actions (OWN, AMPLIFY, NEUTRALIZE, MONITOR) to strengthen the client's competitive position.

Landscape Summary

8 of 16 competitors score Critical (16-19), with DEPO Ventures the most dangerous at 19/20 due to identical hybrid model and CEE focus. The remaining 8 score High (12-15). Zero competitors score Medium or Low — every analyzed fund poses significant competitive pressure.

Competitor Analysis (16 competitors)

Selected from 57 category stakeholders identified in the market.

Competitor	Score	Threat Level	Website
DEPO Ventures	19/20	Critical	https://depoventures.com/
Presto Ventures	18/20	Critical	https://www.prestoventures.com/
Change Ventures	18/20	Critical	https://www.changeventures.com/
Superangel	18/20	Critical	https://superangel.io
Movens Capital	17/20	Critical	https://movenscapital.com/
Startup Wise Guys	16/20	Critical	https://startupwiseguys.com/
ZAKA VC	16/20	Critical	https://zaka.vc/
Outlast Fund	16/20	Critical	https://www.outlastfund.com/
Practica Capital	15/20	High	https://practica.vc/en/news/practica-capital-closes-eur80-million-fund-committed-to-early-stage-investments-in-the-baltics
FIRSTPICK	15/20	High	https://firstpick.vc
LAUNCHub Ventures	14/20	High	https://launchub.com/
Day One Capital	14/20	High	https://dayonecapital.com/
Spring Capital	13/20	High	https://springcapital.ee/
Superhero Capital	13/20	High	https://superherocapital.com
Conor Venture Partners	12/20	High	https://www.crunchbase.com/organization/conor-venture-partners
Lemonade Stand	12/20	High	https://lemonadestand.ee/

Positioning Territories

Owned: Pan-Baltic Institutional Pioneer, Largest Baltic Seed Fund, Europe's Leading B2B Accelerator, Transatlantic Bridge to US Market
Contested: Operator-Led Smart Money, Fastest Fund in the Region, CEE-to-Global Launchpad, Founder-Friendly Terms Champion
Unoccupied: Community-Powered Investment Platform, Contrarian Thesis Investor (BAD Ideas), Latvia's Anchor VC Fund, Founder Lifecycle Partner

Positioning North Star

From: Another operator-led CEE VC fund claiming 'smart money' and 'hands-on support'

To: The community-powered investment platform where 250 operators bet on the ideas others pass on

Strategic Pillars:

Community-Powered Capital: 250+ operators co-invest deal-by-deal — not advisory
Contrarian Conviction: Built for founders whose ideas sound bad to conventional VCs — until they work.
Operator Matching at Scale: Systematic matching of founders to specific operators for specific challenges.

Venture Capital Fund Competitive Positioning Landscape — Baltics 2026

Competitive positioning landscape for Venture Capital Fund in Baltics (2026). Comprehensive competitive landscape analysis covering positioning territories, credibility archetypes, and strategic actions. Analysis of BADideas.fund by THEO Growth — positioning intelligence for brand strategists. Key competitors analyzed: DEPO Ventures, Presto Ventures, Change Ventures, Superangel, Movens Capital. Sources: DEPO Ventures (https://depoventures.com/); Presto Ventures (https://www.prestoventures.com/); Change Ventures (https://www.changeventures.com/); Superangel (https://superangel.io); Movens Capital (https://movenscapital.com/); Startup Wise Guys (https://startupwiseguys.com/); ZAKA VC (https://zaka.vc/); Outlast Fund (https://www.outlastfund.com/). 8 of 16 competitors score Critical (16-19), with DEPO Ventures the most dangerous at 19/20 due to identical hybrid model and CEE focus. The remaining 8 score High (12-15). Owned positioning territories: Pan-Baltic Institutional Pioneer, Largest Baltic Seed Fund, Europe's Leading B2B Accelerator.

Unoccupied positioning territories: Community-Powered Investment Platform, Contrarian Thesis Investor (BAD Ideas), Latvia's Anchor VC Fund
Contested territories: Operator-Led Smart Money, Fastest Fund in the Region, CEE-to-Global Launchpad
Highest-priority competitors: DEPO Ventures (score: 19), Presto Ventures (score: 18), Change Ventures (score: 18)
Positioning north star: from Another operator-led CEE VC fund claiming 'smart money' and 'hands-on support' to The community-powered investment platform where 250 operators bet on the ideas others pass on
View full interactive research report with detailed competitor reasoning, alignment scores, and strategic rationale

Venture Capital Fund Positioning Landscape — Baltics 2026 | THEO Growth

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Venture Capital Fund Competitive Positioning Landscape — Baltics 2026

Venture Capital Fund Positioning Landscape — Baltics 2026 | THEO Growth

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