Tallinn-founded startup Flashka raises €1M pre-seed to expand AI study app

Flashka, a Tallinn-founded startup which develops an AI-driven study app for university students, has closed a €1 million pre-seed round led by Outlast Fund, a Nordic-Baltic early-stage VC. Flashka will use the funding to grow its team and enhance product development, Tech.ua reports. 

About Flashka

• Flashka is an education technology startup founded in 2023 by Stefan Djokovic, David Djokovic, and Simone De Marchi. The platform helps university students master complex subjects through automated flashcards, quizzes, and personalized learning tools that adapt to individual study needs.

• According to the company, Flashka reached over one million users and becoming one of the most popular study apps in Italy and Spain. The company is now expanding its user base across the DACH region while continuing to enhance its adaptive learning technology.

“For too many students, AI is currently used only as a shortcut. Flashka is a part of the countermovement where a new generation of students uses its features daily as a way to deepen their learning, not avoid it,” said Kristaps Prusis, Founding Partner of Outlast Fund. 

Investment details

The round was led by Outlast Fund, a Nordic-Baltic early-stage VC. Additional investors in the round include UCP and Vento Ventures.

• Outlast Fund is a Riga- and Stockholm-based venture capital firm investing in early-stage startups in the Baltics and Nordics, focusing on B2B SaaS, digital health, and fintech.

• In September 2025, Outlast Fund has closed €21 million to back early-stage startups in Baltics and Nordics.

Flashka will use the new funding to expand its remote tech team and fast‑track product development, introducing personalized analytics, social learning tools, and wider support for diverse study formats.

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