Baltic-Nordic VC Outlast Fund closes €21M to back early-stage startups in Baltics and Nordics
Outlast Fund, a Baltic-Nordic VC fund, has closed its first fund at €21 million to invest in pre-seed and seed-stage startups from the region.
About Outlast Fund
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Outlast Fund is a venture fund based in Riga and Stockholm, dedicated to supporting early-stage startups in the Baltics and Nordics. It offers initial pre-seed investments up to €250,000 and seed rounds of up to €1.5 million.
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The fund focuses on backing founders who are building sustainable, long-term companies, prioritizing problem-solving solutions over quick exits.
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Outlast Fund seeks out serial entrepreneurs with proven track records, as well as first-time founders with unique insights in their chosen verticals, particularly in sectors such as B2B SaaS, digital health, and fintech.
“At Outlast Fund, we believe that the real breakthroughs happen at the edges. This fund is built for the outliers. Rather than competing in the crowded middle, the focus is on being the very first check – either assembling a syndicate around an overlooked gem or partnering early with founders chasing global scale,” says Marija Rucevska, Outlast Fund co-founding GP
Investment details
Outlast Fund is backed by anchor LP ALTUM, the Latvian Development Finance Institution, the European Union’s European Regional Development Fund (ERAF), and various high-net-worth individuals and family funds, including the likes of such operators as Davis Siksnans, Andrius Biceika and Gravity Team.
The fund already invested in 5 startups. Those include Latvian Handwave and Convershake, Norwegian MIA Health, Estonian Aggregate Markets and Swedish Vitala.
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https://en.ain.ua/2025/09/18/outlast-fund-closes-eur21m/