Riga-based VC Outlast Fund has introduced a new fund aimed at supporting software-driven pre-seed and seed-stage startups across the Baltics and Nordics, with ALTUM joining as an LP.
- Established in 2024 by Egita Polanska, Marija Rucevska, Kristaps Prusis, and Mikaela Pedersen, Outlast Fund is a venture capital firm focused on early-stage startups in the Nordic and Baltic regions, with a commitment to back long-term impact.
- The new fund targets leading pre-seed investments of up to €250,000 and seed rounds of up to €1.5 million, primarily focusing on key sectors including SaaS, fintech, cybersecurity, and e-commerce enablers.
"This fund is a personal journey, born out of years of inspiration from the courage and determination of founders who dream big, take risks, and make the impossible possible," Outlast Fund's team, commented on LinkedIn.
- The fund saw support from ALTUM, a Riga-based state-owned development finance institution that offers financial tools like loans, credit guarantees, and venture capital investments to address market gaps.
"We are also proud to partner with ALTUM, our anchor LP, whose support and shared vision have been instrumental in bringing Outlast Fund to life," Outlast Fund's team, stated on LinkedIn.
