Outlast Fund

What Outlast Fund does

Outlast Fund is a Baltic-Nordic venture capital firm that invests at the pre-seed and seed stages across the Baltics and Nordics. Established in 2025 and headquartered in Riga (Latvia) with a second headquarters in Stockholm (Sweden), the fund operates with a €21 million AUM base anchored by ALTUM (€18.6M) under the European Regional Development Fund's Pre-Seed and Seed Stage Venture Capital Fund program, supplemented by individual operator-LPs including the CEOs of Printful and a Revolut Supervisory Council member. Investment tickets range from €50,000–€250,000 at pre-seed up to €1.5 million at seed, with follow-on capital reserved for portfolio companies that demonstrate traction.

The fund's core product is generalist early-stage capital, deployed across five stated verticals: B2B SaaS, AI Infrastructure & Applied AI, Digital Health, Fintech, and Deep-tech & Hard Science. The team operates a hybrid distribution approach combining direct pitches (via an Airtable pitch form), warm introductions through accelerator and co-investor networks, regional event presence (TechChill and Baltic/Nordic summits), and a flagship structural partnership with Shipyard — Latvia's AI company-building network — providing €50K+ inception tickets to accelerator cohorts targeting 40 teams over 16 months. A digital marketing layer (website, LinkedIn, Instagram, newsletter) supports top-of-funnel brand presence.

Outlast Fund's revenue model is standard VC economics: management fees on committed capital and carried interest on realized exits. The entity is registered in Latvia as Outlast Fund AIFP, SIA, and has published SFDR sustainability disclosures. The four-person founding GP team (Kristaps Prusis, Egita Polanska, Marija Rucevska, Mikaela Pedersen) plus CFOO Laima Staune collectively bring experience spanning VNTRS (50 prior investments, 5 exits), Techstars Seattle, Startup Wise Guys, Helve, and TechChill. Active portfolio companies include Handwave (biometric payments), Flashka (AI education), Spotwise (agentic AI for broadcast media), Deep Space Energy (space radioisotope power), Superpal (AI coworker), Prenew (refurbished gaming PC marketplace), Trace.Space, MIA Health, Vitala, Aggregate Markets, and Convershake.

Name

Outlast Fund

Legal name

Outlast Fund AIFP, SIA

Website

https://www.outlastfund.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Outlast Fund is a €21M Baltic-Nordic venture capital fund founded in 2025 and headquartered in Riga and Stockholm, investing €50K–€1.5M at pre-seed and seed stages across B2B SaaS, AI, digital health, fintech, and deep-tech startups in the Baltics and Nordics.

Ownership category

akta.pro rank

Product category

Venture Capital

akta.pro primary industry

Secondary Venture Funds (VC Secondaries) (FSANAAAK)

Keywords

• Venture capital fund
• Pre-seed investments
• Seed-stage capital
• Startup equity funding
• Early-stage venture

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Investment Returns and Fund Management: Outlast Fund generates returns through equity investments in early-stage startups. The fund earns management fees and carry on successful exits from portfolio companies. Returns are realized through follow-on rounds, acquisitions, or IPOs of portfolio companies.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Outlast Fund is a Baltic-Nordic venture capital fund that invests €50K–€250K at pre-seed and up to €1.5M at seed in early-stage technology startups, with reserved follow-on capital for portfolio companies that demonstrate traction. The firm operates from dual headquarters in Riga and Stockholm, targets B2B SaaS, AI infrastructure, digital health, fintech, and deep-tech verticals, and provides operator support beyond capital through its four founding general partners.

Product overview

Outlast Fund is a venture capital firm offering a single investment product focused on early-stage funding (pre-seed and seed) across the Baltic and Nordic regions. The fund provides initial cheques of €50-250K at pre-seed and up to €1.5M at seed stage, with capital reserved for follow-on investments in successful portfolio companies. A supplementary offering through the Shipyard partnership provides inception tickets to AI startup teams in accelerator cohorts.

Differentiator

Problem solved

Functional benefit

Products and services

• Outlast Fund Pre-Seed and Seed Investment Program Equity investment program offering €50,000–€250,000 initial tickets at pre-seed and up to €1,500,000 at seed stage, targeting early-stage technology startup founders across the Baltics and Nordics with working products or MVPs. Reserved follow-on capital is allocated for portfolio companies that demonstrate traction. The program covers B2B SaaS, AI infrastructure and applied AI, digital health, fintech, and deep-tech/hard science verticals.
• Shipyard Partnership Capital Layer A dedicated inception capital offering of €50,000+ tickets to high-potential AI startup teams graduating from the Shipyard AI company-building accelerator in Latvia. Targets 40 teams over a 16-month program window with emphasis on consistent execution over polished pitch decks.

Quantifiable outcome

• 50% of Shipyard program completers became revenue-generating
• +5 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship and core.

• ShipyardflagshipStrategic or Co-development Partner · 29 April 2026Strategic partnership with Latvia's AI company-building network to introduce an early-stage capital layer for Baltic AI builders. Outlast Fund offers €50K+ inception tickets to high-potential teams from Shipyard's cohorts. Partnership targets 40 teams over 16 months with focus on consistent execution over polished pitch decks.
• VNTRScoreStrategic or Co-development Partner · 17 September 2025VNTRS is the leading venture studio in the Nordics and the establishment partner of Outlast Fund. The fund was established through VNTRS's support and expertise, with founding GP Kristaps Prusis having previously founded VNTRS with 50 investments and 5 exits. VNTRS supports the Shipyard initiative alongside Outlast Fund.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Practica Capital: Lithuania-based early-stage venture capital fund investing across the Baltics and broader CEE region. Direct peer in geography and stage focus, with overlapping deal sourcing in the Baltic-Nordic ecosystem; led the Handwave seed round in which Outlast participated.
• FIRSTPICK: Baltic-region pre-seed and seed fund focused on founders from CEE and CIS. Direct peer investing in similar stage and geography; co-invested with Outlast in Handwave seed and led the Superpal pre-seed round alongside Outlast.
• BADideas.fund: Early-stage VC fund investing in the Baltics alongside Buildit. Direct peer in stage and geography; co-invested with Outlast in the Spotwise pre-seed round and is part of the same regional early-stage cohort of Baltic funds.
• Buildit: Estonia-based early-stage venture fund and accelerator. Direct peer in Baltics/Nordics pre-seed/seed investing; co-investor alongside Outlast Fund and BADideas.fund in the regional early-stage ecosystem.
• Antler: Global early-stage VC and accelerator active across Europe and the Nordics. Direct peer in pre-seed/seed stage with a founder-day-one investing model; led the Prenew pre-seed round with Outlast participating.
• Cherry Ventures: European early-stage VC investing in pre-seed and seed startups. Direct peer in stage and approach; led the Trace.Space seed round with Outlast participating as co-investor.
• 500 Global: Global seed-stage venture fund and accelerator. Direct peer in early-stage focus; participated alongside Outlast in the Spotwise pre-seed round, validating Outlast's deal selection to global investors.

Regional players

• Inovo.vc: Polish early-stage venture capital firm investing in CEE founders. Regional peer in CEE geography with similar stage focus and B2B SaaS orientation; co-invested with Outlast in the Handwave seed round.

Others

• VNTRS: Nordic venture studio founded by Outlast GP Kristaps Prusis and the establishment partner of Outlast Fund. Related entity that established Outlast and shares the operator ecosystem, though VNTRS operates as a venture studio rather than a fund.
• Helve: Baltic venture studio founded by Outlast GP Marija Rucevska. Related entity sharing the operator ecosystem with overlapping deal flow into the Baltic region, though Helve operates as a venture studio rather than an investment fund.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/outlastfund
• Instagraminstagram.com/outlastfund?igsh=ZGU5cmFhbm9sNWd5

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Outlast Fund