Outlast Fund, a venture capital entity based in Riga, Latvia, has emerged from stealth, aiming to support ambitious startup founders across the Nordic and Baltic regions. The fund is dedicated to fostering companies that prioritize long-term success over short-term gains. By offering more than just financial backing, Outlast Fund plans to provide consistent partnership to startups, assisting them through challenges and growth phases.
In earlier reports, venture capital trends in the Nordics and Baltics have shown increasing interest in tech-driven startups, particularly in sectors like fintech and SaaS. Outlast Fund’s approach aligns with these trends by targeting B2B software startups at early stages. Previously, region-specific funding initiatives often focused on later-stage investments, leaving early-stage ventures with fewer options. Outlast Fund’s entry into the arena addresses this gap by providing significant capital at the pre-seed and seed stages.
What is Outlast Fund’s Investment Strategy?
Outlast Fund, founded by Marija Rucevska and her team, places its investment focus on pre-seed and seed-stage financing, with particular interest in B2B software-driven startups. Although the fund operates without a strict industry preference, it shows a keen interest in sectors like SaaS, fintech, and cybersecurity. By emphasizing these areas, Outlast Fund aims to capture a diverse range of innovative technologies and solutions.
Who Partners with Outlast Fund?
Outlast Fund has established a key partnership with ALTUM, a financial institution based in Riga, which acts as its anchor limited partner. ALTUM is renowned for its commitment to economic development in Latvia through public support that complements private financial markets. Their collaboration with Outlast Fund is expected to bolster economic growth by providing necessary financial instruments to support venture capital investments in the region.
ALTUM’s involvement with Outlast Fund highlights its role in supporting various stages of business development, from startups to large-scale projects lacking private financing. This partnership not only enhances the financial support available to startups but also solidifies ALTUM’s influence in promoting enterprise growth and innovation within Latvia and beyond.
Outlast Fund’s financial strategy typically involves leading pre-seed funding rounds with investments up to €250,000, and extending their support to seed rounds with contributions up to €1.5 million. This approach provides startups with a robust financial foundation essential for scaling and achieving their long-term goals.
The recent emergence of Outlast Fund signifies an important development in the venture capital landscape of the Nordic and Baltic regions, offering fresh opportunities for early-stage startups. By focusing on sustainable growth and innovation, the fund aims to create impactful success stories. Entrepreneurs and startups in these regions can benefit from the fund’s strategic partnerships and financial backing, paving the way for future advancements in technology and business solutions.
