Latvian venture capital fund Outlast Fund has announced the start of its operations to back bold and visionary founders in CEE. The new fund will focus on B2B software-driven startups from Baltic and Nordic countries. Outlast Fund shared the news on their LinkedIn.
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Outlast Fund is a Riga-based VC fund founded by Egita Polanska, Marija Rucevska, Kristaps Prusis, and Mikaela Pedersen. It will offer government-backed financial instruments such as loans, guarantees, and venture capital investments to early-stage startups.
“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 is our way of giving back to the incredible ecosystem that shaped us and contributing to the creation of global success stories from this region,” the company commented.
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The fund’s main focus is on B2B software-driven pre-seed and seed-stage startups. Also, the fund industry is agnostic but the team prefers ventures in SaaS, fintech, cybersecurity, e-commerce enablers, as well as beyond.
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The fund plans to typically lead funding rounds with pre-seed investments of up to €250,000, going up to €1.5 million seed rounds.
Although Outlast Fund has partnered with ALTUM, their anchor LP that is a financial institution committed to encouraging economic growth in Latvia by providing public support that complements the private financial market.
