Outlast Fund is bringing fresh energy to the Baltic and Nordic startup scene with the launch of its brand-new €21M early-stage fund. While proudly sector-agnostic, the team’s deep experience in B2B SaaS, fintech, and digital health gives them a strong edge. Backed by institutional investors like ALTUM and the European Regional Development Fund, as well as seasoned entrepreneurs and investors, the fund has already hit the ground running with five exciting investments across Latvia, Norway, Estonia, and Sweden.
Outlast Fund is on the lookout for bold builders—whether serial entrepreneurs ready to dream even bigger, or first-time founders armed with unique insights and unstoppable drive. What matters most? A relentless passion for solving customers’ toughest challenges. From lean, angel-backed teams to ambitious founders chasing global-scale funding, Outlast is ready to be the very first cheque on the table, supporting founders from day one.
“At Outlast Fund, we believe breakthroughs happen at the edges. This fund is built for the outliers. Instead of competing in the crowded middle, we focus on being the very first cheque—whether it’s assembling a syndicate around an overlooked gem or partnering early with founders on a mission to go global,” says Marija Rucevska, Outlast Fund co-founding GP.
With Stockholm buzzing as one of Europe’s hottest startup hubs and the Baltics rapidly rising as a global success story in the making, Outlast Fund’s cross-regional bridge feels like a perfect match—pairing Sweden’s startup maturity with the Baltics’ explosive growth.
“Having spent a decade collaborating with founders in Stockholm’s vibrant venture ecosystem, I see the same spark today in Riga that Stockholm had in its early days. It’s an incredible moment to invest,” says Kristaps Prūsis, Outlast Fund co-founding GP.
The fund’s founding team combines the best of both worlds: founders who’ve built and exited companies, operators who’ve scaled global startups, and investors with sharp instincts for spotting potential. The four GPs—Egita Polanska, Marija Rucevska, Mikaela Pedersen, and Kristaps Prusis—bring together an exceptional mix of experience across TechStars, Startup Wise Guys, Helve, VNTRS, and more. This unique blend enables them to guide founders through the earliest and most critical stages, from shaping go-to-market strategy to positioning for long-term growth.
“Startups at pre-seed deserve more than capital. They deserve conviction, belief, and partners who will stand with them all the way. A first-check fund validates founders early, helps refine their product and story, and unlocks opportunities with talent, customers, and future investors,” says Egita Polanska, Outlast Fund GP.
While open to all industries, the team’s networks and passion give them an extra boost in B2B SaaS, digital health, and fintech—sectors where they’re particularly excited to support founders tackling real-world challenges with cutting-edge solutions.
Before the fund even closed, Outlast had already invested in 5 promising startups – Handwave from Latvia; biometric authentication made seamless, Convershake, also from Latvia; AI-powered SaaS for smarter contact centers, Norwegian MIA Health, a digital health companion for lifelong heart health, Estonian Aggregate Markets; a next-generation marketplace for construction aggregates, and Swedish Vitala; reimbursable exercise prescriptions for chronic care management.
Outlast Fund’s anchor backers include ALTUM, the European Regional Development Fund, and leading operators and investors such as Davis Siksnans (CEO of Printful, Latvia’s first unicorn), Andrius Biceika (who helped scale Revolut), and Gravity Team (a global leader in algorithmic trading and liquidity provision).
