VNTRS / Outlast Fund

Outlast Fund, a venture capital initiative supported by Swedish-Baltic investment expertise and backed by key institutional partners, is accelerating the growth of early-stage startups in the Baltics and Nordics and reinforcing Latvia’s position as a dynamic hub for innovation.

Launched with strong roots in both Riga and Stockholm, Outlast Fund closed its first fund at 21 million to provide critical early-stage capital and strategic support to founders building companies designed to endure and scale globally.

Outlast Fund was founded by an experienced team of investors and operators, including Egita Polanska, Marija Rucevska, Mikaela Pedersen, and Kristaps Prūsis — the latter bringing insights from his work with the Nordic-Baltic venture studio VNTRS and extensive VC experience.

“Our goal is to help Baltic founders accelerate their growth, test products in Sweden and the Nordics, and scale into larger European or global markets,” says Kristaps Prūsis.

A strong backing from both institutional and private investors has been crucial to Outlast’s launch and early momentum. The fund’s anchor limited partner is ALTUM (Latvia’s state development finance institution), alongside support from the European Regional Development Fund (ERDF).

Outlast Fund’s establishment in Latvia reflects the country’s growing appeal as a base for venture capital activity. With favorable legislation for startups, improved access to funding and rapid ecosystem growth, Latvia offers fertile ground for early-stage innovation — a trend Outlast is intent on supporting and magnifying.

By combining Nordic investment perspectives with Baltic entrepreneurial energy, Outlast Fund is not only providing capital — it’s building a bridge for founders who aspire to make lasting impact on the global stage.