Outlast Fund

The firm operates from two hubs—Riga and Stockholm—and emphasizes deep local connectivity. It accepts both warm introductions and cold outreach, provided the pitch is brief, direct, and demonstrates a clear problem worth solving. In late 2023, Outlast launched a program called Shipyard to engage founding teams before they meet traditional fundability thresholds, signaling a sourcing model that reaches earlier than most regional peers.

Outlast reserves up to €1.5 million in follow-on capital for portfolio companies that deliver on early milestones. The firm describes this as ‘muscle capital’ intended to help teams scale fast after proving traction, rather than a pro-rata entitlement. The initial fund size of €21 million is structured to allow concentrated follow-on deployment without spreading the portfolio too thin.

The firm states it both leads and follows, but ‘never stands on the sidelines.’ That language suggests a willingness to set terms or price rounds when the opportunity fits, but also comfort participating in syndicates where another investor takes the lead. No disclosed track record of solo-led rounds exists in the firm’s current public materials.

Outlast Fund does not publish an explicit exclusion list, but its website makes clear it will not fund napkin-stage ideas or academic projects without an execution plan. Marketplaces and consumer apps face a higher bar: the firm requires real traction, including revenue, before considering them. This implies a de facto avoidance of pre-revenue consumer plays and speculative science with no commercial path.

The firm targets a two-to-three-week decision cycle, assuming founders are responsive and transparent. Its described process—customer calls, product demo, market and team deep-dive, and data-room review—is compact relative to many institutional seed funds, reflecting the small team and concentrated mandate.

Outlast Fund’s website does not list named principals or an investment committee. No public filings or press profiles provide individual decision-maker names. This is unusual for a fund actively soliciting founder relationships and may reflect an early-stage team that has not yet formalized public-facing leadership roles.

Outlast positions itself as a local, deeply connected player with a pan-regional lens rather than a satellite office of a larger Nordic or European fund. Its dual headquarters in Riga and Stockholm and its €21 million fund size suggest a firm built from the ground up for the Baltic-Nordic corridor, rather than a generalist European fund with a regional allocation.