Outlast Fund Establishes €21 Million Fund to Empower Baltic-Nordic Startups
Outlast Fund has raised €21 million in its debut initiative to support pre-seed and seed-stage startups across the Baltic and Nordic regions. With locations in both Riga and Stockholm, the fund seeks to become a leading force in financing early-stage innovation in these areas.
Outlast Fund, a venture capital firm with a focus on the Baltic and Nordic regions, has successfully closed its debut fund at €21 million. The new fund will target pre-seed and seed-stage startups, providing crucial early-stage financing to foster innovation and entrepreneurship in the region. The fund is strategically positioned in both Riga and Stockholm, indicating its commitment to bridging these vibrant startup ecosystems.
The €21 million debut fund is a significant leap for the Baltic-Nordic startup scene, which continues to grow and attract global attention. By concentrating on pre-seed and seed-stage companies, Outlast Fund intends to inject vital capital into nascent ventures that have the potential to scale and make a global impact.
David Hansen, one of the managing partners, emphasizes the importance of supporting local founders who have innovative ideas yet lack the early-stage funding necessary to bring their projects to life. He believes that this fund not only provides financial backing but also mentorship and access to a network of seasoned entrepreneurs and investors.
Outlast Fund’s dual base in Riga and Stockholm reflects its strategic intent to leverage the strengths of both regions. The Baltic states have emerged as fertile grounds for tech startups, with Latvia, Estonia, and Lithuania rapidly gaining recognition for their dynamic and innovative tech sectors. Meanwhile, the Nordic countries continue to lead in various technology domains, offering robust infrastructure and a skilled workforce.
This initiative mirrors a broader trend in the VC world, where investors are increasingly recognizing the untapped potential outside traditional tech hubs like Silicon Valley. By focusing on the Baltic-Nordic axis, Outlast Fund aims to uncover and nurture talent that might otherwise go unnoticed.
The investment strategy is clear: focus on sectors with high growth potential, such as AI-driven solutions, fintech, green technology, and digital health. The Outlast Fund team brings a wealth of experience in these areas, enhancing their ability to identify and support standout startups.
As the fund begins to deploy capital, it will be looking closely at emerging trends in AI and technology, sectors where both the Baltic and Nordic countries are making significant strides. This focus is anticipated to not only benefit local economies but also contribute to a more diverse global tech landscape.
For more details, visit the original news article here.
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