Latvian Outlast Fund closes €21M debut fund and invests in 4 more companies
Latvian Outlast Fund has closed its first fund at €21M to invest in Pre-Seed and Seed-stage startups from the Baltic-Nordic region.
The fund has kickstarted its activity by investing in 5 startups even before the fund was closed. Those include:
Convershake is an artificial intelligence-based platform that helps businesses extract useful insights from conversations. The platform automatically analyzes conversations to highlight key decisions, actions, and conclusions relevant to specific goals and roles. The company was founded in Riga, Latvia in 2024.
Mia Health is a company that provides personalized health recommendations based on individual needs and health profiles. Founded in 2023 in Norway by Valeria Gaitan.
Aggregate Markets is a new generation marketplace for building materials. The company was founded in 2023. Its headquarters are located in Indianapolis, USA.
Vitala - the company has developed the Vitala Care Portal, which allows healthcare professionals to prescribe and monitor individualized exercises for patients with chronic diseases. Vitala was founded in 2020 and is headquartered in Stockholm, Sweden.
In August 2025 Outlast Fund invested in a Latvian biometric startup Handwave.
Outlast Fund is a venture company focused on early stage startups in the Nordic and Baltic regions. Outlast Fund focuses on investments in B2B software-based startups at pre-seed and seed stages. The fund also invests in first-time founders who possess unique and specific insights within their chosen verticals. The Outlast Fund was announced in 2024. Founders: Egita Polanska, Marija Ručevska, Kristaps Prusis and Mikaela Pedersen.
