Tallinn · Pre-Seed–Seed · 9 people tracked
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Investment thesis
Tera Ventures invests in early-stage, born-global digital startups at pre-seed and seed stage, focusing on world-class founders tackling large problems. AI-powered innovation sits at the core of its focus, spanning both enterprise SaaS and robotics/deeptech applications, with fintech and security as continued priority sectors. Estonia is its home market, and it also invests across Denmark, Sweden, Finland, Latvia, Lithuania, Poland and the Czech Republic. The firm is hands-on and founder-friendly, leads rounds, and supports portfolio companies through follow-on investments across early rounds. It leverages a global advisory network and has helped portfolio companies expand internationally and raise from top-tier VCs in the US, UK and Japan.
Source: firm website, verified Sep 27, 2026.
Team · 9 people
from the firm's website & public directoriesFounder mafia
2 people who came through Tera Ventures went on to found or lead other companies.
What they invest in
from 29 of 45 portfolio companiesSaaS ×15AI & Machine Learning ×10Fintech ×8Enterprise Software ×7Hardware ×5Developer Tools ×4IoT ×4Cloud Computing ×3
HQs:Estonia×9United States×5United Kingdom×3European Union×2France×1
Who they back
founder profiles across 16 portfolio companiesFounding team size:solo founder×72 founders×53 founders×24+ founders×2
Where their founders studiedfrom 14 founders with education data
University of Tartu ×6TalTech – Tallinn University of Technology ×4
What their founders studiedfrom 15 founders with field-of-study data
Business & Management ×3Computer Science ×3Economics ×2Engineering ×2
Where their founders worked beforefrom 18 founders with career history
Levercode ×2PwC ×2
Accelerator rootsportfolio companies that came through a program
Investments · 45 tracked
founders shown can be your intro pathBy year:2025 · 12024 · 12023 · 22022 · 42019 · 12017 · 12015 · 12011 · 112 dated
Miros builds an AI-driven product discovery technology that infers shopper intent from behavioural signals such as scroll velocity, clicks, and dwell time, rather than requiring shoppers to describe what they want.
AI & Machine LearningE-commerceRetail TechTallinn, EE
Co-investorsBADideas.fundLook AI VenturesMetis VenturesSnatched VenturesSpecialist VCZAKA VC
Secfense provides a platform that adds phishing-resistant multi-factor authentication, passkeys, passwordless login, and infrastructure exposure control to enterprise applications without changing application code or replacing identity systems.
CybersecurityEnterprise SoftwareSaaSSan Francisco, US
Marcin Szary(Co-founder & CEO)inTomasz Kowalski(Founder & CEO (in memoriam))
Co-investorsPresto VenturesRKKVC
Lingvist develops AI-powered language learning software that uses big data and machine learning to adapt course content in real time for individual learners.
AI & Machine LearningConsumerEdTechTallinn, EE
Mait Müntel(Co-founder)inJalakas Ott(Executive Officer, Promoter)
BoardJaan Tallinn(Director)Takahito Aiki(Director)
Board seatAndrus OksEamonn Carey· per SEC Form D
Co-investorsBallpark VenturesInventureRockaway VenturesTechstarsBlackPineInventure+2 more
10Lines manufactures autonomous robots that perform parking lot striping, enabling striping companies to increase productivity with their existing teams.
Construction TechRobotics
Co-investorsButterfly VenturesCapDecisif ManagementKaristaPerot JainButterfly
AI Clearing provides AI-powered construction intelligence using drone imagery analysis for contractors and asset owners, enabling volume calculations, progress tracking, and deviation detection on project sites.
AI & Machine LearningConstruction TechDeep TechParis, FR
Jakub ŁukaszewiczinAdam Wisniewski(Founder and CTO)inMichal Mazur(Executive Officer, Director)Michael Mazur(Founder & CEO)inFadi Shini(Director of Sales)inJames McDougall(Director)
Co-investorsFJ LabsInnovation NestInovo VCMovens CapitalPrudence
Co-investorsCreative Destruction Lab (CDL)Particle
Blackwall provides GateKeeper, a high-availability web security and traffic-filtering solution for web hosting and service providers, operating as a reverse proxy with a web application firewall to block L7 DDoS attacks, bots, brute-force attempts, and scraping.
Cloud ComputingCybersecuritySaaS
Denis Prochko(Founder)Nik Rozenberg(Founder)Nikita Rozenberg(Founder)
Co-investorsExpeditionsMMC VenturesDawn Capital
Brainbase provides an AI agent cloud platform that enables companies to build and deploy AI agents in production across any model or infrastructure.
AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US
Gokhan Egri(Founder)in
Co-investors500 Emerging EuropeFormus CapitalPioneerY CombinatorAlpha EdisonBessemer Venture Partners+10 more
Cino provides a shared virtual card solution that allows groups to automatically split expenses among members based on customizable ratios, with transactions processed through Apple Pay or Google Pay.
Fintech
Co-investorsBalderton CapitalConnect VenturesConnect VenturesHeartfelt CapitalSie Ventures
A developer-focused blog/site that publishes technical content and tooling, including an npm package offering AWS Lambda stubs to simplify unit testing of Lambda handler functions.
Developer Tools
Elena Churilova(Founder)Lina Saleh(Founder)
Co-investorsBalderton CapitalHeartfelt Capital
Cleveron develops robotics, parcel lockers, and software for last-mile parcel automation and delivery logistics.
HardwareLogistics & Supply ChainRetail TechRobotics
Co-investorsTrind Ventures
Clevon develops and manufactures autonomous delivery robots for last-mile logistics that are designed to reduce energy consumption and support climate-neutral operations.
CleantechLogistics & Supply ChainMobility & TransportationRoboticsTallinn, EE
Arno Kütt(CEO/Chairman)
Co-investorsEnvoyimec.xpandKleiner PerkinsNESsTRed Forest CapitalTrind Ventures
Defendec provides autonomous intrusion detection systems for remote border and perimeter security using rugged, battery-powered devices with AI-based image analysis.
AI & Machine LearningDefense TechIoTTallinn, EE
Co-investorsBoundary HoldingSpring CapitalTrind Ventures
Flowstep builds an AI-powered design tool that converts text descriptions into editable UI, using its "Imagination Algorithm." It is aimed at product teams looking to align and ship designs faster.
AI & Machine LearningDeveloper ToolsSaaSTallinn, EE
Svyatoslav Polishchuk(Founder)in
Co-investorsAdesso venturesDniproSupernode GlobalAngel InvestIron Wolf CapitalSpecialist VC
Kaarel Roben(Founder)Matt Clannachan(Founder)Sami Nieminen(Founder)Svyat Polishchuk(Founder)
Co-investorsAdesso ventures
Advanced ManufacturingDeep TechFintechHardwareSaaSCambridge, US
Indrek Narusk(Founder)inHardi Meybaum(Founder)in
BoardDavid Skok(Director)in
Co-investorsAsimov VenturesHeuristic Capital PartnersMatrixNextView VenturesTechstarsAtlas Venture
Jobbatical provides an automated visa and immigration compliance platform for HR teams managing international hires across 30+ countries.
Enterprise SoftwareFuture of WorkHR Tech
Karoli Hindriks(Founder)in
Co-investorsAirTree VenturesInventureInventureInveready Technology Investment GroupKarma VenturesLocalGlobe+5 more
Malcom Finance provides invoice factoring that advances companies up to 90% of an invoice's value within 24 hours, along with debtor verification, receivables management, debt collection, and non-payment insurance.
FintechLogistics & Supply ChainSaaS
Co-investorsZero Gravity CapitalLighthouse Ventures
Mifundo provides a platform that helps individuals and businesses access financing and improve their credit standing by connecting them with better loan offers from lenders across Europe.
Data & InfrastructureFintechSaaS
Co-investorsEuropean Investment BankKarma Ventures
Monese offers mobile money accounts and cards along with financial tools such as credit-building, lending, and budgeting products for consumers managing everyday finances.
ConsumerFintech
Norris Koppel(Founder)in
Co-investorsHSBCAnthemis VentureKinnevikOutward VCQVenturesSpecialist VC+4 more
Montonio provides a unified platform for online merchants to manage checkout, payments, shipping, refunds, and post-purchase operations in one system.
E-commerceFintechSaaSTallinn, EE
Kristofer Turmen(Founder)inRasmus Õisma(Founder)inKarel Nappus(Founder)inMarkus Lember(Founder)inKev Ruunek(Founder)Markus Maenpaa(Founder)
Co-investorsIndex VenturesSuperAngelFf Venture CapitalGorilla CapitalSpecialist VCCharlie Songhurst+2 more
Multiply provides AI and algorithmic advice technology for enterprise financial advisory firms, automating advisory tasks such as annual reviews, onboarding, and personalised recommendations across savings, investments, and pensions.
AI & Machine LearningEnterprise SoftwareFintechSaaSLondon, GB
Vivek Madlani(Founder)inMike Curtis(Founder)inVivek Madlani DipFA(Founder)inAshish Warty(Founder)Matt Jayson(Founder)
Co-investorsEntrepreneur FirstOctopus VenturesA*AntlerBoxGroupMayfield Fund+1 more
VerifEye is a digital identity verification platform that confirms users are real humans without adding friction or compromising privacy.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaS
Co-investorsGlobal BrainKarma VenturesMolten VenturesNordicNinjaDraper EspritNTT DOCOMO Ventures
Rendin provides rental property management and protection services for landlords in Estonia and Poland, offering background-checked tenants, financial guarantees against unpaid rent and property damage, and legal support throughout the rental process.
B2B MarketplacesFintechInsurTechLegalTechMarketplacesPropTechSaaSTallinn, EE
Alain Aun(CEO and co-founder)inMaiko Saluorg(Co-founder and marketing lead)in
Co-investorsTrueSight VenturesZAKA VCIron Wolf CapitalStartup Wise Guys
Scoro is a professional services automation platform that combines CRM, project management, billing, and reporting for services firms.
Enterprise SoftwareFuture of WorkSaaSSales Tech
Fred Krieger(Founder)in
Co-investorsColumbia Lake PartnersInventureKennet PartnersLivonia PartnersInventure
SIQ (now Spalding TF DNA) develops smart basketballs equipped with sensor technology that track performance metrics.
Digital HealthHardwareHealthtechIoTSports TechWellness & FitnessCharlotte, US
Co-investorsAlumni VenturesCharmides CapitalTechstars
Distills audio/video content into insights for customers, prospects, and audiences.
New York, US
Mari Joller(Executive Officer, Director)
BoardStanislav Ivanov(Director)in
Co-investorsAmplify.LASuperAngel
Supersimple provides enterprise search functionality that indexes and searches data across multiple connected tools like Slack, Google Drive, Notion, and Confluence, with real-time indexing and permission-aware results that respect each user's access level in the original services.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaS
Marko Klopets(Founder)inPriit Haamer(Founder)in
Co-investorsSpecialist VC
Thinnect develops Mist Computing technology, an approach to distributed edge and sensor networks.
CleantechCloud ComputingData & InfrastructureDeep TechHardwareIoT
Jurgo Preden(Founder)in
Co-investorsSpring Capital
TWICE is an operating-system-style platform for circular commerce, giving businesses one system to run rental, resale, and hybrid operations with per-unit inventory tracking, catalog and pricing management, multi-channel sales, order processing, and customer management.
Circular EconomyE-commerceRetail TechSaaS
TuomoToomasJoel
Co-investorsAnthemis VentureMission One CapitalSpecialist VCMaki.vcTesi (Finnish Industry Investment Ltd)
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Autonomous APIsCARÁCellin TechnologiesFits MeModesat CommunicationsNOW!InnovationsSelfDiagnosticsSportsIQStackendStartup WiseGuysTranformative AITransformativeVitalFields
Exits · 2
2 acquisitions · showing 1GrabCADacq. by Stratasys
Portfolio news
latest coverage across their companiesSIQ Basketball · finsmes.com · Feb 19, 2026
Flowstep · finsmes.com · Jun 27, 2025
Clevon · clevon.com · Jun 18, 2025
Frequently asked questions
- How many investments has Tera Ventures made?
- Tera Ventures has 45 tracked investments, 2 of which have exited, including 1 dated in the last 24 months.
- What stage does Tera Ventures invest at?
- Tera Ventures invests at the Pre-Seed, Seed stages.
- What sectors does Tera Ventures focus on?
- Tera Ventures focuses on AI & Machine Learning, Cybersecurity, Deep Tech, Enterprise Software, Fintech, Robotics, SaaS.
- Where is Tera Ventures located?
- Tera Ventures is headquartered in Tallinn, EE.
- Does Tera Ventures lead rounds?
- Yes, Tera Ventures leads investment rounds.
- Who does Tera Ventures co-invest with?
- Tera Ventures most often shares deals with Specialist VC, Inventure, Spring Capital, among 74 tracked co-investors.
Media · Podcasts & interviews
featuring the teamCraziest Startup Pivot to Unicorn | Tera Ventures Eamonn Carey
Startup Istanbul · Eamonn Carey
What I'm looking for when investing in startups - Eamonn Carey, Tera Ventures GP and ex-Techstars MD
The Product Show · Eamonn Carey
Startup Istanbul Interview - Andrus Oks - Founding partner of Tera Ventures
Startup Istanbul · Andrus Oks
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