/Investor DB

Tera Ventures

Venture capitaloperating company · company profile

Tallinn · Pre-Seed–Seed · 9 people tracked

Find your way into Tera Ventures

5,311 people in our graph can introduce you to the Tera Ventures team.

Sign up to see every warm intro you have to Tera Ventures

  • Paths you didn't know you had: your email and LinkedIn already hold routes to the Tera Ventures team. We find them
  • 2nd- and 3rd-degree connections: the friend-of-a-friend routes you can't see from your own inbox or LinkedIn
  • Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

✨ Fox Verdict
Sign up to see your fit

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.

Stage
Pre-Seed–Seed
HQ
Tallinn, EE
Leads rounds
Leads
Instruments
Equity
Founded
2016
Tracked investments
45
Acquisitions
2

Team · 9 people

from the firm's website & public directories

Founder 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 companies

SaaS ×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 companies
44%
solo founders
7 of 16 mapped founding teams
56%
repeat founders
of 18 founders with career history
~3.5 yrs
old at investment
median across 8 dated deals

Founding 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

Techstars ×2

Investments · 45 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12023 · 22022 · 42019 · 12017 · 12015 · 12011 · 112 dated

Miros AImiros.aiin✓ verified

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

Secfensesecfense.comin𝕏Mar 2022✓ verified

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

Lingvistlingvist.comin𝕏Oct 2015

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

10Lines10linesrobots.comin

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 Clearingaiclearing.cominAug 2023

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

Avokaadoavokaado.ioin

Co-investorsCreative Destruction Lab (CDL)Particle

Botguardblackwall.comin

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 Labsbrainbaselabs.comin𝕏Feb 2019 · $1M

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

Cinogetcino.comin𝕏

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

Cinocino.io

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

Cleveroncleveron.comin𝕏Sep 2023

Cleveron develops robotics, parcel lockers, and software for last-mile parcel automation and delivery logistics.

HardwareLogistics & Supply ChainRetail TechRobotics

Co-investorsTrind Ventures

Clevonclevon.com𝕏Acquired

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

Defendecdefendec.com

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

Flowstepflowstep.aiin𝕏Jun 2025 · $2.6M

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

Flowstepflowstep.com

Kaarel Roben(Founder)Matt Clannachan(Founder)Sami Nieminen(Founder)Svyat Polishchuk(Founder)

Co-investorsAdesso ventures

GrabCADgrabcad.comin𝕏Dec 2011acquired by Stratasys

Advanced ManufacturingDeep TechFintechHardwareSaaSCambridge, US

Indrek Narusk(Founder)inHardi Meybaum(Founder)in

BoardDavid Skok(Director)in

Co-investorsAsimov VenturesHeuristic Capital PartnersMatrixNextView VenturesTechstarsAtlas Venture

Jobbaticaljobbatical.comin𝕏Sep 2017 · $4M

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 Financemalcomfinance.comin

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

Mifundomifundo.comin

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

Monesemonese.comin𝕏

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

Montoniomontonio.cominApr 2022 · $12M

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

Multiplymultiply.coin𝕏

Multiply builds an AI platform designed for creative professionals that adapts to individual workflows rather than imposing standardized processes.

AI & Machine LearningCreator EconomyMarketing TechSaaS

Co-investorsAntler

Multiplymultiply.aiin

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

RealEyesrealeyesit.comin𝕏

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

Rendinrendin.eeinMar 2024

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

Scoroscoro.comin𝕏

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 Basketballsiqbasketball.comin𝕏May 2022 · $3M

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

Siqballsiqball.com𝕏

SIQ makes a smart basketball with an embedded sensor that pairs with a companion app to track shots and provide real-time shooting analytics such as makes/misses, swishes, consistency, release time, and shot type.

HardwareIoTSports Tech

Snackablesnackable.aiOct 2022

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

Supersimplesupersimple.ioin𝕏

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

Thinnectthinnect.comin𝕏

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 Commercetwicecommerce.comin𝕏

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 1

GrabCADacq. by Stratasys

Portfolio news

latest coverage across their companies

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 team

Craziest 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

Similar investors

Featured in lists