Tera Ventures

Tera Ventures is a venture capital firm based in Tallinn, Estonia and focused on exceptional founders from Baltics, Scandinavia and CEE, disrupting digital space globally. Tera builds presence and networks in the markets where our portfolio companies want to expand to - the UK, the US, and Asia. With presence in Estonia, Finland, and California, Tera Ventures is supported by a global advisory network and provides portfolio companies with access to expertise and hands-on support necessary to grow from pre-seed and seed stage to successful exit. While investing we do not take a controlling shareholding as they believe that the management of the company should be adequately motivated by its shareholding in the company.

Erik Anderson

Venture Partner

David Clark

Incoming Principal (Fund III)

Stanislav Ivanov

Founding Partner

Katsuhiko Kumagai

Venture Partner

Karin Künnapas

Venture Partner

Oks, Andrus

Founding Partner

44 past transactions

Malcom Finance

Seed Round in 2022
Malcom Finance provides the fastest financing solution in the market to underserved SMEs in logistics. As the leader in inclusive SME finance in CEE, Malcom empowers the potential of small businesses and allows their owners to focus on leading a growing business.

SIQ Basketball

Seed Round in 2022
SIQ Basketball is a Los Angeles, CA-based creator of a smart basketball approved by the International Basketball Federation for game play.

Secfense

Venture Round in 2022
Secfense User Access Security Broker is a network traffic broker that learns the traffic patterns related to authentication and builds an additional security layer between users and their applications. Secfense broker is not a 2FA method. Secfense broker is a tool that enables a quick & easy setup of any 2FA method or authentication standard available on the market and introduces it without interfering with applications existing code or database. Without Secfense broker, the 2FA integration often requires changes in the apps' code and then manual check, which can take forever when there are hundreds of apps to protect. Secfense broker streamlines the process by taking over the traffic. The broker knows to which app the user wants to log in, and it asks the user to apply the 2FA method that was chosen for this specific app. Thanks to the Secfense broker the 2FA implementation process is quick & painless across the entire organization. Our customers can also easily switch to any other 2FA method available on the market connecting it with any application or device they need.

10Lines

Seed Round in 2021
10Lines is developing autonomous parking lot marking robots and technological solutions to significantly increase productivity in the industry of pavement marking. Our solutions are helping striping businesses do their work much more productively with a smaller environmental footprint.

Scoro

Series B in 2021
Scoro is the most comprehensive business management solution for creative and professional services. It helps to streamline work and eliminate routine tasks to ensure business runs as smoothly and efficiently as possible – from sales right through to billing.

Rendin

Seed Round in 2020
Rendin is a long-term home renting service that replaces security deposits and guarantees rental income.

AI Clearing

Seed Round in 2020
By putting Artificial Intelligence into practice, AI Clearing enables the construction industry to produce more and profit more. Its AI Surveyor enables fully automated construction progress tracking as well as real-time quality control. It has been used by industry leaders in the United States, Canada, Europe, and the Middle East. The company was established in 2020 and is headquartered in Austin, Texas.

BlackWall

Seed Round in 2020
Blackwall is an AI-enabled security and web infrastructure company focused on protecting web ecosystems from automated threats. Specializing in bot mitigation and web security, Blackwall provides solutions for hosting service providers (HSPs), managed service providers (MSPs), and eCommerce platforms. By securing these providers, Blackwall safeguards thousands to hundreds of thousands of websites, indirectly protecting the small and medium-sized businesses (SMBs) that rely on these services for their online presence.

Transformative AI

Seed Round in 2020
Mission: We predict life-threatening medical events so that patients and healthcare providers can prevent them. Vision: Empowering all people to enjoy longer, healthier lives.

Rendin

Pre Seed Round in 2020
Rendin is a long-term home renting service that replaces security deposits and guarantees rental income.

Snackable AI

Seed Round in 2019
Snackable AI develops a content discovery engine for the audio-first world. It enables users to share powerful moments from a video and audio easily with AI-generated chapters, highlights, and more.

Brainbase

Pre Seed Round in 2019
Brainbase is a provider of enterprise management software solutions to the club, leisure fitness and sports, foodservice, construction, attractions, metal service centres, moving and storage, education, radiology and laboratory information systems, and consumer product licencing industries. Brainbase combines every element needed to run a global licensing business at scale, allowing your team to make smarter, faster decisions.

Scoro

Series A in 2018
Scoro is the most comprehensive business management solution for creative and professional services. It helps to streamline work and eliminate routine tasks to ensure business runs as smoothly and efficiently as possible – from sales right through to billing.

Monese

Series B in 2018
Monese is a digital banking alternative that provides a mobile-only, multi-currency account fully-featured and fully localized banking experience (both its apps and its customer service.

Neon

Series A in 2018
Neon is a Brazilian fintech company established in 2016, focused on enhancing and simplifying financial experiences through technology and design. Employing over 250 individuals, Neon primarily offers a digital banking platform that allows users to manage their finances without the need for physical branches. The platform enables customers to perform various banking activities, including making payments, issuing slips, and utilizing virtual cards, all accessible via smartphones. In 2018, Neon secured 72 million reais in Series A funding from notable investors such as Propel Ventures, Monashees, and Quona, among others. To facilitate the custody and settlement of its accounts, Neon has partnered with Banco Votorantim.

Monese

Venture Round in 2018
Monese is a digital banking alternative that provides a mobile-only, multi-currency account fully-featured and fully localized banking experience (both its apps and its customer service.

Jobbatical

Series A in 2017
Jobbatical is an AI-enabled immigration and relocation platform focused on making immigration easy. Onboard team members from anywhere in the world with Jobbatical's reliable, done-for-you immigration and settle-in services. Save time, cut back on paperwork, and stay one step ahead of unexpected issues. Founded in 2014, Jobbatical has its headquarters in Tallinn, Harjumaa, Estonia.

Thinnect

Convertible Note in 2017
Thinnect is a provider of monitoring and control solutions. They offer controllers for lighting control and sensors for environmental monitoring. It also provides cloud, fog, and mist computing, patented wireless mesh, and smart environment networking technologies.

Monese

Series A in 2017
Monese is a digital banking alternative that provides a mobile-only, multi-currency account fully-featured and fully localized banking experience (both its apps and its customer service.

Scoro

Seed Round in 2016
Scoro is the most comprehensive business management solution for creative and professional services. It helps to streamline work and eliminate routine tasks to ensure business runs as smoothly and efficiently as possible – from sales right through to billing.

Jobbatical

Seed Round in 2016
Jobbatical is an AI-enabled immigration and relocation platform focused on making immigration easy. Onboard team members from anywhere in the world with Jobbatical's reliable, done-for-you immigration and settle-in services. Save time, cut back on paperwork, and stay one step ahead of unexpected issues. Founded in 2014, Jobbatical has its headquarters in Tallinn, Harjumaa, Estonia.

Thinnect

Convertible Note in 2016
Thinnect is a provider of monitoring and control solutions. They offer controllers for lighting control and sensors for environmental monitoring. It also provides cloud, fog, and mist computing, patented wireless mesh, and smart environment networking technologies.

Monese

Venture Round in 2016
Monese is a digital banking alternative that provides a mobile-only, multi-currency account fully-featured and fully localized banking experience (both its apps and its customer service.

Lingvist

Series A in 2015
Lingvist is an innovative language learning platform that uses artificial intelligence, natural language processing, and machine learning algorithms to make the learning process faster and more efficient. Lingvist is a subscription service for language learning, accessible via three platforms (web, iOS, and Android) worldwide. Lingvist was launched in 2013 and is operated from Tallinn, Estonia.

Jobbatical

Seed Round in 2015
Jobbatical is an AI-enabled immigration and relocation platform focused on making immigration easy. Onboard team members from anywhere in the world with Jobbatical's reliable, done-for-you immigration and settle-in services. Save time, cut back on paperwork, and stay one step ahead of unexpected issues. Founded in 2014, Jobbatical has its headquarters in Tallinn, Harjumaa, Estonia.

Monese

Seed Round in 2015
Monese is a digital banking alternative that provides a mobile-only, multi-currency account fully-featured and fully localized banking experience (both its apps and its customer service.

VitalFields

Series A in 2015
VitalFields is a digital agriculture company that offers an easy-to-use farm management system for farmers to plan, manage and analyze their field activities, including simplified tracking and reporting of all crop inputs to help ensure compliance with European Union environmental standards. Founded in 2011 and based in Tallinn, Estonia, VitalFields is available in several European countries.

Jobbatical

Pre Seed Round in 2014
Jobbatical is an AI-enabled immigration and relocation platform focused on making immigration easy. Onboard team members from anywhere in the world with Jobbatical's reliable, done-for-you immigration and settle-in services. Save time, cut back on paperwork, and stay one step ahead of unexpected issues. Founded in 2014, Jobbatical has its headquarters in Tallinn, Harjumaa, Estonia.

Rakuten Fits Me

Venture Round in 2014
Fit Origin is the ultimate fit recommendation solution for eCommerce fashion retailers which puts fit and body shapes at the heart of the online shopping experience. It combines garment data and shopper data to determine which size garment will fit them, the way they want to wear it. Each shopper’s measurements are calculated based on height, weight, age and body shape. Deep statistical analysis of thousands of detailed body scans allows their data scientists to use these limited data points to infer high quality information about the shopper’s measurements. Every garment is analysed by their garment technologists, taking many factors into account including silhouette, stretch and fit preference. A shopper’s body measurements are used in conjunction with garment measurements to interpret how each size will fit a shopper. Fit Origin recommends the best size to fit shoppers, with the ability to compare sizes based on their own fit preferences. Their fit recommendation solution allows your shoppers to buy with confidence. At Rakuten Fits Me they are all about ‘Me’ fashion, not mass fashion. They are the only size and fit solution provider to align your product data with shopper body data so they get the perfect fit, first time, every time.

Monese

Seed Round in 2014
Monese is a digital banking alternative that provides a mobile-only, multi-currency account fully-featured and fully localized banking experience (both its apps and its customer service.

Lingvist

Seed Round in 2014
Lingvist is an innovative language learning platform that uses artificial intelligence, natural language processing, and machine learning algorithms to make the learning process faster and more efficient. Lingvist is a subscription service for language learning, accessible via three platforms (web, iOS, and Android) worldwide. Lingvist was launched in 2013 and is operated from Tallinn, Estonia.

Cloutex

Seed Round in 2014
Cloutex is a data logistics company that allows businesses to synchronize, move and manage their data quickly and easily. Their Google Chrome extension - Cloutex for Chrome enables users to move LinkedIn data available on public profiles into a Customer Relationship Management (CRM) platform.

VitalFields

Seed Round in 2014
VitalFields is a digital agriculture company that offers an easy-to-use farm management system for farmers to plan, manage and analyze their field activities, including simplified tracking and reporting of all crop inputs to help ensure compliance with European Union environmental standards. Founded in 2011 and based in Tallinn, Estonia, VitalFields is available in several European countries.

Rakuten Fits Me

Series A in 2013
Fit Origin is the ultimate fit recommendation solution for eCommerce fashion retailers which puts fit and body shapes at the heart of the online shopping experience. It combines garment data and shopper data to determine which size garment will fit them, the way they want to wear it. Each shopper’s measurements are calculated based on height, weight, age and body shape. Deep statistical analysis of thousands of detailed body scans allows their data scientists to use these limited data points to infer high quality information about the shopper’s measurements. Every garment is analysed by their garment technologists, taking many factors into account including silhouette, stretch and fit preference. A shopper’s body measurements are used in conjunction with garment measurements to interpret how each size will fit a shopper. Fit Origin recommends the best size to fit shoppers, with the ability to compare sizes based on their own fit preferences. Their fit recommendation solution allows your shoppers to buy with confidence. At Rakuten Fits Me they are all about ‘Me’ fashion, not mass fashion. They are the only size and fit solution provider to align your product data with shopper body data so they get the perfect fit, first time, every time.

Realeyes

Series A in 2013
Realeyes is a leader in computer vision and emotion AI that empowers companies to create remarkable customer experiences that drive growth. Over 200 leading brands and media companies like Mars Inc., P&G, Expedia, TikTok, Google, Netflix, Warner Media and Teads rely on Realeyes to measure human response at the speed and scale of AI.

Sportlyzer

Seed Round in 2012
Sportlyzer is a player development and team management software for youth and amateur sports clubs. The platform connects coaches, managers, players and parents.

SelfDiagnostics

Venture Round in 2011
Selfdiagnostics brings laboratory-grade precision home medical testing to ordinary users and offers the world’s smallest application of PCR (polymerase chain reaction) technology. This unique product paves the way for bigger changes in medicine in regard to patients taking the first steps toward diagnosing illnesses. Health care issues are a salient topic, and services in the field are certainly not as available to people as they would like. People are also used to making increasingly more decisions about their health themselves, and they are quite well-informed. Today people tend to try to take the initiative themselves as the first step toward understanding what the problem is and how it might be treated. Democracy in healthcare and patient autonomy will be the next big drivers of developments in the healthcare sector and Selfdiagnostics is committed to supporting these values. Selfdiagnostics is introducing to market a patient-side diagnostic concept and solution to allow for an additional capability for diagnosing patients at home with the goal of starting treatment as early as possible. Doing so we have developed a unique molecular diagnostics platform for medical point of care devices from which our first product STD Multitest to detect sexually transmitted diseases is ready to scale up production and start world wide sales. Our proprietary technology allows to diversify portfolio of different DNA and RNA detection purposes like for respiratory (Influenza, TB), blood born (HIV, Hepatitis) and urine (CT, NG, MG, TV, Zika) based diseases. We are pioneer of next generation molecular diagnostics solution bringing Nobel-Prize winning PCR (polymerase chain reaction) medical tests straight to patients.

NOW! Innovations

Series A in 2011
NOW! Innovations is a digital permit and mobile payment solution provider for the parking and transport sectors. NOW! Innovation's mission is to develop and introduce new innovative software applications to the parking and transport industry, as well as any other sector where handling of permits and tickets is required.

Cellin Technologies

Seed Round in 2010
Cellin Technologies LLC is a cell therapy products contract manufacturing company founded in 2008, located in Tallinn Science Park Tehnopol at Mäealuse 4. Cellin Technologies focuses on providing contract manufacturing and clinical research services for developing proprietary technologies to produce cells for experimental or clinical applications on a commercial scale. Cellin Technologies provides services to pharmaceutical and biotech companies, hospitals and clinics in Estonia and external markets.

Modesat

Series A in 2010
Modesat Communications is a rapidly growing privately held technology company specializing in the design, development and commercialization of high throughput FPGA or ASIC based digital modems for microwave, millimeter wave and satellite communications applications. Products developed by the company incorporate Modesat’s patented PilotSyncTM synchronization technology, which enables higher throughput, lower bill of materials cost and increased operational reliablity.

GrabCAD

Seed Round in 2010
GrabCAD is a mechanical engineering community for sharing talent, expand knowledge and collaborate, including free CAD model library and [engineering competitions platform The founders Hardi Meybaum and Indrek Narusk previously ran a product development company. GrabCAD was founded in 2009. The company's headquarters is based in Boston, USA with development team in Estonia.
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