Tera Ventures

Tera Ventures OÜ is a venture capital firm headquartered in Tallinn, Estonia, established in 2016. The firm specializes in seed and startup stage investments, primarily focusing on digital startups across Central and Eastern Europe, including countries such as Estonia, Denmark, Sweden, Finland, Latvia, Lithuania, Poland, and the Czech Republic. Tera Ventures typically invests between €0.2 million and €1.5 million per company, with the potential for significant follow-on funding for select investments. The firm emphasizes supporting exceptional founders and building networks that facilitate expansion into key markets like the UK, US, and Asia. Tera Ventures maintains a non-controlling stake in its portfolio companies, allowing founders to retain motivation and influence over their businesses. With additional offices in Burbank, California, and Helsinki, Finland, Tera Ventures is backed by a global advisory network that provides expertise and hands-on support to help companies grow from seed stage to successful exits.

Erik Anderson

Venture Partner

David Clark

Incoming Principal (Fund III)

Stanislav Ivanov

Founding Partner

Katsuhiko Kumagai

Venture Partner

Karin Künnapas

Venture Partner

43 past transactions

4Trans Factoring

Seed Round in 2022
A vertical FinTech solution focused on logistics.

SIQ Basketball

Seed Round in 2022
SIQ Basketball, based in Los Angeles, California, specializes in developing innovative sports technology. The company has created a smart basketball that is approved for official gameplay by the International Basketball Federation. In addition to its hardware, SIQ Basketball offers sports analytics software tailored for sports organizations. This technology includes applications that provide customized video content, data collection, and advanced analysis through real-time tracking of players, teams, and equipment. By integrating statistics with video, SIQ Basketball enables teams, broadcasters, and fans to analyze games more efficiently, allowing coaches to deliver prompt feedback to players and significantly reducing scouting time.

Montonio

Series A in 2022
Montonio Finance OÜ, founded in 2018 and based in Tallinn, Estonia, operates as a point-of-sale financing aggregator that leverages open banking to enhance credit efficiency and transparency. The company's platform simplifies the application process for hire purchase both online and in physical stores, helping merchants reduce lost sales and save time on service. Montonio's software integrates various payment methods and offers tools for refunds and shipping, allowing online merchants to streamline their operations and increase revenue through a unified dashboard. By focusing on creating a seamless experience for both merchants and customers, Montonio aims to improve the overall efficiency of credit intermediation services.

Secfense

Venture Round in 2022
Secfense provides a cybersecurity platform that enhances user access security by acting as an intermediary layer between users and applications. The platform analyzes authentication traffic patterns, allowing organizations to implement multi-factor authentication (MFA) efficiently across various systems without altering the existing application code. This capability significantly simplifies the integration of any available authentication method, making the process faster and less disruptive, even for organizations with numerous applications. By managing the traffic flow, Secfense enables users to seamlessly authenticate using their chosen MFA method specific to each application. This approach not only streamlines security implementations but also facilitates easy transitions between different authentication standards, ensuring robust protection against unauthorized access while maintaining operational efficiency.

Montonio

Seed Round in 2021
Montonio Finance OÜ, founded in 2018 and based in Tallinn, Estonia, operates as a point-of-sale financing aggregator that leverages open banking to enhance credit efficiency and transparency. The company's platform simplifies the application process for hire purchase both online and in physical stores, helping merchants reduce lost sales and save time on service. Montonio's software integrates various payment methods and offers tools for refunds and shipping, allowing online merchants to streamline their operations and increase revenue through a unified dashboard. By focusing on creating a seamless experience for both merchants and customers, Montonio aims to improve the overall efficiency of credit intermediation services.

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 Software Limited specializes in developing comprehensive business management software tailored for creative and professional services. Founded in 2013 and based in London, the company offers a range of solutions that include project management, work scheduling, financial management, customer relationship management, and reporting tools. Scoro's platform aims to streamline workflows and eliminate routine tasks, helping businesses operate more efficiently from sales to billing. By consolidating planning, resource management, and project delivery into a unified system, Scoro provides users with a clear view of their operations and enhances transparency across teams and clients. This integration allows organizations to gain valuable insights into projected revenue and better understand their financial health.

Rendin

Seed Round in 2020
Rendin OÜ is a home rental platform based in Tallinn, Estonia, established in 2019. The company provides a comprehensive service for landlords, tenants, and agents through its mobile application, facilitating long-term rental agreements. Rendin replaces traditional security deposits with a preventive insurance-backed technology, ensuring landlords receive guaranteed rental income while offering enhanced protection against damages. Its services include tenant background checks, legal assistance, rent payment protection, and no requirement for security deposits. By streamlining the rental process with automated agreements and risk management systems, Rendin aims to create a fair and efficient renting experience for all parties involved.

AI Clearing

Seed Round in 2020
Developer of a construction progress reporting platform intended to provide autonomous progress tracking and real-time identification of red flags. The company processes inputs from construction projects generates payment approvals based on accurately measured progress and delivers analysis and reports, enabling construction businesses to enhance trust and productivity through a mix of AI GIS, and CAD.

Botguard

Seed Round in 2020
Botguard OÜ specializes in cloud-based website protection software that safeguards websites from malicious bots, crawlers, scrapers, and hacker attacks. Established in 2019 and headquartered in Tallinn, Estonia, with an additional office in Haifa, Israel, the company offers a platform that analyzes visitor behavior and creates digital fingerprints, storing the results in a database. This technology allows Botguard to block harmful bot traffic in real-time while ensuring that legitimate users, search engines, and affiliate bots have unrestricted access to the website. By doing so, Botguard enables its clients to protect their businesses from threats such as hackers, spammers, content theft, and competitive scraping.

Transformative AI

Seed Round in 2020
Transformative AI Limited, established in 2016 and based in London, United Kingdom, focuses on developing a healthcare platform that utilizes a patent-pending algorithm to predict the onset of sudden cardiac arrest. This innovative technology enables the collection and translation of clinical data into real-time predictive assessments, allowing patients and healthcare providers to identify life-threatening medical events before they occur. By providing advanced warnings, the platform empowers healthcare professionals to prepare for timely interventions, ultimately aiming to enhance patient outcomes and promote longer, healthier lives.

Snackable AI

Seed Round in 2019
Snackable AI is a company based in Estonia that specializes in transforming audio content formats, such as podcasts, through artificial intelligence. It provides services to content owners and distributors by offering a web-based portal and an application-programming interface (API) that allows users to efficiently search and access their audio libraries. By adding structure and metadata to spoken word content, Snackable AI helps users convert lengthy audio into easily shareable and searchable segments. This innovation addresses the growing demand for accessible audio content, as the popularity of spoken word media continues to rise. Content creators, marketers, and social teams face challenges in delivering engaging content to busy audiences, and Snackable AI provides solutions to streamline this process.

Brainbase

Pre Seed Round in 2019
Brainbase Inc. develops and markets a platform for licensing business. It offers Brainbase Assist, a tool that enables users to manage and collaborate on their licensing business. The company’s tool also allows users to track metrics, such as total sales and royalties, rights availability, and upcoming events. In addition, its tool helps users to compare licensee performance, and measure quarterly and annual growth rates. Brainbase Inc. was founded in 2016 and is based in Los Angeles, California.

Scoro

Series A in 2018
Scoro Software Limited specializes in developing comprehensive business management software tailored for creative and professional services. Founded in 2013 and based in London, the company offers a range of solutions that include project management, work scheduling, financial management, customer relationship management, and reporting tools. Scoro's platform aims to streamline workflows and eliminate routine tasks, helping businesses operate more efficiently from sales to billing. By consolidating planning, resource management, and project delivery into a unified system, Scoro provides users with a clear view of their operations and enhances transparency across teams and clients. This integration allows organizations to gain valuable insights into projected revenue and better understand their financial health.

Monese

Series B in 2018
Monese Ltd. is a digital banking alternative based in London, United Kingdom, that provides mobile-only, multi-currency accounts across 31 countries in the European Economic Area. Founded in 2015 by Norris Koppel, the platform caters to individuals and businesses who face challenges with traditional banking, offering a fully localized banking experience in 14 languages. Monese allows users to manage their finances through a mobile application that facilitates quick account opening without credit checks or residency restrictions. Its services include current accounts for money storage and payments, local and international transfers, and debit cards for purchases and cash withdrawals. The company's innovative "Know Your Customer" technology enables real-time identity verification, allowing users to set up accounts in just minutes.

Monese

Venture Round in 2018
Monese Ltd. is a digital banking alternative based in London, United Kingdom, that provides mobile-only, multi-currency accounts across 31 countries in the European Economic Area. Founded in 2015 by Norris Koppel, the platform caters to individuals and businesses who face challenges with traditional banking, offering a fully localized banking experience in 14 languages. Monese allows users to manage their finances through a mobile application that facilitates quick account opening without credit checks or residency restrictions. Its services include current accounts for money storage and payments, local and international transfers, and debit cards for purchases and cash withdrawals. The company's innovative "Know Your Customer" technology enables real-time identity verification, allowing users to set up accounts in just minutes.

Jobbatical

Series A in 2017
Jobbatical OÜ is an Estonian company founded in 2014 that specializes in connecting professionals with short-term employment opportunities across the globe. The platform caters to a diverse range of talent, including developers, graphic designers, and marketers, who are looking for work-and-travel experiences in new locations. By facilitating short-term contracts, Jobbatical helps employers fill temporary positions while also offering comprehensive immigration and relocation services that streamline the visa process. This integration of technology aims to enhance labor mobility, enabling companies to efficiently relocate international employees and address talent shortages in a cost-effective manner.

Thinnect

Convertible Note in 2017
Thinnect, Inc. develops wireless mesh networking technology for Internet of things (IoT) segments, such as commercial lighting and street lighting. Its solutions include commercial lighting solution that enables a lighting company to enhance their light emitting diode (LED) lighting products with intelligent control and unlocking additional savings; and street lighting solution that enable to install street lights using networking technology. The company was founded in 2015 and is based in Sunnyvale, California.

Monese

Series A in 2017
Monese Ltd. is a digital banking alternative based in London, United Kingdom, that provides mobile-only, multi-currency accounts across 31 countries in the European Economic Area. Founded in 2015 by Norris Koppel, the platform caters to individuals and businesses who face challenges with traditional banking, offering a fully localized banking experience in 14 languages. Monese allows users to manage their finances through a mobile application that facilitates quick account opening without credit checks or residency restrictions. Its services include current accounts for money storage and payments, local and international transfers, and debit cards for purchases and cash withdrawals. The company's innovative "Know Your Customer" technology enables real-time identity verification, allowing users to set up accounts in just minutes.

Monese

Seed Round in 2017
Monese Ltd. is a digital banking alternative based in London, United Kingdom, that provides mobile-only, multi-currency accounts across 31 countries in the European Economic Area. Founded in 2015 by Norris Koppel, the platform caters to individuals and businesses who face challenges with traditional banking, offering a fully localized banking experience in 14 languages. Monese allows users to manage their finances through a mobile application that facilitates quick account opening without credit checks or residency restrictions. Its services include current accounts for money storage and payments, local and international transfers, and debit cards for purchases and cash withdrawals. The company's innovative "Know Your Customer" technology enables real-time identity verification, allowing users to set up accounts in just minutes.

Scoro

Seed Round in 2016
Scoro Software Limited specializes in developing comprehensive business management software tailored for creative and professional services. Founded in 2013 and based in London, the company offers a range of solutions that include project management, work scheduling, financial management, customer relationship management, and reporting tools. Scoro's platform aims to streamline workflows and eliminate routine tasks, helping businesses operate more efficiently from sales to billing. By consolidating planning, resource management, and project delivery into a unified system, Scoro provides users with a clear view of their operations and enhances transparency across teams and clients. This integration allows organizations to gain valuable insights into projected revenue and better understand their financial health.

Jobbatical

Seed Round in 2016
Jobbatical OÜ is an Estonian company founded in 2014 that specializes in connecting professionals with short-term employment opportunities across the globe. The platform caters to a diverse range of talent, including developers, graphic designers, and marketers, who are looking for work-and-travel experiences in new locations. By facilitating short-term contracts, Jobbatical helps employers fill temporary positions while also offering comprehensive immigration and relocation services that streamline the visa process. This integration of technology aims to enhance labor mobility, enabling companies to efficiently relocate international employees and address talent shortages in a cost-effective manner.

Thinnect

Convertible Note in 2016
Thinnect, Inc. develops wireless mesh networking technology for Internet of things (IoT) segments, such as commercial lighting and street lighting. Its solutions include commercial lighting solution that enables a lighting company to enhance their light emitting diode (LED) lighting products with intelligent control and unlocking additional savings; and street lighting solution that enable to install street lights using networking technology. The company was founded in 2015 and is based in Sunnyvale, California.

Monese

Venture Round in 2016
Monese Ltd. is a digital banking alternative based in London, United Kingdom, that provides mobile-only, multi-currency accounts across 31 countries in the European Economic Area. Founded in 2015 by Norris Koppel, the platform caters to individuals and businesses who face challenges with traditional banking, offering a fully localized banking experience in 14 languages. Monese allows users to manage their finances through a mobile application that facilitates quick account opening without credit checks or residency restrictions. Its services include current accounts for money storage and payments, local and international transfers, and debit cards for purchases and cash withdrawals. The company's innovative "Know Your Customer" technology enables real-time identity verification, allowing users to set up accounts in just minutes.

Lingvist

Series A in 2015
Lingvist Inc. is a language-learning software company based in Tallinn, Estonia, established in 2012. It offers an online platform and mobile application that utilize statistical analysis and adaptive machine learning algorithms to enhance the language-learning experience. Designed to facilitate language acquisition in approximately 200 hours, Lingvist's platform employs a smart algorithm that monitors user progress and mistakes, adjusting lessons in real-time to align with individual learning patterns. The service aims to improve vocabulary and comprehension by assessing users' existing language knowledge and customizing courses to address their specific learning needs. Lingvist is accessible through iOS and Android devices, making it available to a global audience.

Jobbatical

Seed Round in 2015
Jobbatical OÜ is an Estonian company founded in 2014 that specializes in connecting professionals with short-term employment opportunities across the globe. The platform caters to a diverse range of talent, including developers, graphic designers, and marketers, who are looking for work-and-travel experiences in new locations. By facilitating short-term contracts, Jobbatical helps employers fill temporary positions while also offering comprehensive immigration and relocation services that streamline the visa process. This integration of technology aims to enhance labor mobility, enabling companies to efficiently relocate international employees and address talent shortages in a cost-effective manner.

Monese

Seed Round in 2015
Monese Ltd. is a digital banking alternative based in London, United Kingdom, that provides mobile-only, multi-currency accounts across 31 countries in the European Economic Area. Founded in 2015 by Norris Koppel, the platform caters to individuals and businesses who face challenges with traditional banking, offering a fully localized banking experience in 14 languages. Monese allows users to manage their finances through a mobile application that facilitates quick account opening without credit checks or residency restrictions. Its services include current accounts for money storage and payments, local and international transfers, and debit cards for purchases and cash withdrawals. The company's innovative "Know Your Customer" technology enables real-time identity verification, allowing users to set up accounts in just minutes.

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 OÜ is an Estonian company founded in 2014 that specializes in connecting professionals with short-term employment opportunities across the globe. The platform caters to a diverse range of talent, including developers, graphic designers, and marketers, who are looking for work-and-travel experiences in new locations. By facilitating short-term contracts, Jobbatical helps employers fill temporary positions while also offering comprehensive immigration and relocation services that streamline the visa process. This integration of technology aims to enhance labor mobility, enabling companies to efficiently relocate international employees and address talent shortages in a cost-effective manner.

Rakuten Fits Me

Venture Round in 2014
Rakuten Fits Me specializes in virtual fitting room services that enhance the online shopping experience for fashion retailers and their customers. By integrating garment and shopper data, the company provides personalized fit recommendations tailored to individual body shapes and measurements, which are calculated using factors such as height, weight, age, and body shape. Their technology employs deep statistical analysis of extensive body scan data, allowing for accurate inferences about customers' measurements. Each garment is meticulously analyzed by experts to consider various attributes, including silhouette and stretch, ensuring that shoppers receive precise size recommendations based on their fit preferences. This innovative approach enables consumers to shop with confidence, helping them find the right fit the first time, while emphasizing personalized fashion rather than mass-produced options.

Monese

Seed Round in 2014
Monese Ltd. is a digital banking alternative based in London, United Kingdom, that provides mobile-only, multi-currency accounts across 31 countries in the European Economic Area. Founded in 2015 by Norris Koppel, the platform caters to individuals and businesses who face challenges with traditional banking, offering a fully localized banking experience in 14 languages. Monese allows users to manage their finances through a mobile application that facilitates quick account opening without credit checks or residency restrictions. Its services include current accounts for money storage and payments, local and international transfers, and debit cards for purchases and cash withdrawals. The company's innovative "Know Your Customer" technology enables real-time identity verification, allowing users to set up accounts in just minutes.

Lingvist

Seed Round in 2014
Lingvist Inc. is a language-learning software company based in Tallinn, Estonia, established in 2012. It offers an online platform and mobile application that utilize statistical analysis and adaptive machine learning algorithms to enhance the language-learning experience. Designed to facilitate language acquisition in approximately 200 hours, Lingvist's platform employs a smart algorithm that monitors user progress and mistakes, adjusting lessons in real-time to align with individual learning patterns. The service aims to improve vocabulary and comprehension by assessing users' existing language knowledge and customizing courses to address their specific learning needs. Lingvist is accessible through iOS and Android devices, making it available to a global audience.

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
Rakuten Fits Me specializes in virtual fitting room services that enhance the online shopping experience for fashion retailers and their customers. By integrating garment and shopper data, the company provides personalized fit recommendations tailored to individual body shapes and measurements, which are calculated using factors such as height, weight, age, and body shape. Their technology employs deep statistical analysis of extensive body scan data, allowing for accurate inferences about customers' measurements. Each garment is meticulously analyzed by experts to consider various attributes, including silhouette and stretch, ensuring that shoppers receive precise size recommendations based on their fit preferences. This innovative approach enables consumers to shop with confidence, helping them find the right fit the first time, while emphasizing personalized fashion rather than mass-produced options.

Realeyes

Series A in 2013
Realeyes Data Services Ltd., an emotions research company, provides web-based facial expression measurement solutions for video advertisements. The company’s solutions enable users to read how people feel about their video advertisements using computer vision. It offers Tentpole Creative, Digital Content, Live Interaction, consumer insight, and creative performance. The company was founded in 2007 and is headquartered in London, United Kingdom with additional offices in New York, New York; Tokyo, Japan; and Budapest, Hungary.

Sportlyzer

Seed Round in 2012
OÜ Sportlyzer develops software that analyses training information for amateur athletes and accordingly plans target driven training sessions. OÜ Sportlyzer was founded in 2009 and is based in Tartu, Estonia.

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 specializes in digital solutions for the parking and transport sectors, focusing on permit management and mobile payment systems. The company develops software applications designed to streamline billing and payment processes, facilitating efficient handling of permits and tickets. Its platform supports digital payment management for both traditional parking services and electric vehicle charging networks. By providing innovative tools, NOW! Innovations aims to enhance user experience and operational efficiency in various markets worldwide.

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 privately held technology company focused on designing and commercializing high throughput digital modems for microwave, millimeter wave, and satellite communication applications. The company specializes in developing FPGA and ASIC-based modems that enhance connectivity between wireless and wired communication devices over long distances. Modesat's products feature its patented PilotSync synchronization technology, which contributes to higher data throughput, reduced material costs, and improved operational reliability. Through its innovative solutions, Modesat aims to provide seamless internet connectivity for users, addressing the growing demand for efficient communication technologies.

GrabCAD

Seed Round in 2010
GrabCAD is a mechanical engineering community founded in 2009, headquartered in Boston, USA, with a development team based in Estonia. It serves as a platform for engineers, designers, manufacturers, and STEM students to share talent, expand knowledge, and collaborate. The company provides a free CAD model library and hosts engineering competitions, fostering engagement and innovation within the engineering community. Additionally, GrabCAD offers printing solutions that streamline the design and 3D printing workflow, helping clients efficiently manage print requests and reduce associated time losses.

Cleveron

Seed Round in 2008
Cleveron Ltd. is a technology and logistics company based in Viljandi, Estonia, specializing in self-service parcel terminals that facilitate the sending and receiving of postal parcels across Europe. Founded in 2006 and formerly known as SmartPOST Ltd., the company focuses on developing automated parcel delivery solutions, including outdoor terminals and robotic machines. Cleveron’s offerings are designed to enhance the efficiency of logistics processes for clients in web retailing and mail ordering, enabling them to deliver goods to customers promptly. The company also provides software solutions for controlling and monitoring parcel terminals and offers consulting services to support the implementation of its business model. As a subsidiary of Posti Group Oyj, Cleveron aims to deliver measurable value through its innovative technology, ensuring that clients benefit from cost-effective and convenient parcel management solutions.
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