Tera Ventures

Tera Ventures is a venture capital firm based in Tallinn, Estonia, established in 2016. The firm focuses on investing in exceptional digital startups from the Baltics, Scandinavia, and Central and Eastern Europe, aiming to support founders with ambitious visions. Tera Ventures targets companies at the pre-seed and seed stages, offering expertise and hands-on support to help them scale and achieve global leadership. With a presence in Estonia, Finland, and California, the firm builds networks in key markets such as the UK, the US, and Asia to facilitate the expansion of its portfolio companies. Tera Ventures emphasizes a non-controlling investment approach, believing that management should remain motivated by their 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

Past deals in Cental and Eastern Europe

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.

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 focused on creating autonomous robots that enhance the efficiency of pavement marking, specifically for parking lot layouts. By developing innovative technological solutions, the company aims to improve productivity for striping businesses while minimizing their environmental impact. These robots provide a sustainable method for striping, allowing firms to complete their tasks more quickly and effectively. As a result, striping companies can significantly increase their output without needing to expand their workforce, leading to cost savings and greater operational efficiency.

Rendin

Seed Round in 2020
Rendin OÜ is a rental platform based in Tallinn, Estonia, that facilitates long-term home renting for landlords, tenants, and agents through its mobile application. Established in 2019, Rendin provides a range of services including tenant background checks, legal cover and advice, and guaranteed rent payments. The platform eliminates the need for traditional security deposits by offering preventive insurance-backed technology and risk management solutions, ensuring landlords receive significantly enhanced protection compared to standard market practices. Additionally, Rendin features automated rental agreements and payment damage protection, streamlining the rental process and fostering a fair and flexible environment for all parties involved.

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.

Rendin

Pre Seed Round in 2020
Rendin OÜ is a rental platform based in Tallinn, Estonia, that facilitates long-term home renting for landlords, tenants, and agents through its mobile application. Established in 2019, Rendin provides a range of services including tenant background checks, legal cover and advice, and guaranteed rent payments. The platform eliminates the need for traditional security deposits by offering preventive insurance-backed technology and risk management solutions, ensuring landlords receive significantly enhanced protection compared to standard market practices. Additionally, Rendin features automated rental agreements and payment damage protection, streamlining the rental process and fostering a fair and flexible environment for all parties involved.

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.

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.

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.

Lingvist

Series A in 2015
Lingvist Inc. is a language-learning platform that leverages artificial intelligence, natural language processing, and adaptive machine learning algorithms to enhance the learning experience. Founded in 2012 and based in Tallinn, Estonia, the company offers a subscription service accessible through web, iOS, and Android platforms worldwide. Lingvist's innovative approach focuses on improving vocabulary by assessing users' existing knowledge and customizing courses to target their learning needs, thereby facilitating more effective communication and understanding.

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.

VitalFields

Series A in 2015
VitalFields is a digital agriculture company based in Tallinn, Estonia, founded in 2011. The company provides a user-friendly farm management system that enables farmers to plan, manage, and analyze their field activities effectively. Its platform facilitates the tracking and reporting of crop inputs, assisting farmers in meeting European Union environmental compliance standards. VitalFields operates in several European countries, enhancing the efficiency and sustainability of agricultural practices through its innovative software solution.

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.

Lingvist

Seed Round in 2014
Lingvist Inc. is a language-learning platform that leverages artificial intelligence, natural language processing, and adaptive machine learning algorithms to enhance the learning experience. Founded in 2012 and based in Tallinn, Estonia, the company offers a subscription service accessible through web, iOS, and Android platforms worldwide. Lingvist's innovative approach focuses on improving vocabulary by assessing users' existing knowledge and customizing courses to target their learning needs, thereby facilitating more effective communication and understanding.

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 based in Tallinn, Estonia, founded in 2011. The company provides a user-friendly farm management system that enables farmers to plan, manage, and analyze their field activities effectively. Its platform facilitates the tracking and reporting of crop inputs, assisting farmers in meeting European Union environmental compliance standards. VitalFields operates in several European countries, enhancing the efficiency and sustainability of agricultural practices through its innovative software solution.

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 specializes in home medical testing by offering laboratory-grade precision through its innovative molecular self-diagnostic technology. This technology utilizes the world's smallest application of polymerase chain reaction (PCR) to enable patients to diagnose illnesses from the comfort of their homes. By empowering individuals to take control of their health, SelfDiagnostics aims to facilitate early detection and treatment of various conditions. The company has developed a proprietary platform for point-of-care medical devices, with its first product, the STD Multitest, ready for global distribution. This test detects sexually transmitted diseases and exemplifies the company's commitment to expanding its portfolio for detecting a range of DNA and RNA-based diseases, including respiratory and blood-borne infections. SelfDiagnostics is positioned as a pioneer in the next-generation molecular diagnostics market, advancing patient autonomy and democratizing healthcare access.

Cellin Technologies

Seed Round in 2010
Cellin Technologies LLC, founded in 2008 and located in Tallinn Science Park Tehnopol, specializes in contract manufacturing and clinical research services for cell therapy products. The company focuses on developing proprietary technologies for the production of cells for both experimental and clinical applications on a commercial scale. Cellin Technologies serves pharmaceutical and biotech companies, as well as hospitals and clinics, primarily in Estonia and external markets. Its expertise lies in the research and development of therapeutic products that facilitate the cultivation of tissue preparations from human tissue or bone marrow, thereby enabling hospitals to create effective treatments for patients.

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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