About Tera Ventures
Tera Ventures is a venture capital firm founded in 2016. It is primarily based out of Tallinn, Estonia. As of Jun 2025, Tera Ventures has invested in 45 companies. It primarily invests in Seed round in Estonia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Seed round of Flowstep Overall, Tera Ventures portfolio has seen 1 IPO and 6 acquisitions including key companies like Monese, GrabCAD and Brainbase. A lot of funds co-invest with Tera Ventures, with names like Severin Hacker sharing a substantial percentage of its portfolio. Tera Ventures has team of 10 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Tera Ventures' List of Top Investments
Tera Ventures has a portfolio of 45 companies. Their most notable investments are in Mifundo and Turan.Their portfolio spans across Estonia, United States, United Kingdom and 6 more locations. They have invested in Enterprise Applications, High Tech, Retail and 22 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Tera Ventures:
1. Monese
Provider of digital bank solutions for individuals and businesses. It offers savings and current accounts, prepaid cards for online offline purchases, bill payments, money transfers, and more. It features multi currency accounts enabling users to transact using multiple currencies. The application is available on Android and iOS platforms.
Key facts about Monese
- Founded Year: 2013
- Location: London (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $269M
- Employee Count: 146 as on May 31, 2026
- Investors: Kinnevik, Augmentum Fintech and 99 Others
- Latest Funding Round: Series C, May 01, 2024, $*****
- Highlight: Acquired
2. Cleveron
Manufacturer of automated parcel lockers and robotic solutions for click-and-collect. These systems are designed to enhance customer experience by providing convenient 24/7 access to packages, including oversized items. The company offers a variety of indoor and outdoor locker models, along with supporting software and global service. Their solutions are targeted at retailers seeking to improve efficiency and streamline last-mile delivery. The technology optimizes operations and creates a faster, more seamless experience for customers.
Key facts about Cleveron
- Founded Year: 2007
- Location: Viljandi (Estonia)
- Annual Revenue: €10M - €50M as on Dec 31, 2023
- Stage: Series A
- Total Funding till date: $3.73M
- Employee Count: 113 as on May 31, 2026
- Investors: Nordic Secondary Fund, Estonian Development Fund and 5 Others
- Latest Funding Round: Series A, Sep 22, 2023, $*****
- Highlight: Editors' Pick
3. Lingvist
SaaS and app-based platform offering data-driven adaptive language learning solutions. Applies mathematical optimization and statistical analysis in the language learning process. Based on learning progression data, the solution determines the optimum learning course. Some of the languages users can include French, German, Spanish, and Russian. Its app is available for Android and iOS devices.
Key facts about Lingvist
- Founded Year: 2013
- Location: Tallinn (Estonia)
- Annual Revenue: €1M - €10M as on Dec 31, 2023
- Stage: Series A
- Total Funding till date: $16.1M
- Employee Count: 37 as on May 31, 2026
- Investors: Rakuten Capital, Techstars and 18 Others
- Latest Funding Round: Series A, Oct 27, 2021, $*****
- Highlight: Editors' Pick
Developer of FIBA approved smart basketballs with integrated performance tracking. The company manufactures basketballs embedded with technology to capture and analyze player performance data. This data is intended to provide insights into shooting accuracy, ball handling skills, and overall gameplay. The smart basketballs are designed for athletes and coaches seeking data-driven feedback to improve training and performance.
Key facts about SIQ Basketball
- Founded Year: 2008
- Location: Helsinki (Finland)
- Annual Revenue: €1M - €10M as on Dec 31, 2024
- Stage: Seed
- Total Funding till date: $5.12M
- Employee Count: 15 as on Jul 01, 2024
- Investors: Techstars, KB Partners and 1 Other
- Latest Funding Round: Seed, Mar 08, 2023, $*****
- Highlight: Editors' Pick
5. GrabCAD
GrabCAD is a cloud-based design collaboration software. The product offerings include GrabCAD Workbench, a design collaboration tool to manage, view, and share CAD files. The features of the product include file locking, revision management, support for all CAD formats, cloud-based, etc. It also offers GrabCAD Print, a 3D printing software with features such as tracking materials, print preparation, scheduling, real-time notifications, etc.
Key facts about GrabCAD
- Founded Year: 2009
- Location: Eden Prairie (United States)
- Stage: Acquired
- Total Funding till date: $14.7M
- Employee Count: 87 as on May 31, 2026
- Investors: Digital Economy Ventures, CRV and 17 Others
- Latest Funding Round: Series B, Oct 15, 2012, $*****
- Highlight: Acquired
Tera Ventures' Year-on-Year Investment Trends
Tera Ventures has invested in 45 companies over the last 9 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 2 investments. Its most recent first time investment was in Miros and most recent follow-on round was in Flowstep.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 2 | 2 |
2024 | 5 | 2 | 7 |
2023 | 5 | 2 | 7 |
2022 | 7 | 1 | 8 |
2021 | 1 | 2 | 3 |
2020 | 4 | 0 | 4 |
2019 | 3 | 0 | 3 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
Tera Ventures' Investments by Stage
Tera Ventures has made 21 investments in Seed stage with an average round size of $2.16M, 2 investments in Series A stage with an average round size of $3.24M and 1 investment in Grant (prize money) stage with an average round size of $536K.Stage of entry | No. of Investments |
|---|---|
Seed | 21 |
Series A | 2 |
Grant (prize money) | 1 |
Series B | 1 |
Series C | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Tera Ventures' Investments by Sector
Tera Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Vertical SaaS, Retail and Consumer. Notably, it has invested in 40 Tech companies, 38 Enterprise (B2B) companies, 32 Software companies and at least 18 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 17 |
FinTech | 5 |
Vertical SaaS | 5 |
Retail | 4 |
Consumer | 3 |
Others | 17 |
Note: We have considered here, only first round of investments
Tera Ventures' Investments by Geography
Tera Ventures has made most investments in Estonia (10), followed by United Kingdom where it has made 4 investments.Country | No. of Investments |
|---|---|
Estonia | 10 |
United Kingdom | 4 |
Finland | 3 |
United States | 3 |
Czech Republic | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Tera Ventures' recent investments
Tera Ventures has not made any investment in 2026 so far.Here are the most recent investments by Tera Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 27, 2025 | Estonia | Seed | 2056 | [+8] | |
Mar 12, 2025 | Estonia | Series B | 9227 | [+3] | |
Nov 05, 2024 | United Kingdom | Seed | 8922 | [+1] | |
May 22, 2024 | Estonia | Seed | 4828 | ||
May 01, 2024 | United Kingdom | Series C | 8732 | - |
IPOs and Publicly Listed companies in Tera Ventures' Portfolio
1 of Tera Ventures' portfolio company became public - my!WIND.Here are Tera Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 7133 |
Acquired companies in Tera Ventures' Portfolio
6 companies from Tera Ventures' portfolio have been acquired. The most recent acquisition was Monese in Oct 2024 by Pockit for $*****.Here are Tera Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 10, 2024 | May 01, 2024 | Series C | 8244 | |
Dec 01, 2022 | Sep 19, 2019 | Seed | 1836 | |
Sep 16, 2022 | Feb 19, 2019 | Seed | 4413 | |
Nov 21, 2016 | - | - | 6856 | |
Sep 16, 2014 | - | - | 7310 |
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Team profile of Tera Ventures
Tera Ventures has a team of 10 members including 4 Partners, 1 Venture Partner and 1 Principal located in Estonia and United Kingdom. Tera Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Tera Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Estonia | |||
Partner | Estonia | - | ||
Partner | Islington | - | ||
Partner | Tallinn | - | ||
Venture Partner | Tallinn | - | ||
Principal | Estonia | - |
Co-investors of Tera Ventures
Over the past 9 years, 187 investors have co-invested in Tera Ventures's portfolio companies. This includes funds and angels.
- Invested before Tera Ventures: SmartCap, Europa and 76 others have invested in rounds before Tera Ventures. There are 3 companies where SmartCap has invested before Tera Ventures and 2 companies where Europa has invested before Tera Ventures.
- Top Co-investors of Tera Ventures: 59 investors entered a company along with Tera Ventures. These include investors like Severin Hacker (2 companies).
- Invested after Tera Ventures: A total of 50 investors have invested in Tera Ventures's portfolio after their investments. Top Investors include FJ Labs (2 companies), Techstars (1 company) and APX (1 company).
Recent News related to Tera Ventures
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Flowstep Secures $2.6M Seed Round for AI-Native Design PlatformStartup Rise EU•Jun 27, 2025•Flowstep, adesso ventures, Angel Invest Ventures, Dnipro Ventures and 4 others
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Cino Raises €3.5M to Revolutionise Shared Payments With the First Virtual Card That Splits and Pays Group Bills InstantlyFintech Finance•Mar 04, 2025•Cino, Balderton Capital, Connect Ventures, Cleo and 2 others
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Fimple raises $12 million Series A fundingFintechtime•Feb 04, 2025•Fimple, APY Ventures, Tera Ventures, DN Capital and 2 others
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London-based Miros Secures €6 Million in Pre-Series A Round FundingStartup Rise EU•Nov 05, 2024•Miros, EBRD, Tera Ventures, EBRD
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Estonian fintech startup raises €10 million to build a unified platform for portable credit profiles across EuropeArcticStartup•Sep 26, 2024•Mifundo, European Innovation Council, European Investment Bank, Europa and 3 others
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Tera Ventures leads a €620k investment in CARÁ HealthAIN.Capital•May 30, 2024•CARA, Tera Ventures, Startupist Venture
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Estonian maternity startup CARÁ Health secures €620k for its expansionAIN.Capital•May 22, 2024•CARA, Tera Ventures, Startup Lithuania, Startupist Venture
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Estonian spacetech 10Lines bags €1.5M for its autonomous parking lot marking robotsTech Funding News•Apr 24, 2024•10Lines, Tera Ventures, Karista, Butterfly Ventures
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Estonian startup Supersimple secures €2M for its AI-native data analytics platform: Know moreSilicon Canals•Apr 03, 2024•Supersimple, Tera Ventures, Specialist, Tiny and 2 others
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