Tera Ventures backs ambitious founders and their compelling visions at their seed stage

Twice - The circular commerce platform - Make your products rentable in a few clicks

Montonio - All popular payment options at a low cost

Online banking platform that offers quick current account opening for all EU residents

Global leader in real-time emotion measurement for video

Cleveron is the innovation leader in creating robotics-based parcel terminals and developing last mile click and collect pickup solutions

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Our portfolio

Our startups are born-global across many industries – most have strong ties to Estonia, many have internationally diverse teams

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Flowstep

The UX copilot that helps you design better products

Tallinn, Estonia flowstep.ai
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Avokaado

New document format for contract automation

Tallinn, Estonia avokaado.io
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Twice Commerce

Platform to sell and rent products under your own brand (formerly Rentle)

Helsinki, Finland twicecommerce.com
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Cino

Virtual card that splits bills

Tallinn, Estonia getcino.com
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Stackend

Backend, frontend & hosting in a single line of code

Stockholm, Sweden stackend.com
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4Trans

Faster financing for underserved small logistic companies

Prague, Czechia 4trans.cz
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Superface

SDK and Infrastructure for autonomous API integrations.

Prague, Czechia superface.ai
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Secfense

Offensive & Defensive Cyber Solutions

Kraków, Poland secfense.com
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Botguard

Malicious Bots, Crawlers, and Scrapers Mitigation

Tallinn, Estonia botguard.net
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Tranformative AI

Transforming healthcare through deep learning

Estonia and UK transformative.ai
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SportsIQ

Smart Basketball – AI shooting coach and smart ball solution

Helsinki, Finland siqball.com
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AI Clearing

Construction Progress Tracking Solution

Texas, USA aiclearing.com
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Rendin

Rental agreement platform

Tallinn, Estonia rendin.co
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10Lines

Autonomous parking lot marking solutions

Tallinn, Estonia 10linesrobots.com
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Multiply

Connected Workspace

Stockholm, Sweden multiply.co
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Miros AI

Wordless Search for eCommerce

Tallinn, Estonia www.miros.ai
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Clevon

On-demand autonomous delivery solution

Viljandi, Estonia clevon.com
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Montonio

Customer-friendly financing solution

Tallinn, Estonia montonio.com
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Monese

Online Banking Platform

London, UK monese.com
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RealEyes

The World’s Leading Emotion AI Platform

London, UK realeyesit.com
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Cleveron

Last mile delivery robots

Viljandi, Estonia cleveron.com
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Jobbatical

Talent relocation service

Tallinn, Estonia jobbatical.com
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Scoro

Business management software

Tallinn, Estonia scoro.com
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Lingvist

AI powered language learning tool

Tallinn, Estonia lingvist.com
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Defendec

Autonomous surveillance meets AI

Tallinn, Estonia defendec.com
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Thinnect

IoT Edge of Network Service Provider

Tallinn, Estonia thinnect.com
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EXITED Snackable

Search engine for spoken audio

Tallinn, Estonia snackable.ai
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EXITED Fits Me

Fit recommendation technology

Tallinn, Estonia
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EXITED SelfDiagnostics

Molecular selfdiagnostic technology

Tallinn, Estonia
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NOW!Innovations

EXITED NOW!Innovations

Billing & Payment for Mobility Solutions

Tallinn, Estonia
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EXITED GrabCAD

3D printing & CAD collaboration software

Tallinn, Estonia
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Modesat Communications

EXITED Modesat Communications

FPGA or ASIC based digital modems

Tallinn, Estonia
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Cellin Technologies

EXITED Cellin Technologies

Cell therapy products

Tallinn, Estonia
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VitalFields

EXITED VitalFields

Farm Management System

Tallinn, Estonia
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EXITED Startup WiseGuys

B2B startup accelerator

Tallinn, Estonia

Tera Ventures backs ambitious founders and their compelling visions at pre-seed and seed stage

Tera Ventures is an Estonian venture capital firm investing in early stage born-global digital startups. We currently invest out of our 45 MEUR 2nd fund. Our goal is to discover world class founders tackling big problems and support them on the way to become the industry leaders. Estonia is our home market, we also invest in Denmark, Sweden, Finland, Latvia, Lithuania, Poland and Czech Republic. Our HQ is in Tallinn, our main team is here, Eamonn Carey is in London..

We are industry agnostic, we do have preferences based on what we have learned from our portfolio companies – eg we like Fintech, automation. We also develop themes – eg we have invested in AI/ML for more than ten years.

We are hands-on and founder-friendly, our goal is also to support portfolio companies across the early rounds with our follow-on investments. Over more than a decade, Tera team has had considerable success in assisting portfolio companies’ entry to the US, the UK and Japan, facilitating collaboration with international corporations, and raising additional capital from top-tier VCs. We are supported by a global advisory network also providing portfolio companies with access to expertise.

 

Our team

The best way to get in touch is to ask for any introduction – If that’s not possible, please write to us and we will do our best to reply promptly.

Andrus Oks
Founding partner
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Eamonn Carey
General Partner
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Stanislav Ivanov
Founding partner
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Helis Lipping
Operations and Communications
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Karin Künnapas
Venture Partner
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David Clark
Venture partner
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Prof. Shahab Anbarjafari
Science & Technology Advisor
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James McDougall
Venture Partner
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Katsuhiko Kumagai
Venture Partner
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Founders about us

Latest news

Meet Katsuhiko – Our new Venture Partner

We are pleased to announce that Katsuhiko Kumagai has joined the team as Tera’s latest Venture Partner and…

BotGuard raises €12 million Series A to defend SMEs against malicious bot armies

BotGuard has recently raised a €12m Series A led by MMC Ventures, a UK based fund that invests…

Tera leads first investment into Flowstep OÜ

Flowstep is a UX copilot that helps you design better products, 10x faster. Born from a library of top designs and…

AI Clearing secures $14M in Series A Funding

We are happy to share that Tera Fund II company AI Clearing has recently raised a $14m Series…

Avokaado closed a funding round of €1.2 million, led by Tera Ventures

The funding round will support the company’s expansion to new markets and verticals. Avokaado’s contracting and document automation…

Latitude59’s pitching contest win surpassing giants like Slush

The victory of the pitching competition of Latitude59, the Estonian flagship startup and technology conference, this time was…

Events and Conferences

Below you can find a list of events that we are organizing or conferences that we are attending in the next few months. If you would like to get in touch with us at any of these events, please write to us on

The EstFund is an initiative created by cooperation between the Republic of Estonia and the European Investment Fund and financed under European Structural and Investment Funds.