“The Tera team has been super important in our journey to build a company.
Andrus picked us up when we had just an idea and I was working as a scientist at CERN. I knew literally nothing about startups, investors and entrepreneurship. Andrus helped us to navigate this new world and make the right decisions about many many things: How to talk to investors; how to raise money; how to build a team; how to build a network; where to focus and when; and most importantly, how to avoid common pitfalls. His advice has proven to be crucial to take Lingvist to the point where we are now. I feel that his contribution has been so big that I could almost call him a co-founder.“
CEO and Co-founder
“I have worked side by side with Tera’s team since the concept of Jobbatical was just a pitch deck to the point where we have paying business clients spanning across forty-four countries. They have been my mentors, partners and also the ones asking difficult questions when needed. They were also very helpful mentors during the time when we started our first negotiations with international VCs. Probably my biggest surprise was to have their kind of expertise and knowledge in our local Estonian market.”
CEO and Co-founder
We invest in future global category leaders at their seed stage.
We are focusing on born-global digital startups creating network effects, applying machine learning, and other enabling technologies to business models which will become the infrastructure of and deeply impact our future lives.
We are vertical and business model agnostic.
Our region is Estonia (incl. eligible e-residents), Finland, Denmark, Latvia, Lithuania, Poland, Sweden and the Czech Republic.
We build presence and networks in the markets where our portfolio companies want to expand to. With a presence in Estonia, Finland, and California, we are supported by a global advisory network of experienced investors, industry experts, and growth operations people willing to take the long journey with us to the finish line.
Our team has made the journey from the inception to the exit in several technology companies on both operational and investor side. We are laid back but straightforward, we want our companies and our founders to succeed, whatever it takes.
Andrus Oks spent over eight years at SmartCap, investing in nine seed stage startups. He has had five exits so far, including GrabCAD, Estonia’s top recent exit. Other notable exits are Modesat Communications and Wise Guys. He currently manages Lingvist, Realeyes and Sportlyzer.
Previously a digital entrepreneur himself, he knows the founder’s journey well.
Andrus is a founding partner of Tera Ventures.
Stanislav Ivanov spent over six years investing at SmartCap, investing in six startups. He currently manages Cleveron, Defendec, Jobbatical, Monese, Scoro and Thinnect. He recently successfully sold VitalFields to Monsanto.
His previous career was in ITC and included deep tech and leading roles in R&D, infrastructure and business software consulting. He spent seven years with IBM as a country manager. He has also founded two e-commerce startups.
Stanislav is an active advisor in selection and mentoring at several accelerators: Startup Wise Guys, BuildIt, Prototron, and Tehnopol.
Stanislav is a founding partner of Tera Ventures.
James McDougall’s career has spanned 25 years as an executive in public and private companies in the US, Asia, and Europe. He has raised over $250 million in funding for his companies.
James currently manages Goliath Wind, My!Wind, Biotatec, Defendec and Thinnect.
James is a founding partner of Tera Ventures.
Martin Hendre has worked 15 years as an executive and fund manager heading global equity and multi-asset institutional investments, including pension funds. In his management board roles, Martin has successfully built and transformed investment management companies and operations. His venture investment and advisory work has focused on fintech, investment services innovation, financial intermediation and infrastructure.
Martin is Operating Partner in Tera Ventures.
Article from TechCrunch (Sept. 6, 2018): The large amounts of cash that is being invested in challenger banks in the U.K., whether that be startups with a fully fledged banking license or those using the less burdensome e-money regulations, shows no signs of abating. The latest banking fintech to raise a substantial new round is Monese. […]
January 30, 2018 – Tallinn, Estonia: Tera Ventures announces a new fund to be closed in 2018, Tera Ventures Fund II with a target size of €55 million (1st closing targeted for early this year). The majority of the capital has been committed by some of the most prolific Estonian, pan-European, and global investors. The […]