Tera Ventures
VC Fund
Tallinn, Estonia
Tera Ventures is an Estonian venture capital firm investing in early stage born-global digital startups. 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. AI powered innovations, an area we have been actively investing in for over 15 years, is at the core of investment focus across both pure Enterprise SaaS as well as Robotics/Deeptech applications. With a cross industry remit, FinTech and Security remain priority sectors for Tera, even more so today than in case of our first fund. We are hands-on and founder-friendly, we lead rounds, our goal is also to support portfolio companies across the early rounds with our follow-on investments. Over the years, Tera team has had considerable success in assisting portfolio companies’ entry, facilitating collaboration with international corporations, and raising additional capital from top-tier VCs in the US, the UK and Japan. We are supported by a global advisory network also providing portfolio companies with access to expertise. 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.
- Total investments:
- 71
- Last investment:
- Lead investor:
- 62%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Tera Ventures invests in
Stages Tera Ventures invests in
Countries Tera Ventures invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $600k–$3.8M
- Pre-Seed
- $120k–$2.2M
- Series A
- $1.6M–$14M
Investment Focus
Industry
- Software 15 (21%)
- Artificial Intelligence 8 (11%)
- FinTech 6 (8%)
- E-Commerce 6 (8%)
- Finance 5 (7%)
Stage
- Seed 30 (42%)
- Series A 14 (20%)
- Pre-Seed 7 (10%)
- Series B 3 (4%)
- Funding Round 3 (4%)
Country
- Estonia 21 (30%)
- United States 7 (10%)
- United Kingdom 3 (4%)
- Finland 2 (3%)
- Czech Republic 2 (3%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Stanislav Ivanov
Founding Partner
|
Founding Partner | Total investments: 9 | Find email | |
|
Andrus Oks
Founding Partner
|
Founding Partner | Total investments: 7 | Find email | |
|
David Clark
Platform Partner
|
Platform Partner | Total investments: 0 | Find email | |
|
Eamonn Carey
General Partner
|
General Partner | Total investments: 58 | Find email | |
|
Helis Lipping
Operations and Communications
|
Operations and Communications | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Flowstep is a copilot that assists in designing products. | $2.6M / Seed / Jun 27, 2025 | ||
| 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, Blackwallsafeguards 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. | $48.8M / Series B / Mar 13, 2025 | ||
| Cino is a mobile app that enables group payments with seamless, real-time bill splitting. | $3.7M / Seed / Mar 04, 2025 | ||
| Miros utilizes advanced AI technology to analyze shopper behaviors, identifying key interactions like scrolls and clicks to enhance user experience. This innovative feature allows customers to browse the store without typing, improving engagement and simplifying the shopping process. Miros also offers insights and expert blogging on leveraging AIfor product discovery to help grow e-commerce businesses. ---eCommerce loses half of its sales because in this industry nobody knows how to make the products findable.If you can’t find, you can’t buy. No universal taxonomy exists to describe visual items. Shoppers do not know the right words to search for what they like.Meanwhile, because you can’t filter products by how much you like them, you’ll have to browse thousands of products – many of which you’ll dislike. When shopping feels tedious, the shopper quits.Miros gives shoppers a new language to express what they are looking for - far richer and more accurate than any existing search technology. | $6.6M / Seed / Nov 05, 2024 | ||
| Mifundo is a data-technology to unify and passport the credit data in Europe. For Banks: Cross-border credit data from different countries over one single API, standardised credit risk assessment, pan-EU credit score. For Consumers: Verified & Passportable Financial Identity to be trusted across country borders. | $1.3M / Seed / Jul 15, 2024 | ||
| CARÁ Health is creating a hybrid health and well-being platform for women throughout any stage of maternity to make them feel empowered and make informed choices. We do this by combining all verticals a woman needs (and does not yet knows she needs) during the maternity period, including education, products, podcasts, masterclasses, and servicerecommendations. | $674.5K / Seed / May 17, 2024 | ||
| 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. | $1.6M / Series A / Apr 24, 2024 | ||
| 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. | $1.6M / Seed / Apr 24, 2024 | ||
| Supersimple helps B2B SaaS teams make better decisions using data. | $2.2M / Pre-Seed / Apr 02, 2024 | ||
| Rendin is a long-term home renting service that replaces security deposits and guarantees rental income. | $2.2M / Venture - Series Unknown / Mar 20, 2024 | ||
| See all 71 investments → | |||
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FAQ
What does Tera Ventures invest in?
Tera Ventures invests primarily in Software, Artificial Intelligence and FinTech startups, most often at Seed and Series A stage. Most of the 71 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Tera Ventures invest in?
Tera Ventures typically joins rounds of $600k–$3.8M at Seed, $120k–$2.2M at Pre-Seed and $1.6M–$14M at Series A. These are whole funding-round sizes, not Tera Ventures's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Tera Ventures took part in.
How do I contact Tera Ventures?
Public channels for Tera Ventures include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Tera Ventures?
The team at Tera Ventures includes Stanislav Ivanov (Founding Partner), Andrus Oks (Founding Partner) and David Clark (Platform Partner). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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