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Company Details
Fund type
VC
Team size
6
HQ location
Tallinn, Estonia
Other offices
No
VC advisor team
6
VC classification
EuVECA
INVESTMENT SCOPE
Investment stages
Pre-seed, Seed
Average ticket size
From EUR 200,000 to 1.5 million
Startup geography
Mainly Estonia, but also Denmark, Sweden, Finland, Latvia, Lithuania, Poland, Czechia.
EU impact classification
Verticals and technologies
Agnostic within digital, prefer Fintech, Automation
Tera Ventures
Investing in early stage digital startups, mainly from Estonia but also the Nordics, Baltics and Eastern Europe
- Pre-seed, Seed
- Estonia
About
Tera Ventures is an Estonian venture capital firm investing in early stage born-global digital startups. We currently invest out of our EUR 45 million 2nd fund. Our goal is to discover world class founders tackling big problems and support them on the way to become the industry leaders.
Portfolio
Portfolio size
16
Annual investments
5-6
Highlighted portfolio companies
Monese, Montonio, Realeyes
Exits
9 exits in Fund I, incl. GrabCAD, VitalFields and Modesat
Active Funds
Fund
2
- Launch year:
2018
- Size (AUM):
45m EUR
- Investor involvement:
16 LPs, incl. Itochu, Mistletoe, EIF, Perot Jain
- Fund management location:
Estonia
Asia Connection & Vision
Tera is specifically catering towards our LPs interest to also directly invest in portfolio and dealflow companies as well as provide wider market insights to them. We have several investors in Fund II with such interest, out of total 16 most are located in New Nordics, 3 from the US (incl. Perot Jain) and 2 from Japan – Itochu and Mistletoe. This approach fits particularly well with the Japanese innovation model – by investing in our fund, on top of the financial return, they can also get insights into the innovation in our region.
Tera’s model involves propelling our startups on to a global market including Japan – Japan being Estonia’s best partner in Asia. And vice versa – our region and Estonia in particular can be a great access point to the EU market for Japanese companies.
Several notable Japanese investors have invested in Tera’s portfolio companies after us – Mistletoe, Rakuten, Global Brain, NTT Docomo, Nordic Ninja. Their aim is also to help these companies to address Japanese and Asian markets.
INVESTOR COLLABORATION
- Lead investments:
Yes
- Syndicate investments:
Yes
- Follow investments:
Yes
UPCOMING FUND
Fund thesis
Will start fundraising approx in early 2023