Estonia · 
Who invested in Mifundo?
Mifundo's investors include Tera Ventures, EIC Accelerator, Sergei Anikin, Mihkel Karu and Opus11 VC. Tera Ventures led its latest round.
2025
$2.7MGrant$1.3MPre-seed
Estonia · Pre-seed startup
Who invested in Mifundo
Funding summaryUpdated 26 Oct 2026
$4.0Mraised across 2 rounds since 2024, from 2 sources
$2.7MGrant$1.3MPre-seed
- Latest round
- Pre-seed, $1.3MSept 2024
- Led by
- Tera Ventures
- Biggest round
- $2.7MGrant · Jul 2024
- Investors
- 5 (1 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Grant, $2.7M Jul 2024
- Biggest round
- $2.7M Grant · Jul 2024
- Between rounds
- 3 months from the last two
The rounds
- Sept 2024
- Jul 2024
Founders and team
From Mifundo's own website: 2 founders, 8 on the team.
- Enrique VelazquezChief Data and Policy Officer
- Jaak ErmChief Credit Risk Officer
- Jüri PruulmannChief Technology Officer
- Kadri Reidla-van der LaanChief Legal Officer
- Keiu KalausChief Product Officer
- Alex BlayHead of Strategic Partnerships, Southern Europe
- Mihkel KaruProduct Head of Open Banking
- Triin PreemHead of Strategic Partnerships, Northern Europe
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Sergei AnikinAngel1round
Mihkel KaruVC firm1round
Missing a round, or an investor who was in one? Tell us.
Quick answers about Mifundo
How much has Mifundo raised?
Mifundo has raised $4.0M across 2 rounds since 2024.
When did Mifundo last raise?
Mifundo's most recent round was a Pre-seed of $1.3M in Sept 2024, led by Tera Ventures.
What was Mifundo's biggest round?
Mifundo's largest round on record is $2.7M (Grant), in Jul 2024.
Who backed Mifundo first?
Mifundo's first round on record, in Jul 2024, was backed by EIC Accelerator.
What stage is Mifundo at?
Mifundo's latest named round is a Pre-seed, in Sept 2024.
Where is Mifundo based?
Mifundo is based in Estonia.
Who led Mifundo's rounds?
Tera Ventures led the Pre-seed in 2024.
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