# Mifundo funding: rounds and investors

> Mifundo has raised $4.0M across 2 rounds since 2024. Investors include Tera Ventures, EIC Accelerator and Sergei Anikin. Every round with its source.

Source: https://millionrounds.com/company/mifundo (Millionrounds; every figure on the page links to its filing or article)

Estonia · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Mifundo*

2 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Big Data & Analytics Financial Services Fintech

Funding summary Updated 26 Oct 2026

**$4.0M** raised across 2 rounds since 2024, from 2 sources

**$2.7M** Grant **$1.3M** Pre-seed

- **Latest round:** Pre-seed, $1.3M Sept 2024
- **Led by:** Tera Ventures
- **Biggest round:** $2.7M Grant · Jul 2024
- **Investors:** 5 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2025

**$2.7M** Grant

**$1.3M** Pre-seed

- **First round:** Grant, $2.7M
- **Biggest round:** $2.7M
- **Between rounds:** 3 months

## The rounds

- **Sept 2024** Pre-seed **$1.3M** *4 new* [Tera Ventures](https://millionrounds.com/fund/tera-ventures) Lead [Sergei Anikin](https://millionrounds.com/fund/sergei-anikin) [Mihkel Karu](https://millionrounds.com/fund/mihkel-karu) [Opus11 VC](https://millionrounds.com/fund/opus11-vc) Reported by Tera Ventures
- **Jul 2024** Grant **$2.7M** *1 new* [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Source recorded

## Founders and team

From Mifundo's own website: 2 founders, 8 on the team.

**Kaido Saar** Co-Founder & CEO

**Marko Käis** Co-Founder & Technical Architect

- **Enrique Velazquez** Chief Data and Policy Officer
- **Jaak Erm** Chief Credit Risk Officer
- **Jüri Pruulmann** Chief Technology Officer
- **Kadri Reidla-van der Laan** Chief Legal Officer
- **Keiu Kalaus** Chief Product Officer
- **Alex Blay** Head of Strategic Partnerships, Southern Europe
- **Mihkel Karu** Product Head of Open Banking
- **Triin Preem** Head 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.

**Grant** 2024 **Pre-seed** 2024 [Tera Ventures](https://millionrounds.com/fund/tera-ventures) L [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [Sergei Anikin](https://millionrounds.com/fund/sergei-anikin) [Mihkel Karu](https://millionrounds.com/fund/mihkel-karu) [Opus11 VC](https://millionrounds.com/fund/opus11-vc)

## Everyone who backed them

[Tera Ventures](https://millionrounds.com/fund/tera-ventures) VC firm **1** round, led 1

[EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Government **1** round

[Sergei Anikin](https://millionrounds.com/fund/sergei-anikin) Angel **1** round

[Mihkel Karu](https://millionrounds.com/fund/mihkel-karu) VC firm **1** round

[Opus11 VC](https://millionrounds.com/fund/opus11-vc) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mifundo).

## Quick answers about Mifundo

### 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.

### 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.

## Companies like Mifundo

In the same sector, and raised in the last eighteen months.

[**Cachet** $18M · Oct 2026](https://millionrounds.com/company/cachet)[**Creem** $7.8M · Sept 2026](https://millionrounds.com/company/creem)[**Fintellect** $100K · May 2025](https://millionrounds.com/company/fintellect)[**Co-one** $1.1M · May 2025](https://millionrounds.com/company/co-one)[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)

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