# Tera Ventures: portfolio, investments and team > Tera Ventures is a vc firm based in Estonia. 9 investments on record, 1 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/tera-ventures (Millionrounds; every figure on the page links to its filing or article) Estonia · [Investor](https://millionrounds.com/investors) # Tera Ventures Last cheque observed Oct 2026; 9 cheques on record. Email Deploying now VC firm Pre-seed Seed Series A Generalist Fintechs Data Science Follow Tera Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ftera-ventures) Deploying now **20%** of best year **1** **cheques in 12 months**, 9 on record Since the last cheque **11** days **00** hrs **00** min **00** sec Median round **$2.6M** Cheque size, as they say **$200K – $1.0M** Rounds led **4 of 9** Mostly in **Estonia, 78%** Pitch Tera Ventures ## Tera Ventures highlights - 01 1 cheques in the last 12 months - 02 Mostly Seed and Pre-seed: 67% of its rounds - 03 Led 4 rounds ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** $200K – $1.0M as they say - **Stages:** Pre-seed Seed Series A - **Sectors:** Generalist Fintechs Data Science - **Based in:** Tallinn, Estonia - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **9 appearances** - **2026** 1 round - **Oct** **[Blackwall](https://millionrounds.com/company/blackwall)** Series C · GB · ArcticStartup **$100M** With 3 others - **2025** 2 rounds - **Jun** **[Flowstep](https://millionrounds.com/company/flowstep)** Seed · GB · Tera Ventures **$2.6M** With 8 others - **Mar** **[Cino](https://millionrounds.com/company/cino)** Seed · EE · TechCrunch **$3.7M** With 5 others - **2024** 5 rounds - **Nov** **[Miros](https://millionrounds.com/company/miros)** Pre-Series A · EE · EBRD Venture Capital **$6.6M** *Led* - **Sept** **[Mifundo](https://millionrounds.com/company/mifundo)** Pre-seed · EE · Tera Ventures **$1.3M** *Led* - **May** **[CARÁ Health](https://millionrounds.com/company/cara-health-2)** Seed · EE · Tera Ventures **$675K** *Led* - **Apr** **[10Lines](https://millionrounds.com/company/10lines)** Seed · EE · Tera Ventures **$1.6M** *Led* - **Mar** **[Blackwall](https://millionrounds.com/company/blackwall)** Series A · EE · MMC Ventures **$13M** With 3 others - **2023** 1 round - **Nov** **[Flowstep](https://millionrounds.com/company/flowstep)** Pre-seed · EE · Firms' own news pages **$805K** With 2 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **5** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. Who backs their funds ## 2 LPs on record in Tera Ventures's funds - **Funds:** 1 The institutions that put money into its funds, which the firm then invests in companies. Source: an LP list. - [**LHV Ventures** 1 fund](https://millionrounds.com/fund/lhv-ventures) Fund Vintage Committed Tera Ventures - - - [**Perot Jain** 1 fund](https://millionrounds.com/fund/perot-jain) Fund Vintage Committed Tera Ventures - - ## The cheque Pre-seed Seed Series A Median round joined **$2.6M** the round, not its cheque Led 4 of 9 rounds **44%** - **Said size:** $200K – $1.0M - **Sole investor:** Never alone - **Last cheque:** Oct 2026 Rounds by stage said on their site - Seed said *4* - Pre-seed said *2* - Pre-Series A *1* - Series A said *1* - Series C *1* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Specialist VC](https://millionrounds.com/fund/specialist-vc) 3 - [MMC Ventures](https://millionrounds.com/fund/mmc-ventures) 2 **Pitching Tera Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Tera Ventures. A count of rooms they were both in, not a relationship either has claimed. [**Specialist VC** VC firm **3** rounds together](https://millionrounds.com/fund/specialist-vc)[**MMC Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/mmc-ventures) ## Recently backed The latest companies Tera Ventures put money into. [**Blackwall** $100M · Oct 2026](https://millionrounds.com/company/blackwall)[**Flowstep** $2.6M · Jun 2025](https://millionrounds.com/company/flowstep)[**Miros** $6.6M · Nov 2024](https://millionrounds.com/company/miros)[**Mifundo** $1.3M · Sept 2024](https://millionrounds.com/company/mifundo)[**10Lines** $1.6M · Apr 2024](https://millionrounds.com/company/10lines) ## Mentioned on podcasts Episodes that name Tera Ventures in their description, not their title. - [Venture Everywhere](https://millionrounds.com/podcasts/venture-everywhere) 2 Nov 2023 · 26 min Stacked with Stackend: Andreas "Anton" Ströberg with Eamonn Carey With [Eamonn Carey](https://millionrounds.com/person/eamonn-carey) Mentions [Tera Ventures](https://millionrounds.com/fund/tera-ventures) Apple PodcastsShow page - [Venture Everywhere](https://millionrounds.com/podcasts/venture-everywhere) 20 Sept 2023 · 20 min Reduce, Reuse, Recycle, Rentle: Tuomo Laine with Eamonn Carey Mentions [Tera Ventures](https://millionrounds.com/fund/tera-ventures) Apple PodcastsShow page ## Quick answers about Tera Ventures ### What does Tera Ventures invest in? Tera Ventures invests most often at Seed and Pre-seed (67% of the rounds on record), in sectors such as Generalist, Fintechs and Data Science. ### How active is Tera Ventures? 9 investments on record, 1 of them in the last 12 months, and it led 4. The most recent was in Oct 2026. ### What has Tera Ventures invested in recently? Its most recent investments on record: Blackwall (Series C, Oct 2026), Flowstep (Seed, Jun 2025) and Cino (Seed, Mar 2025). ### How big are Tera Ventures's cheques? The median round it joins is $2.6M. It says it writes cheques of $200K to $1.0M. ### Does Tera Ventures lead rounds? Yes: it led 4 of its 9 investments on record (44%). ### Where does Tera Ventures invest? Most of the companies it backs are in Estonia (78%) and the United Kingdom (22%). ### Is Tera Ventures investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does Tera Ventures invest alongside? Most often Specialist VC (3 rounds together) and MMC Ventures (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=tera-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=tera-ventures)