# Terrain: portfolio, investments and team > Terrain is a vc firm based in Luxembourg. 1 investment on record, latest Apr 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/terrain (Millionrounds; every figure on the page links to its filing or article) Luxembourg · [Investor](https://millionrounds.com/investors) # Terrain Filed with the SEC to raise a fund in Jul 2026. Last cheque observed Apr 2025. Email VC firm Quiet New fund, Jul 2026 Series B Venture Capital & Private Equity Follow Terrain and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fterrain) Cheques on record **0%** of best year **0** **cheques in 12 months**, 1 on record Since the last cheque **573** days **00** hrs **00** min **00** sec Median round **$200M** Rounds led **0 of 1** Pitch Terrain ## Terrain highlights - 01 1 rounds on record - 02 Mostly Series B: 100% of its rounds ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Venture Capital & Private Equity - **Based in:** Leudelange, Luxembourg - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **1 appearances** - **2025** 1 round - **Apr** **[Base Power](https://millionrounds.com/company/base-power)** Series B · US · Crunchbase News **$200M** With 7 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 Named by the firm itself, on a filing, its Form ADV or its company registration **1 named** ES **Eric Stromberg** Manager i Filing they signed We also hold **1** person 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. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$91M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Terrain Capital Management, LLC - **SEC number:** CRD 333460 New fund on file **Raised** a new fund in Jul 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Series B Median round joined **$200M** the round, not its cheque Led 0 of 1 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Apr 2025 Rounds by stage said on their site - Series B *1* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Terrain?** 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 *→* ## Quick answers about Terrain ### What does Terrain invest in? Terrain invests most often at Series B (100% of the rounds on record), in sectors such as Venture Capital & Private Equity. ### How active is Terrain? 1 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2025. ### What has Terrain invested in recently? Its most recent investments on record: Base Power (Series B, Apr 2025). ### How big are Terrain's cheques? The median round it joins is $200M. ### Is Terrain investing now? No investments in the last 12 months; the latest was in Apr 2025. ### What kind of investor is Terrain? Terrain is a VC firm based in Leudelange, Luxembourg. ### How much does Terrain manage? About $91M, as gross assets of its private funds (Oct 2026). ### Has Terrain raised a new fund? Its latest fund filing with the SEC was in Jul 2026. ## 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=terrain) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=terrain)