14.04.2021
Tera Ventures closes €43M fund to boost seed-stage startups in the “New Nordics” with the help of global strategic LPs
Tallinn, April 13 2021 – Tera Ventures, one of the longest-running seed-stage funds in the “New Nordics” (Nordic & Baltic countries), brings its fund size to €43M with several global investors stepping in as limited partners.
Tera is an early-stage venture capital firm with more than 10 years of experience in propelling Nordic and Baltic founders to the global stage. It has invested in several prominent European startups, including the UK-based neobank Monese, business management software Scoro, proptech platform Rendin, and IP-licensing management platform Brainbase. Previous successes include GrabCAD (acquired by Stratasys) and Vitalfields (acquired by Monsanto).
Tera Ventures said it has closed its new fund for seed-stage investments in the Nordic and Baltic area at 43 million euros.
Tera is an early-stage venture capital firm with more than 10 years of experience. It has invested in several prominent European startups, including the UK-based fntech Monese, business management software Scoro, proptech platform Rendin, and IP-licensing management platform Brainbase. Previous successes include GrabCAD (acquired by Stratasys) and Vitalfields (acquired by Monsanto). “The obvious benefit to founders is that we have more capital to deploy.”
Stanislav Ivanov, Founding Partner at Tera Venture
“But additionally, now more than ever, we are able to connect entrepreneurs with top international investors and help them engage in commercial collaboration with the strategic ones. We’re also gearing towards extending these opportunities to deal-flow companies,” Ivanov said in a statement.