Tallinn’s seed-stage focused Tera Ventures closes €43 million fund

Tallinn-based Tera Ventures has closed a new fund, topping out at €43 million, with a global base of limited partners participating. 

Tera will now count the European Investment Fund, under the EstFund,  LHV Pension Funds, ITOCHU Corporation, Mistletoe Venture Partners International, Perot Jain, MasterBorn, Inc., Eastport Strategies Principl Jonas E. Neihardt, as well as other investors from the Nordics and Estonia as LP’s.

“We really admire the Nordic model of nurturing born-global startups. This is why we’re excited to partner with Tera Ventures as they have had an up-close view of the region’s success stories. Our network of businesses spans many industries and geographies across Asia and beyond, so we hope to introduce new and exciting opportunities for European companies,” comments Yusuke Sugihara, Head of LP Investment Strategies, ICT Division at ITOCHU Corporation

Tera has more than 10 years of experience in investing specifically in Nordic and Baltic founders. Previous backings include Monese, Scoro, Rendin, and Brainbase, and the firm has demonstrated two exits with GrabCAD (acquired by Stratasys) and Vitalfields (acquired by Monsanto).

Perhaps taking note of our analysis of the Forward Partners and Landscape VC report, Tera says they provide a supportive culture where “founders benefit from a co-founder-like mindset”. 

“The obvious benefit to founders is that we have more capital to deploy. 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,” adds Founding Partner Stanislav Ivanov. “We’re also gearing towards extending these opportunities to deal-flow companies.”