Tera Ventures

Founding partners Andrus Oks and Stanislav Ivanov lead the investment committee and originate most deals. The firm maintains a lean partnership structure consistent with regional micro-VCs managing sub-€100M vehicles. Day-to-day sourcing and portfolio support runs through the Tallinn-based team.

Tera sources from inside the Estonian, Latvian, Lithuanian, and broader CEE technical networks, not through conventional brokerage channels. Oks and Ivanov function as repeat first-call nodes for founders emerging from Bolt, Skype, Wise, and Pipedrive alumni circles. The firm's deal flow is structurally proprietary because it relies on introductions that occur years before companies formally raise.

Tera Ventures is a traditional venture capital manager raising closed-end funds from institutional LPs, development finance institutions, and high-net-worth individuals. It is not a single-family office. The firm is regularly categorized as an alternative asset manager by data vendors but operates without reporting AUM.

Tera targets pre-seed and seed as its entry point, with initial checks sized for first-institutional-round economics. It reserves for follow-on deployment up to Series A, occasionally participating alongside international co-investors. The firm does not write Pre-Series B or growth-stage checks.

Tera avoids deep-tech hardware, life sciences that require FDA-level regulatory cycles, and clean energy infrastructure. Its competence set and check sizes map to capital-efficient digital businesses in enterprise software, fintech, applied AI, cybersecurity, and digital health.

The firm is not formally affiliated with Estonia's e-residency program but benefits from it indirectly. Portfolio companies incorporated in Estonia can access EU market licensing and banking rails through the country's digital infrastructure. This regulatory advantage is a recurring underwriting factor the firm emphasizes internally.

Tera typically leads or co-leads rounds and syndicates with London- and Berlin-based venture firms. It does not operate a passive co-investment vehicle. External GPs in portfolio rounds serve as strategic validators rather than structural partners, and Tera maintains its own board seat in most deals.