Tera Ventures co-leads €1.5m investment to Estonian robotics company 10Lines

Ellex in Estonia advised Tera Ventures in connection with the €1.5 million investment round to 10Lines, the Estonian start-up that has developed autonomous parking lot and road marking robots.

The round was led jointly by Tera Ventures and Karista, with participation from Butterfly Ventures and Mike Oliinyk.

With the €1.5 million in funding, 10Lines plans to advance the development of its autonomous robots and software. Additionally, the company aims to expand its operations in the US and scale up its team.

With a mission to revolutionize traditional line marking processes, 10Lines utilizes cutting-edge robotics and AI technologies to automate line marking operations. The company’s innovative solution eliminates the need for manual processes, resulting in unparalleled efficiency and cost savings.

Tera Ventures, as well as 10Lines, were advised by Partner Antti Perli.