Ellex Raidla has advised Tera Ventures on its investment in Estonian property rental start-up Rendin.
Rendin is a Tallinn-based developer of a long-term home rental agreement platform. According to Ellex Raidla, Rendin raised a total of EUR 1.2 million from a group of investors led by Tera Ventures that included Iron Wolf Capital, Truesight Ventures, Atomico Angel Program, Startup Wise Guys, and a number of angel investors. Rendin is expected to use the investment to expand its core team in Estonia and launch its platform in Poland.
Tera Ventures is an Estonian venture capital fund which invests in early-stage global digital startups. The company was founded in 2016 and currently manages 12 active investments.
Ellex Raidla’s team consisted of Counsel Antti Perli, Senior Associate Hanna Pahk, and Associate Merlin Liis.
Ellex Raidla did not reply to an inquiry about the deal.