Ellex has advised Tera Ventures on leading a EUR 700,000 financing round for Estonian start-up 10Lines.
According to Ellex, 10Lines has developed autonomous parking lot and road line-marking robots. The US investment company Perot Jain participated as a co-investor. According to the firm, “the investment from Tera and Perot Jain will allow the company to complete the development and production of its technology, begin scaling the business and bring on additional team members.”
Ellex’s team included Counsel Antti Perli, Associate Merlin Liis-Toomela, and Lawyer Priit Pruks.
Ellex could not provide additional information on the deal.