Tercera is a growth equity and advisory firm specializing in the cloud professional services and IT services market. It invests in people-centric technology services businesses, typically taking minority stakes of $5M–$20M in companies with $5M–$20M in revenue, providing capital, counsel, and connections to help them scale.
43% of their portfolio is in Legal. Their most common stage is series-a (57% of deals). Average disclosed round size is $14.9M (across 5 rounds with reported amounts).
Portfolio
6
Fund Size
$225M
Top Stage
Series A
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
7 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Auctor | Series A | $20M | Jan 2026 |
 Auctor | Series A | $20M | Jan 2026 |
 Hakkoda Inc | Unknown | — | May 2023 |
 Valiantys | Unknown | — | Jul 2022 |
| Hakkoda Inc | Unknown | $5.6M | — |
| BBeyondID | Series A | $9M | — |
 Auctor | Series A | $20M | — |
Top Co-Investors
M123 shared
Workday Ventures3 shared
HubSpot Ventures3 shared
Y Combinator3 shared
Sequoia Capital3 shared
Lead Edge Capital2 shared
Workday1 shared
Last updated: 20 October 2026