AIClimate & EnergyCrypto & Web3Developer ToolsEnterprise SoftwareFintechHardware & SemiconductorsInsuranceMarketing & AdvertisingRobotics & Automation
Terrain is an early-stage technology investment firm and creative partner to founders, launched in 2024 by Eric Stromberg and Willem Van Lancker. It invests in a highly concentrated fashion across software and technology sectors, backing founders pursuing high-stakes, long-term ambitions.
40% of their portfolio is in Fintech. They made 1 investments in the last 12 months. Their most common stage is seed (40% of deals). Average disclosed round size is $245.8M (across 5 rounds with reported amounts).
Portfolio
4
Fund Size
—
Top Stage
Seed
Last 12 Mo
2
Team
MR
Michael Ramsden
Managing Director and founding Director
ES
Eric Stromberg
Founder & Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Parallel | Series B | $100M | Jan 2026 |
 Base Power Company | Series C | $1B | Oct 2025 |
 CoPlane | Seed | $14M | — |
| Parallel | Series A | $100M | — |
| AAIUC | Seed | $15M | — |
Top Co-Investors
Spark Capital3 shared
Ribbit Capital2 shared
Kleiner Perkins2 shared
First Round Capital2 shared
Index Ventures2 shared
Khosla Ventures2 shared
137 Ventures1 shared
Avenir Growth1 shared
Gil Capital1 shared
Altimeter Capital Management, LP1 shared
Lowercarbon Capital1 shared
Positive Sum1 shared
Waybury Capital1 shared
StepStone Group1 shared
First Trust Capital Partners1 shared
Addition1 shared
BOND1 shared
Valor Equity Partners1 shared
Lightspeed Venture Partners1 shared
Last updated: 14 September 2026