10Lines secures €1.5M investment round to expand its presence in the US Market

10Lines secures €1.5 Million investment round to expand its presence in the US Market

10Lines, the Estonian start-up pioneering autonomous line marking technology, announced today the successful closure of its latest investment round, raising €1.5M. The round was led jointly by Tera Ventures and Karista, with participation from Butterfly Ventures and Mike Oliinyk (Ex Uber,  Wise, Wolt).  This significant investment will fuel 10Lines expansion efforts, particularly in the US market, where the company has already established a presence.

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 for operators. 

Having already made inroads into the US market, 10Lines is poised to capitalize on the growing demand for autonomous line marking solutions. The additional capital will enable 10Lines to accelerate the development of its autonomous robots and software, expand its team of top-tier engineering talent, and strengthen its market presence in the USA.

As 10Lines continues to expand its reach, the company remains committed to delivering cutting-edge technology that not only enhances productivity but also contributes to a more sustainable and environmentally friendly future.

“The 10Lines team is creating its own product category with an ingenious application of AI and Robotics to automate line marking operations. We are honored to support their vision and expand their offering to the rest of Europe and the US,” said James McDougall, Venture Partner at Tera Ventures.

“Investing in 10Lines represents a one-of-a-kind opportunity on a large downstream application of the space ecosystem. Our investment is consistent with our strategy towards building Space Tech leaders of the next decade. We were convinced by 10Lines’s professional team, which combines domain expertise and software start-up experience. In addition to the very strong customer benefits provided by the company’s solutions, the solid business model and large potential market size, this makes for a very promising investment for Karista.”, commented Emmanuel Daugeras, Investment Director at Karista.

“We are thrilled to be part of 10Lines journey and invest into their cutting-edge robotics technology and shaping the future of the pavement marking market" said Venture Partner Anti Kodar at Butterfly Ventures.  

About 10Lines
10Lines has developed technology for pavement marking that will allow operators to replace the existing manual process with an automated solution. The company’s robots and software can complete line markings seven times faster than current processes, cutting out exhaustive measuring and pre-marking and significantly reducing the requirement for human oversight. 10Lines was founded in 2019 by Tarmo Prints and Janno Paas. www.10linesrobots.com

About Tera Ventures
Tera Ventures is an Estonian venture capital firm investing in early-stage born-global digital startups. We currently invest out of our 45 MEUR 2nd fund. Tera’s goal is to discover world class founders tackling big problems and support them on the way to become the industry leaders. www.tera.vc

About Butterfly Ventures
Butterfly Ventures is the leading seed-entry deep tech VC in the Nordics. Butterfly Ventures was founded in 2012. Butterfly has a heavy impact focus, and it invests in science-based deep tech and hardware startups in the Nordics and Baltics. Butterfly Ventures has offices in Oulu (FIN), Helsinki (FIN), Stockholm (SWE), Tallinn (EST) and Copenhagen (DNK). www.butterfly.vc

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