RE: FED wednesday17 Sep 2025 15:00
Tern
What do they do ?
Tern PLC is a London-based venture capital and investment company that focuses on acquiring and investing in early-stage, high-growth Internet of Things (IoT) technology businesses. They primarily target software companies that develop solutions for the healthcare and industrial sectors, with an emphasis on IoT security, enablement, and analytics.
Tern's business model:
Tern invests in promising, early-stage IoT businesses that have proven technology and existing intellectual property.
It operates with a "hands-on" approach, taking an active role in its investee companies to help them grow and expand globally.
The goal is to increase the value of these portfolio companies and identify opportune exit strategies to maximize returns for its shareholders.
In addition to capital, Tern provides strategic and operational support to its portfolio companies, assisting them in scaling their businesses into larger markets like the EU and US.
Key portfolio companies:
Tern's portfolio includes several promising technology firms:
Device Authority Limited: Specializes in identity and access management for the IoT.
Wyld Networks AB: Provides wireless connectivity between IoT sensors and low Earth orbit (LEO) satellites.
FundamentalVR (FVRVS Limited): A virtual reality and data analysis platform used for surgical and medical training.
Sure Valley Ventures UK Software Technology Fund (SVV): Tern also has an interest in this fund, which invests in early-stage software companies in the fields of AI, VR, AR, and IoT.