Tern PLC - we back growing IoT companies
Tern PLC is a public company based in London that specializes in investing in growing Internet of Things (IoT) companies. With a small team of eight, Tern PLC focuses on technology investment and supports businesses in enhancing their market presence and capital efficiency.
Company Overview
Tern PLC operates within the Financial Services industry, focusing on investment in the Internet of Things (IoT) sector. The company is classified as a public company and has a team size of eight, categorizing it as a very small business. Tern PLC emphasizes its commitment to building IoT businesses, partnering with companies to enhance their growth and market presence. The company's headquarters is located in London, GB, with an additional location in Orinda, US.
Investment Focus
Tern PLC specializes in technology investment, particularly in the IoT and Industrial Internet of Things (IIoT) sectors. The company seeks to invest in cutting-edge software companies and aims to take equity positions in market leaders with near-term value potential. Tern PLC engages in long-term partnerships to support business growth and market expansion, focusing on companies with established revenue streams and intellectual property.
Portfolio Companies
Tern PLC backs several companies in its investment portfolio, including Wyld Networks, Device Authority, Fundamental VR, and Talking Medicines. Wyld Networks provides satellite IoT solutions, while Device Authority offers security solutions for IoT devices through its KeyScaler® platform. Fundamental VR develops virtual reality platforms for surgical training, and Talking Medicines uses AI to analyze patient sentiment for pharmaceutical marketing. The portfolio reflects Tern PLC's focus on companies at the forefront of immersive technology and metaverse innovation.
Strategic Initiatives
Tern PLC participates in the Sure Valley Ventures UK Software Technology Fund and emphasizes the importance of Environmental, Social, and Governance (ESG) principles in its operations. The company aims to improve capital efficiencies and build sales and marketing strategies to increase market penetration in the UK and overseas. Tern PLC provides strategic support and market access to its portfolio companies, empowering them with disruptive technologies to achieve market readiness.
Partnerships and Collaborations
Tern PLC engages in partnerships to support the growth of its portfolio companies. The company has a minority stake in DiffusionData, which specializes in real-time data streaming and messaging. Through its strategic collaborations, Tern PLC aims to enhance the capabilities of its investments and facilitate their expansion into new markets.