Tern

Tern Plc is a venture capital firm located in London, United Kingdom, that specializes in providing growth capital investments primarily in the software sector. Founded in 2004, Tern focuses on companies developing Internet of Things (IoT) security, enablement, and analytics solutions, particularly for the healthcare and industrial markets. The firm targets high-growth IoT innovators in Europe, offering not only financial support but also fostering a collaborative environment to help business owners achieve their potential. Tern emphasizes empowering talented teams to drive fast growth, attain market leadership, and secure favorable exit opportunities.

Albert E. Sisto

CEO

18 past transactions

Talking Medicines

Venture Round in 2022
Talking Medicines Limited is a data technology company based in Glasgow and London that specializes in capturing, curating, and structuring patient insights related to launched medicines. Utilizing advanced artificial intelligence, machine learning, and natural language processing, the company analyzes real-world conversations and behaviors of patients to map their experiences with medications. Its flagship application, Medsmart, collects data on medication usage, providing pharmaceutical companies with real-time intelligence about patient sentiment and behavior. The company offers various solutions, including a real-world persona data service, digital focus groups, and custom data solutions tailored to specific needs within the pharmaceutical sector. Founded in 2013 and rebranded in 2015, Talking Medicines aims to enhance regulatory compliance and enable marketing strategies through insights that measure patient confidence and identify growth opportunities for pharmaceutical brands.

Konektio

Venture Round in 2021
Konektio, formerly known as InVMA Limited, is an IoT implementation and solutions provider based in Chesterfield, United Kingdom. Established in 2012, the company specializes in delivering Internet of Things (IoT) solutions for various sectors, including industrial plants, equipment, and medical devices. Konektio focuses on enabling efficient machine-to-machine (M2M) connectivity and offers tailored solutions to optimize performance and cost-effectiveness for both original equipment manufacturers (OEMs) and end users. The company emphasizes the importance of understanding client needs by conducting site visits to identify the specific devices to be connected and to maximize the benefits of its services. Through its expertise, Konektio aims to help businesses make the most of their IoT investments.

Device Authority

Venture Round in 2021
Device Authority Ltd designs and develops identity and access management solutions for the Internet of Things (IoT). The company offers KeyScaler, a platform that delivers automated device provisioning, authentication, credential management, update, and policy-driven data encryption solutions. It serves video surveillance, industrial, healthcare, and connected device industries. Device Authority Ltd was formerly known as Cryptosoft Ltd. and changed its name to Device Authority Ltd in April 2016. The company was incorporated in 2003 and is headquartered in Reading, United Kingdom with an additional office in Fremont, California. As of September 15, 2014, Device Authority Ltd operates as a subsidiary of TERN plc.

Talking Medicines

Seed Round in 2020
Talking Medicines Limited is a data technology company based in Glasgow and London that specializes in capturing, curating, and structuring patient insights related to launched medicines. Utilizing advanced artificial intelligence, machine learning, and natural language processing, the company analyzes real-world conversations and behaviors of patients to map their experiences with medications. Its flagship application, Medsmart, collects data on medication usage, providing pharmaceutical companies with real-time intelligence about patient sentiment and behavior. The company offers various solutions, including a real-world persona data service, digital focus groups, and custom data solutions tailored to specific needs within the pharmaceutical sector. Founded in 2013 and rebranded in 2015, Talking Medicines aims to enhance regulatory compliance and enable marketing strategies through insights that measure patient confidence and identify growth opportunities for pharmaceutical brands.

Wyld Networks

Convertible Note in 2019
Wyld Networks Ltd, based in Cambridge, United Kingdom, specializes in wireless communication solutions tailored for the Internet of Things (IoT) across various sectors, including smart cities, retail, events, health, and industrial applications. Established in 2016 and previously known as flexiOPS Limited before rebranding in March 2019, the company focuses on providing affordable connectivity worldwide. Wyld Networks is particularly recognized for its innovative fixed and mobile mesh technology, which enables robust wireless connectivity for both devices and people. As a subsidiary of Tern Plc, Wyld Networks aims to enhance communication and connectivity in diverse environments through its advanced technological solutions.

FundamentalVR

Series A in 2019
FundamentalVR have been working with leading pharmaceutical companies to combine virtual and mixed reality with haptic feedback using their ‘FeelRealVR’ platform to create simulated surgical procedures to help educate and train healthcare professionals.

FundamentalVR

Venture Round in 2018
FundamentalVR have been working with leading pharmaceutical companies to combine virtual and mixed reality with haptic feedback using their ‘FeelRealVR’ platform to create simulated surgical procedures to help educate and train healthcare professionals.

FundamentalVR

Venture Round in 2018
FundamentalVR have been working with leading pharmaceutical companies to combine virtual and mixed reality with haptic feedback using their ‘FeelRealVR’ platform to create simulated surgical procedures to help educate and train healthcare professionals.

Konektio

Venture Round in 2017
Konektio, formerly known as InVMA Limited, is an IoT implementation and solutions provider based in Chesterfield, United Kingdom. Established in 2012, the company specializes in delivering Internet of Things (IoT) solutions for various sectors, including industrial plants, equipment, and medical devices. Konektio focuses on enabling efficient machine-to-machine (M2M) connectivity and offers tailored solutions to optimize performance and cost-effectiveness for both original equipment manufacturers (OEMs) and end users. The company emphasizes the importance of understanding client needs by conducting site visits to identify the specific devices to be connected and to maximize the benefits of its services. Through its expertise, Konektio aims to help businesses make the most of their IoT investments.

Wyld Networks

Funding Round in 2016
Wyld Networks Ltd, based in Cambridge, United Kingdom, specializes in wireless communication solutions tailored for the Internet of Things (IoT) across various sectors, including smart cities, retail, events, health, and industrial applications. Established in 2016 and previously known as flexiOPS Limited before rebranding in March 2019, the company focuses on providing affordable connectivity worldwide. Wyld Networks is particularly recognized for its innovative fixed and mobile mesh technology, which enables robust wireless connectivity for both devices and people. As a subsidiary of Tern Plc, Wyld Networks aims to enhance communication and connectivity in diverse environments through its advanced technological solutions.

Device Authority

Venture Round in 2016
Device Authority Ltd designs and develops identity and access management solutions for the Internet of Things (IoT). The company offers KeyScaler, a platform that delivers automated device provisioning, authentication, credential management, update, and policy-driven data encryption solutions. It serves video surveillance, industrial, healthcare, and connected device industries. Device Authority Ltd was formerly known as Cryptosoft Ltd. and changed its name to Device Authority Ltd in April 2016. The company was incorporated in 2003 and is headquartered in Reading, United Kingdom with an additional office in Fremont, California. As of September 15, 2014, Device Authority Ltd operates as a subsidiary of TERN plc.

Flexiant

Acquisition in 2016
Flexiant Limited specializes in cloud management and orchestration software tailored for the global service provider market. Its flagship product, Flexiant Cloud Orchestrator, enables telecommunications companies, hosting providers, and data center operators to develop, sell, and monetize diverse cloud services efficiently. The platform supports multi-tenancy, metering and billing, and integrates with various hypervisors, allowing service providers to quickly turn innovative concepts into revenue-generating offerings. Flexiant also provides Flexiant Concerto, a hosted platform that facilitates application deployment across multiple public clouds with features such as auto-scaling and load balancing. Established in 2009 and headquartered in London, the company has development and customer support centers in the United Kingdom, as well as additional offices in New York and Seville. Flexiant has been recognized as a leader in the cloud management sector, receiving accolades for its innovative solutions and partnerships with notable technology firms.

Device Authority

Venture Round in 2016
Device Authority Ltd designs and develops identity and access management solutions for the Internet of Things (IoT). The company offers KeyScaler, a platform that delivers automated device provisioning, authentication, credential management, update, and policy-driven data encryption solutions. It serves video surveillance, industrial, healthcare, and connected device industries. Device Authority Ltd was formerly known as Cryptosoft Ltd. and changed its name to Device Authority Ltd in April 2016. The company was incorporated in 2003 and is headquartered in Reading, United Kingdom with an additional office in Fremont, California. As of September 15, 2014, Device Authority Ltd operates as a subsidiary of TERN plc.

Device Authority

Venture Round in 2015
Device Authority Ltd designs and develops identity and access management solutions for the Internet of Things (IoT). The company offers KeyScaler, a platform that delivers automated device provisioning, authentication, credential management, update, and policy-driven data encryption solutions. It serves video surveillance, industrial, healthcare, and connected device industries. Device Authority Ltd was formerly known as Cryptosoft Ltd. and changed its name to Device Authority Ltd in April 2016. The company was incorporated in 2003 and is headquartered in Reading, United Kingdom with an additional office in Fremont, California. As of September 15, 2014, Device Authority Ltd operates as a subsidiary of TERN plc.

Device Authority

Venture Round in 2014
Device Authority Ltd designs and develops identity and access management solutions for the Internet of Things (IoT). The company offers KeyScaler, a platform that delivers automated device provisioning, authentication, credential management, update, and policy-driven data encryption solutions. It serves video surveillance, industrial, healthcare, and connected device industries. Device Authority Ltd was formerly known as Cryptosoft Ltd. and changed its name to Device Authority Ltd in April 2016. The company was incorporated in 2003 and is headquartered in Reading, United Kingdom with an additional office in Fremont, California. As of September 15, 2014, Device Authority Ltd operates as a subsidiary of TERN plc.

Cryptosoft

Acquisition in 2014
Cryptosoft's data security platform solves the data security and authentication challenges for the Internet of Things (IoT). Its software platform significantly reduces the end-to-end attack surface, protecting critical company and customer data assets. The Cryptosoft platform provides transparent protection of data at rest and in transit across any platform, device and service, delivering end-to-end protection of critical data. With offices in San Francisco, California, Boston, Massachusetts and Thames Valley, UK, Cryptosoft partners with the leading IoT ecosystem providers, including ThingWorx, providing highly scalable data protection security solutions for the Internet of Things.

Seal Software

Funding Round in 2014
Seal Software is the leading provider of contract discovery, data extraction, and analytics. With Seal’s machine learning and NLP technologies, companies can find contracts of any file type across their networks, quickly understand what risks or opportunities are hidden in their contracts and place them in a centralized repository. Based in the San Francisco Bay Area, Seal empowers enterprises around the world to maximize revenue opportunities, reduce costs, and mitigate risks associated with contractual documents, systems, and processes. Seal Software also provides User Driven Machine Learning, which allows business users to train the system’s machine learning functions and extract data; and extensibility, contract analytics, and data visualization solutions. It serves Fortune 500 businesses, including financial service, high technology, healthcare, legal service, and other industries. Kevin Gidney and Ulf Zetterberg founded Seal Software in 2010. It has its headquarters in Walnut Creek in California.

DiffusionData

Funding Round in 2014
DiffusionData, a division of Push Technology Limited, specializes in real-time delta-data streaming technology for critical business applications. The company offers Diffusion, an on-premise solution that seamlessly integrates with both new and legacy systems, addressing challenges related to speed, reliability, and efficiency in delivering real-time, two-way data streaming for web, mobile, and IoT applications. Additionally, Diffusion Cloud provides a cloud-based streaming data solution that enables businesses to manage their infrastructure and applications effectively. The company's solutions cater to various industries, including online gaming, finance, brokerage, trading, spread betting, and news feed services. Founded in 2006, Push Technology Limited is headquartered in London, with additional offices in Belfast and Los Gatos, California.
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