Cash-strapped Tern seeks relief from SVV2 funding obligations
28th Nov 2025 12:03
(Sharecast News) - Tern announced on Friday that it has sought relief from its funding obligations to the Sure Valley Ventures Enterprise Capital Fund after determining it lacked the financial capacity to meet future capital calls, a move that would see the AIM-listed investment company classified as a defaulting investor under the fund's partnership agreement.
Read moreTern secures another extension to loan facility
15th Sep 2025 12:18
(Sharecast News) - Tern announced on Monday that it has secured an extension to the repayment deadline on its existing loan facility, giving the AIM-traded investment firm additional flexibility to support the capital needs of its early-stage portfolio companies.
Read moreTern reports narrower full-year loss
5th Jun 2025 12:21
(Sharecast News) - Tern reported a reduced full-year loss for 2024 on Thursday, as the AIM-quoted investor focused on early-stage IoT and AI companies continued to manage costs while supporting a maturing portfolio, despite a sharp decline in the value of certain holdings.
Read moreTern raises £0.22m to fund commitment to SVV2 fund
21st Feb 2025 14:09
(Sharecast News) - Tern announced on Friday that it has raised £0.22m through a placing of 19,230,769 new shares at 1.15p each, representing a 9.8% discount to the closing price on 20 February.
Read moreTern sells down stake in Device Authority
9th Aug 2024 10:52
(Sharecast News) - Internet-of-things technology investor Tern announced the partial sale of its shareholding in Device Authority on Friday.
Read moreTern raises £0.42m to invest in Wyld Networks
12th Apr 2024 14:16
(Sharecast News) - Specialist internet-of-things technology investor Tern announced on Friday that it hs raised £0.42m before expenses, to invest in Wyld Networks.
Read moreTern's Talking Medicines makes 'strong start' to FY24
9th Apr 2024 10:32
(Sharecast News) - Internet of Things investor Tern said on Tuesday that Talking Medicines, in which it currently holds a 23.8% equity share, has made "a strong start to 2024", marked by record revenue bookings and significant advancements in its Talking Medicines Drug-GPT platform.
Read moreTern's Device Authority raises an extra $2m
7th Feb 2024 13:23
(Sharecast News) - Early-stage technology investor Tern announced the completion of an additional second closing of tranche one series B funding by Device Authority on Wednesday, in which it held a 35.7% shareholding.
Read moreTern investee Device Authority raising up to $7m
27th Dec 2023 12:56
(Sharecast News) - Technology investor Tern announced on Wednesday that Device Authority, in which it held a 53.8% shareholding as of 21 November, has secured a series B fundraising round to raise up to $7m in new equity investment.
Read moreTern opts out of further investment in Konektio
8th Nov 2023 11:48
(Sharecast News) - Internet-of-things investor Tern announced on Wednesday that it has decided not to further invest in its portfolio company InVMA, operating as Konektio.
Read moreTern portfolio company secures £712,900 purchase order
13th Mar 2023 07:28
(Sharecast News) - Capital markets company Tern revealed on Monday that portfolio company Wyld Networks has received an approximately SEK 9.2m (£712,900) purchase order for its Wyld Data service.
Read moreTern portfolio company secures new contract valued at more than $1.2m
2nd Dec 2022 09:51
(Sharecast News) - Internet-of-Things investor Tern said on Friday that one of its portfolio companies had secured a new contract win valued at over $1.2m.
Read moreTern assets under management decrease 'marginally'
23rd Sep 2022 13:04
(Sharecast News) - Technology investor Tern reported assets under management of £30.2m at the end of its first half on Friday - a "marginal decrease" from the £30.6m it recorded at the end of December.
Read moreTern reports solid progress among portfolio companies
11th Feb 2022 11:48
(Sharecast News) - Internet-of-things (IoT) technology company Tern reported further significant progress across its portfolio companies in an update on Friday, with growth in recurring revenues and new contract wins.
Read moreTern puts another £0.52m into FundamentalVR
17th Aug 2021 13:15
(Sharecast News) - Technology investor Tern has made a further £0.53m investment in its portfolio company, FVRVS, trading as FundamentalVR, it announced on Tuesday, adding that "strong" business momentum had continued across all of its primary portfolio companies.
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