Published on: August 17, 2021
Portfolio update emphasises momentum
Tern reports on the continued progress made by its portfolio companies over the past few months, including a further £530,000 investment by Tern in FundamentalVR as part of a £1.16m funding. Tern notes strong business momentum across all its portfolio companies, which management expects to continue. In our view, the update highlights the benefits of Tern’s focus on IoT businesses whose solutions have seen an accelerated adoption in the current market environment. We look forward to further positive news flow with the interim results in September.