Terem is a product development and strategy firm that builds and takes client tech products to market and forms joint ventures to spin out technology businesses. Its core capabilities span web, mobile, API, engineering, product and design, and it focuses on running multidisciplinary, fast-moving programs for clients. The company’s joint-venture arm builds tech spinouts in partnership with market leaders. Terem plans to use new capital to expand capability and to pursue acquisitions that bolster product development and strategy expertise. Management says the funding will enable the company to run bigger programs of work and move through a growth inflection point toward a stated ambition of reaching $50m in revenue. CEO Scott Middleton, who has been involved in launching 61+ products and publishing extensive product content, positions the company to serve clients across Australia and New Zealand.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2021