The Venture Codex Logo

The Venture Codex

Tern

19 Eastbourne Terrace, London, W2 6LG, United Kingdom

Overview

Venture capital for high growth IoT innovators in Europe.

Founded

2004

Deals ยท 12mo

0

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A

Geographic focus

United Kingdom
United States

Sector focus

Financial Services

Investment portfolio

11rounds
NAMEDATESIZE
Konektio
Jan 2022Participated
$3 MOther Equity
Device Authority
Dec 2021Led
$3 MOther Equity
Talking Medicines
Nov 2020Led
$1 MOther Equity
FundamentalVR
Oct 2019Participated
$6 MSeries A
FundamentalVR
Oct 2018Led
$1 MOther Equity
Konektio
Dec 2017Led
$0.17 MOther Equity
Konektio
Sep 2017Led
$0.34 MOther Equity
Device Authority
Oct 2016Led
$3 MOther Equity
Cryptosoft
Mar 2015Led
$15 MSeries A
Seal Software
Jul 2014Led
$0.08 MOther Equity
Flexiant
Nov 2013Led
$0.16 MOther Equity
Konektio
Jan 2022Participated
$3 MOther Equity
Device Authority
Dec 2021Led
$3 MOther Equity
Talking Medicines
Nov 2020Led
$1 MOther Equity
FundamentalVR
Oct 2019Participated
$6 MSeries A
FundamentalVR
Oct 2018Led
$1 MOther Equity
Konektio
Dec 2017Led
$0.17 MOther Equity
Konektio
Sep 2017Led
$0.34 MOther Equity
Device Authority
Oct 2016Led
$3 MOther Equity
Cryptosoft
Mar 2015Led
$15 MSeries A
Seal Software
Jul 2014Led
$0.08 MOther Equity
Flexiant
Nov 2013Led
$0.16 MOther Equity
11
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Tern: 11 funding rounds are recorded in the selected participation categories.All available history.
Tern: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A11
Other Equity81

Monthly Deal Activity

Tern: 11 deals are recorded across 156 months.All available history.
Tern: 11 deals are recorded across 156 months. All available history
MonthDeals
Nov '131
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '141
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '151
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '161
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '171
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '191
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '211
Jan '221
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Tern: Data, Analytics & IT is the largest displayed sector by deal count (5 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Tern: Data, Analytics & IT is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Data, Analytics & IT5
Networks, Cloud & Communication3
Hardware & Robotics3
Enterprise Software3
Health & Life Sciences3
Cybersecurity & Privacy2
AI & Machine Learning2
AR/VR2

Deal Size Distribution

Tern: 11 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Tern: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M9
$5M-$10M1
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Tern: Europe has the largest recorded deal count among the displayed regions (10 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Tern: Europe has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
Europe10
United States1
Tern: 11 co-investors are shown, with ALP sharing 1 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Tern: 11 co-investors are shown, with ALP sharing 1 recorded deals. All available history
Co-investorShared deals
ALP1
Alsop Louie Partners1
Brighteye Ventures1
Downing Ventures1
Epic Private Equity1
Mayo Clinic1
Midlands Engine Investment Fund1
Northern Powerhouse Investment Fund1
Sana Kliniken1
Scottish Enterprise1
Venafi1

Investment Strategy

Tern: Led accounts for 82% and participating for 18% of round participation.All available history.
Tern: Led accounts for 82% and participating for 18% of round participation. All available history
CategoryDeals (count)Share (%)
Led982%
Participating218%
Tern: Single-lead accounts for 89% and co-led for 11% of lead dynamics.All available history.
Tern: Single-lead accounts for 89% and co-led for 11% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead889%
Co-led111%

Team

Albert E Sisto

Chief Executive Officer

Bruce Leith

Founder, Business Development and Investment Director

Matthew Scherba

Partner and Investment Director

Sarah Payne

Finance Director & Chief Financial Officer