Tern Plc (LSE:TERN) has reported continued strategic progress throughout 2024, despite broader market headwinds. The company’s core portfolio of early-stage technology investments showed signs of maturity, with key businesses delivering notable developments.
Device Authority strengthened its footprint in North America, advancing its Internet of Things (IoT) cybersecurity offerings. Meanwhile, FundamentalVR deepened its industry presence through strategic partnerships with major tech firms and gained recognition for its pioneering virtual reality surgical training solutions. Talking Medicines also achieved solid revenue growth and expanded its presence in the healthcare sector through new partnerships.
However, Tern encountered challenges within its portfolio, particularly with Wyld Networks and Konektio—the latter of which entered administration during the year. Despite these setbacks, Tern remains committed to its overarching strategy of capital growth, selective reinvestment, and diversification.
The company aims to capitalize on increasing investor interest in early-stage software and artificial intelligence businesses, positioning itself as a gateway for AIM investors to access high-potential IoT and digital health ventures.
About Tern Plc
Tern Plc is a UK-based investment company focused on identifying and nurturing high-growth, early-stage technology companies—particularly in the IoT, AI, and digital health sectors. The firm provides investors with exposure to innovative tech startups that are typically out of reach for traditional retail investors, with a mission to unlock long-term value through strategic partnerships, operational support, and targeted capital deployment.
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