260871 Tern AR Cover Spread 3mm.qxp 07/04/2021 18:09 Page 1 Report & Accounts For the year ended 31 December 2020 27/28 Eastcastle Street London W1W 8DH e:
[email protected] t: 020 3807 0222 ternplc.com 260871 Tern AR Cover Spread 3mm.qxp 07/04/2021 18:09 Page 2 We partner with entrepreneurial management teams with disruptive ideas and accelerate their success to create value for our shareholders. We work with and invest in entrepreneurs who are passionate about creating ground-breaking IoT technologies which transform the healthcare, manufacturing and security sectors whilst bene昀ting business, the environment and society. We provide Seed and Series A capital to companies which can demonstrate market validation and have clear competitive advantages in the UK and Europe. We champion entrepreneurial spirit, providing hands-on support and expertise which adds value, creates new international opportunities and helps overcome challenges for the bene昀t of all stakeholders. The size of our initial investment ranges from £250,000 to £5 million, but most often falls between £0.5 million and £2 million. 260871 Tern AR pp01-pp11.qxp 07/04/2021 18:11 Page 1 Leadership Founded in 2013, Tern plc is an AIM quoted investment company based in London and Silicon Valley, which backs bold entrepreneurs who have a vision to drive change through IoT technology. Our team includes former founders, CEOs and CTOs of successful technology companies who have domain expertise covering a range of di昀erent areas including cryptography, distributed systems to industrial controls, security and 昀nancial services. We have a strong track record of creating new commercial opportunities in Silicon Valley.