What is Tern?
TERN operates as a comprehensive platform designed to tackle the critical talent deficit prevalent in Europe and globally. The company's full-stack approach integrates upskilling initiatives, facilitates international migration processes for skilled workers, and connects these professionals with reputable employers. By simplifying the journey for individuals seeking career advancement and for companies in need of specialized talent, Tern is positioning itself as a key enabler of global workforce mobility and development. The company's mission directly addresses the growing demand for skilled labor in a dynamic international market.
How much funding has Tern raised?
Tern has raised a total of $24M across 1 funding round:
Series A
$24M
Series A (2025): $24M with participation from EQ2 Ventures, RTP Global, Presight Capital, LocalGlobe, and Notion Capital
Key Investors in Tern
EQ2 Ventures
EQ2 Ventures is an evergreen venture capital firm that invests in Seed to Series A startups across the MENA and Africa regions, focusing on sectors such as Ad-tech, E-commerce, and Fin-tech. They aim to support exceptional founders addressing global opportunities.
RTP Global
RTP Global is an early-stage venture capital firm that backs founders using technology to reimagine how the world works, with a track record of investing in multi-billion dollar companies like Datadog and DeliveryHero.
Presight Capital
Presight Capital is a financial services company that offers investment solutions and strategic insights for individuals and businesses looking to optimize their investment portfolios.
What's next for Tern?
The recent major strategic investment into Tern signals a strong validation of its business model and its potential for significant growth. With substantial capital now available, Tern is poised to accelerate its expansion efforts, likely focusing on enhancing its platform capabilities, broadening its geographical footprint, and forging deeper partnerships with employers worldwide. This enterprise-level funding will be instrumental in scaling operations to meet the increasing demand for its services, further solidifying its position as a leader in the global talent solutions sector. The company's trajectory suggests a focus on strategic acquisitions or technological advancements to maintain its competitive edge.
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