What is Tern?
Tern is a notable player in the Enterprise Resource Planning (ERP) Software industry, focusing on providing robust solutions for businesses. Headquartered in Palo Alto, California, the company operates with a lean team of 10 to 19 employees and generates between $5 million and $10 million in revenue. Its strategic positioning within the ERP market suggests a focus on streamlining business operations through advanced software.
How much funding has Tern raised?
Tern has raised a total of $5M across 1 funding round:
Angel/Seed
$5M
Angel/Seed (2022): $5M with participation from Resolute Ventures
Key Investors in Tern
Resolute Ventures
Resolute Ventures is a venture capital firm that specializes in leading pre-seed and seed funding rounds, supporting early-stage founders with determination and vision. They provide comprehensive support including community, mentorship, and resources to help entrepreneurs succeed.
What's next for Tern?
The recent major strategic investment of $5M positions Tern for accelerated expansion and product development. As an enterprise-level funding context, this capital infusion is likely to be directed towards scaling operations, enhancing its ERP software capabilities, and potentially broadening its market reach. The company's trajectory, marked by this significant backing, indicates a strong potential for future growth and market impact within the enterprise software landscape.
See full Tern company page
