Tern Plc is a venture capital firm focused on early-stage and growth capital investments. It typically invests in software companies specializing in IoT security, AI, machine learning, virtual/augmented reality, and data science, enablement, and analytics solutions for the healthcare and industrial sectors. The firm primarily invests in companies based in the United Kingdom. Founded on 18 May 2004, Tern Plc is headquartered in London, United Kingdom, and was formerly known as Silvermere Energy plc.