Tern Plc (AIM:TERN) announces that Device Authority Limited has completed an additional fundraising round, securing $2.0 million in new equity investment.
Tern PLC - London-based investor in early-stage internet of things technology businesses - Announces completion of a USD2.0 million equity investment in Device Authority Ltd by Mercato Partners, a.
IN BRIEF: Tern announces additional fundraise for Device Authority lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Early-stage technology investor Tern announced the completion of an additional second closing of tranche one series B funding by Device Authority on Wednesday, in which it held a 35.7% shareholding.
Tern PLC said on Wednesday that Device Authority Ltd is aiming to raise up to USD7.3 million.
Tern PLC shares dropped 22% to 3.33 pence each in London on Wednesday morning.
Prior to the.