# Tern

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tern

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.ternit.com
- Total disclosed funding: $5M
- Latest round: Seed (Mar 23, 2022)
- Investors on record: 5

## About

Founded by CEO Skye Spear, and based in California, US, Tern Inc. operates as a developer of a platform to return items and manage the reverse logistics processes. In March 2022, Tern Inc. raised USD 5 million in seed funding from investors Resolute Ventures, Cyber Mentor Fund, OVO Fund, Partech Partners, and Tekton Ventures.

Tern Inc. provides an application for the home pickup and return of products. The company's platform also allows to schedule pickups, sends confirmation and tracking details, return the customers' products to merchants, and helps customers in receiving refunds.

The company will use the funding to hire employees, expand userbase and service area coverage.

## Funding rounds

- Seed, Mar 23, 2022, $5M — Partech Partners, Resolute Ventures, Tekton Ventures, OVO Fund, Cyber Mentor Fund

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Seed
- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Seed
- Tekton Ventures (https://capitalatlas.ai/funds/tekton-ventures) — Seed
- OVO Fund (https://capitalatlas.ai/funds/ovo-fund) — Seed
- Cyber Mentor Fund (https://capitalatlas.ai/funds/cyber-mentor-fund) — Seed