Companies · Consumer / Retail

Tern Commerce Inc

NEW YORK · Consumer / Retail · refined from filed group “Other Technology”

Diligence memoA one-page analyst read on Tern Commerce Inc — recommendation, valuation, rhythm, risks.→
$750K
Total raised · real
1
Rounds
—
Latest step-up
Top 18%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Jul 14 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Tern Commerce Inc looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the retail sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.07× the median modeled value of Pre-Seed Consumer / Retail companies in 2019–2021 (34 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.0 yr ago; this sector typically re-raises about every 15 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Consumer / Retail

Tern Commerce Inc is one of 1161 Consumer / Retail companies tracked from NEW YORK. By capital raised it ranks in the upper tier (ahead of 83% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3M$2.5M$3.8M$5.0MPre-Seed · 2021-07-14 Raised $750K (real) Modeled valuation $4.4M (est)$750K$4.4MPre-Seed2021

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$750K · 2021

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$4.4M
Base estimate est.
$450K
Conservative case
$36.7M
Upside case
$4.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seed — a round under $1.0M). Valuation is modeled from stage benchmarks scaled by the retail sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
27%
Survival probability
11% low · 50% high
1.32×/yr
Annual markup
1.78×/yr upside case
5.0 yr
Elapsed time used
5.0 yr actual, capped for stale marks
retail
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
5.2 yr
On record since
2021
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1161 companies in Consumer / Retail. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages)▼ 0.2× of median
This company$750K
Sector median$3.3M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage)▲ 2.0× above median
This company$750K
Sector median$371K
Modeled value — vs sector median (estimate, all stages)▼ 0.6× of median
This company$4.4M
Sector median$7.9M

Raised more than 83% of sector peers (real $). Modeled value above 86% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #9 of 34.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Betterment Retail Solutions, Inc. · Pre-Seed Raised $1.0M · modeled $7.8M (est)Barber & Brand LLC · Pre-Seed Raised $809K · modeled $6.3M (est)Volition Beauty, Inc. · Pre-Seed Raised $775K · modeled $6.1M (est)Red White & Bloom Brands Inc. · Pre-Seed Raised $1.3M · modeled $6.0M (est)Targeted Shopping Solutions, Inc. · Pre-Seed Raised $790K · modeled $5.7M (est)CannAmerica Brands Corp. · Pre-Seed Raised $723K · modeled $5.7M (est)Legend Commerce LLC · Pre-Seed Raised $841K · modeled $5.4M (est)Criquet Apparel, Inc. · Pre-Seed Raised $1.7M · modeled $5.3M (est)Morf Worldwide Brands Inc · Pre-Seed Raised $600K · modeled $4.2M (est)Windward Brands LLC · Pre-Seed Raised $525K · modeled $4.1M (est)Overland Retail Portfolio I, LLC · Pre-Seed Raised $400K · modeled $3.1M (est)Tern Commerce Inc (this company) Raised $750K · modeled $4.4M (est)Tern Commerce Inc
CompanyStageRaised · realValue · estvs peer med.
Betterment Retail Solutions, Inc.Pre-Seed$1.0M$7.8M3.67×
Barber & Brand LLCPre-Seed$809K$6.3M2.96×
Volition Beauty, Inc.Pre-Seed$775K$6.1M2.84×
Red White & Bloom Brands Inc.Pre-Seed$1.3M$6.0M2.82×
Targeted Shopping Solutions, Inc.Pre-Seed$790K$5.7M2.68×
CannAmerica Brands Corp.Pre-Seed$723K$5.7M2.65×
Legend Commerce LLCPre-Seed$841K$5.4M2.51×
Criquet Apparel, Inc.Pre-Seed$1.7M$5.3M2.49×
Tern Commerce Inc this companyPre-Seed$750K$4.4M2.07×
Morf Worldwide Brands IncPre-Seed$600K$4.2M1.95×
Windward Brands LLCPre-Seed$525K$4.1M1.92×
Overland Retail Portfolio I, LLCPre-Seed$400K$3.1M1.43×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$750K2021-07-14$4.2M$4.4M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$750K2021-07-14
    • First recorded raise — entered as Pre-Seed.
Intelligence
—
Modeled next raise
$1.2M
Modeled next size est.range $780K–$1.9M
—
Last step-up
—
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Zachary Smith—9 other2021-07
Brion Bonkowski——2021-07
Joost Van Schijndel——2021-07
Registry & provenance

Tern Commerce Inc is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1872153
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Isanti Brands, LLCConsumer / RetailPre-Seed$750K$1.6Msame sector · same stage
Pathway Beauty Associates LLCConsumer / RetailPre-Seed$750K$2.7Msame sector · same stage
W2 Beauty, Inc.Consumer / RetailPre-Seed$750K$3.3Msame sector · same stage
Cizzle Brands Ltd.Consumer / RetailPre-Seed$769K$1.9Msame sector · same stage
Volition Beauty, Inc.Consumer / RetailPre-Seed$775K$6.1Msame sector · same stage
Gaingels Better Brand 2022 LLCConsumer / RetailPre-Seed$725K$3.7Msame sector · same stage
CannAmerica Brands Corp.Consumer / RetailPre-Seed$723K$5.7Msame sector · same stage
Targeted Shopping Solutions, Inc.Consumer / RetailPre-Seed$790K$5.7Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Tern Software IncSoftware / TechSeed$36.6M86%
1 Commerce, Inc.Consumer / RetailSeries A$16.5M84%
Beyond CommerceConsumer / RetailSeries A$51.4M83%
Teren, Inc.Other TechnologySeries A$6.1M83%
Shopagon, Inc.Consumer / RetailPre-Seed$3.1M83%
Commerce Layer, Inc.Consumer / RetailSeries B$83.7M82%
Deck Commerce, Inc.Consumer / RetailSeries A$31.5M82%
Direct Commerce, Inc.Consumer / RetailSeries A$8.5M82%
Frequently asked
How much funding has Tern Commerce Inc raised?
Tern Commerce Inc has raised approximately $750K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Tern Commerce Inc's estimated valuation?
Provath's modeled valuation for Tern Commerce Inc is approximately $4.4M (modeled range $450K–$36.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tern Commerce Inc at?
Tern Commerce Inc's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Jul 14.
What does Tern Commerce Inc do and where is it based?
Tern Commerce Inc operates in the Consumer / Retail sector, based in NEW YORK.
Explore related

See where Tern Commerce Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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