Internet of Things investor Tern said it had made a further £1.1m investment in virtual reality training company FundamentalVR.

Tern ups stake in FundamentalVR to around 35%

Source: SMW

Internet of Things investor Tern said it had made a further £1.1m investment in virtual reality training company FundamentalVR.

This additional investment increased Tern’s holding in FundamentalVR to 34.7%, up from 18.3%.

It followed FundamentalVR’s recent signing of a three-year term joint development agreement with the Mayo Foundation for Medical Education and Research in the US.

At 9:00am: (LON:TERN) Tern Plc share price was +0.5p at 20.75p

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