Seed to Series A. €500K–5M. Into companies whose impact is built into the product across Healthcare, Climate, Learning & Work.
Digital health and medical devices. We want to transform how care is delivered, coordinated, and accessed: from clinical workflows to patient pathways.
Backing founders redesigning how energy, materials, and resources are produced, distributed and consumed: from grid flexibility to circular supply chains.
Investing in technologies reshaping how people work, train and grow — skill gaps, workforce mobility, inclusion & empowerment. We target lasting structural needs.
Ternel is an impact-native venture fund, part of Capital Croissance. We invest at the earliest stages and stay close. Sharing the network, operators, follow-on capital and impact capabilities that help founders crack their industry.
Emmanuel ArnaudThey don't let go on the trajectory, and they don't let go on the mission.
That dual demand over time is rare.
Maxime EduardoWe met Ternel during our pre-seed roadshow. It was an immediate fit: a blend of pragmatism, ambition, and genuine care. They've backed us at every round since with ever-greater conviction and unwavering support. The journey would be very different without them.
Laure CohenTernel isn't a passive shareholder: it's a partner that challenges our strategic choices while staying true to our vision — building a trusted refurbished brand without ever sacrificing our environmental ambition for growth.
Andrés MitnikTernel has significantly supported us: DD, active board and key connections to key french industry players. It has helped us assess risks and strenghten our strategic decisions. We love working with them !
Karim JouiniWe met Ternel in 2021, during a tough moment for Expensya—we were in the middle of the third Covid lockdown and an important narrative change. Ternel believed in the team and the product, and saw the period through with us, all the way to a successful exit in 2023.
Frédéric MittaineTernel has backed us with patience, care, and rigor since day one. They first listen, then surface our blind spots and roll up their sleeves. That trust lets us move faster and stay focused on what matters — Cosma's impact on understanding and protecting the ocean floor.
Nour Hakiki BelhadiWe share the same values, and it shows day to day: high standards on substance, real support over time, and a clear sense of what actually matters right now.
The companies we back don't trade one for the other: measurable impact and venture-grade performance, reinforcing each other.
Reinventing corporate events with AI & workflow lock-in.
Underwater robotics making ocean ecosystems measurable.
The world's largest home-exchange community — lower-carbon travel.
AI primary care clinics merging clinical expertise with biometric monitoring for proactive healthcare
Deep dives on the markets we invest in.
Where does the value sit?
Why is women's health still diagnosed so late, and where can AI close the gap?
Which biostimulants will farmers actually adopt?
How do we see what lives in the ocean, before it is gone?
Some climate risks are already locked in. Who builds the tools to live with them?
A hands-on team that's backed European founders since 2015, building Ternel inside the Capital Croissance platform.
