Growing with direction

Ternel

We back European founders building for

Healing.Regenerating.Rethinking.

Seed to Series A · €500K — €5M first cheques

We invest in three futures.

Three transitions that can't wait — and the European founders building them.

01Healthcare

We back founders rebuilding care from the ground up — primary, mental health, prevention, access, chronic disease, organizationnal excellence, etc.

02Planet & living systems

We back founders turning ecological breakdown into viable business models — food, soil, water, energy, biodiversity.

03Learn & work

We back founders bringing impact at scale through new protocols, tools, formats and institutions for the century ahead.

Portfolio

Impact and returns. We never believed you had to choose.

Tangible impact. Real traction.

Cosma

Mapping the invisible to protect the ocean.
Sub-sea intelligence powered by autonomous drones. Turning ocean data into conservation action.

HomeExchange

Travel more. Spend less. Own nothing extra.
The world's largest home-swapping community. Redefining tourism through trust and reciprocity.

Strong By Form

Nature's composites, engineered for industry.
Replacing carbon-intensive materials with high-performance bio-composites. From lab to production line.

Santé Académie

Better-trained clinicians. Better patient outcomes.
Continuous medical education at scale. Closing the gap between research and bedside practice.

Impact is our purpose, performance our proof.

Impact

Fresh news, directly from the team

04/02/26

Insights

Ternel Becomes B Corp Company

And Why It Does Matter As A Responsible Investor

22/01/26

Portfolio News

From booking chaos to a unified longtail procurement platform

Lightspeed leads Naboo's Series B (and we're in, again).

04/01/26

Insights

Decoding Her Care, Empowering Women’s Lives

Exploring the AI Technologies Redefining Female Healthcare

19/09/25

Portfolio News

Beneath The Surface: Cosma's Mission To Map The Ocean Floor

Ternel & Wind lead Cosma's €2.5mseed round

15/09/25

Portfolio News

Backing Cosma's Seed Round

And why supporting marine biodiversity tech matters

11/09/25

Portfolio News

Trough USU, Thoma Bravo acquires Mayday

Ternel exits Mayday, acquired by USU (a TB company) to scale AI-powered knowledge management

30/06/25

Insights

Feeding Soils, Fueling Change, The Rise of Biostimulants

Exploring the Technologies Naturally Powering the Future of Agriculture

24/06/25

Portfolio News

Empowering The Changemaker Community

Ternel co-leads Qomon’s series A

Stories

40 companies backed since 2015

TERNEL

Growing With Direction

Ternel

We invest in three futures.

Cosma

HomeExchange

Strong By Form

Santé Académie

Fresh news, directly from the team