We back European founders building for
Seed to Series A cheques of €500K–5M into companies whose impact is built into the product — across health, planet & living systems, and the future of learning & work.
We invest in three futures.
Healthcare
Digital health and medical devices. We want to transform how care is delivered, coordinated, and accessed — from clinical workflows to patient pathways.
Regenerating the planet
Backing founders redesigning how energy, materials, and resources are produced, distributed and consumed — from grid flexibility to circular supply chains.
Rethinking learning & work
Investing in technologies reshaping how people work, train and grow — skill gaps, workforce mobility, inclusion & empowerment. We target lasting structural needs.
More than a VC — a €1B platform, 650+ entrepreneur-LPs, and a hands-on operating team.
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.
Impact is our purpose, performance our proof.
The companies we back don't trade one for the other — measurable impact and venture-grade performance, reinforcing each other.
Naboo
Reinventing corporate events with AI & workflow lock-in.
Cosma
Underwater robotics making ocean ecosystems measurable.
HomeExchange
The world's largest home-exchange community — lower-carbon travel.
Mayday
Knowledge automation that crossed the chasm