We back European founders building for
Seed to Series A. €500K–5M. Into companies whose impact is built into the product across - Healthcare, Environment, Learning & Work.
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.
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.
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