Ternel, formerly MAIF Avenir, an investment fund dedicated to supporting startups that make a positive contribution to restoring the planet and promoting its resilience, encouraging individual and community well-being, and empowering communities, announced a new fund.
The next Ternel fund will invest €120 million in 30 European startups, mainly at the seed to series A stages via investments ranging from €500,000 to €5 million. The fund’s focus covers a range of technologies and themes, including climate change, biodiversity, circularity, health, education and the need for inclusion.
Having recognised the need to develop growth models that are no longer based on the excessive exploitation of resources, the investment world must now meet the challenges of regenerating and revitalizing ecosystems.
Co-led by Mohamed Abdesslam and Timothée Poulain, Ternel brings together an experienced team combining expertise in venture capital, impact investing, and entrepreneurship. In a world faced with complex and interconnected environmental and social issues, Ternel’s global approach aims to maximize the positive contribution of the start-ups they support, giving everyone the means to regenerate the ecosystems around them. Also to strike a beneficial balance between all stakeholders and support models with a symbiotic relationship between positive impact and performance.
“With Ternel, we are initiating a new phase in our approach to impact venture capital, adopting a viewpoint inspired by regenerative businesses. Our goal is to support organizations determined to restore balance in our world, without needing to compromise between financial performance and environmental impact, between economic growth and social cohesion“, explained Mohamed Abdesslam, managing partner of Ternel.
To support its investment thesis inspired by the regenerative model, Ternel relies on analytical tools for its investments that incorporate a global approach for measuring impact and economic performance (the Regenerative Framework). And also a Regenerative Advisory Board made up of experts, researchers, entrepreneurs, and academics to oversee the fund’s regenerative mission and support the financed entrepreneurs.
With its launch, Ternel is helping to broaden the European investment landscape by taking impact investing one step further. In addition to the renewed confidence of MAIF, which will remain the fund’s main investor, Ternel is joining forces with Capital Croissance, a leading Private Equity firm that brings together entrepreneurs looking to invest in growth companies. This partnership will enable Ternel to strengthen its investment and support facilities in order to continue carrying out its mission successfully.
“What appealed to us was the team’s track record and innovative vision of supporting innovative companies, perfectly aligned with Capital Croissance’s strategic focus on entrepreneurship and impact investment. The vision of the Ternel team is perfectly aligned with the new challenges facing the investment world and our society as a whole,” says Eric Neuplanche, Founding President of Capital Croissance.
