Ternel, the new identity of the former MAIF Avenir, has launched a significant funding initiative aimed at bolstering startups focused on ecological restoration and societal prosperity. This fresh fund is poised to channel €120 million into around 30 European startups, predominantly at the nascent and early growth stages, with each investment ranging between €500,000 and €5 million. The fund’s investment spectrum spans critical areas such as climate resilience, biodiversity, sustainable resource cycles, healthcare, education, and inclusive development.
The modern investment climate necessitates a shift from traditional resource-intensive growth models to strategies that revitalize and regenerate ecosystems. At the helm of Ternel are Mohamed Abdesslam and Timothée Poulain, leading a seasoned team with deep roots in venture capital, impact investing, and business innovation. Ternel’s comprehensive strategy seeks to amplify the startups’ positive impact on the environment and society, fostering regeneration of the natural world and promoting a harmonious interplay between stakeholders, thus linking positive impact to robust 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,
elucidated Mohamed Abdesslam, managing partner of Ternel.
To bolster its regenerative investment ethos, Ternel utilizes a comprehensive analytical toolkit, the Regenerative Framework, that measures both impact and economic success. Furthermore, the fund is supported by a Regenerative Advisory Board comprised of a diverse mix of experts, academics, and entrepreneurs, ensuring the fund stays true to its regenerative mission while assisting portfolio companies.
By launching this initiative, Ternel is expanding the European investment horizon, advancing impact investing to a new frontier. With MAIF’s ongoing support as the principal investor, Ternel also collaborates with Capital Croissance, a distinguished Private Equity firm with a focus on entrepreneurial growth and impact investing. This alliance fortifies Ternel’s investment capabilities and enhances its support systems, enabling sustained fulfilment of its mission.
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,
commented Eric Neuplanche, Founding President of Capital Croissance.
