In the frozen world of venture capital, some players are reinventing themselves with the launch of new funds over the past two years. Others tend to make something new out of something old. This is the case of Ternel, a fund intended to invest in start-ups with a positive environmental and social impact, inspired by the regenerative economy model. But this new kid is not that much, because it has actually existed since 2015, under another name: MAIF Futurethe venture capital arm of the mutual giant.
From now on, Ternel is freeing itself from MAIF and joining forces with the Capital Croissance fund to become a management company in its own right. The fund will continue to deploy its current vehicle, endowed with 150 million euros and supplied by MAIF, but it aims to complete a new vehicle in 2025 (target amount of 120 million), leaving the single-investor prism.