# Ternel: portfolio, investments and team

> Ternel is a vc firm based in France. 1 investment on record, 1 in the last 12 months, latest Feb 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ternel (Millionrounds; every figure on the page links to its filing or article)

France · [Investor](https://millionrounds.com/investors)

# Ternel

Last cheque observed Feb 2026; 1 cheques on record.

Email

VC firm Deploying now

Pre-seed Seed Series A Edtech E-learning Education

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 1 on record

Since the last cheque **278** days **00** hrs **00** min **00** sec

Median round **$70M** Cheque size, as they say **$500K – $5.0M** Rounds led **0 of 1**

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## Ternel highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series B: 100% of its rounds

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $500K – $5.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Edtech E-learning Education
- **Based in:** Paris, France
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **1 appearances**

- **2026** 1 round
- **Feb** **[Naboo](https://millionrounds.com/company/naboo)** Series B · FR · Ventureburn **$70M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Pre-seed Seed Series A

Median round joined **$70M** the round, not its cheque

Led 0 of 1 rounds **0%**

- **Said size:** $500K – $5.0M
- **Sole investor:** Never alone
- **Last cheque:** Feb 2026

Rounds by stage said on their site

- Series B said *1*
- Pre-seed said *-*
- Seed said *-*
- Series A said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Quick answers about Ternel

### What does Ternel invest in?

Ternel invests most often at Series B (100% of the rounds on record), in sectors such as Edtech, E-learning and Education.

### How active is Ternel?

1 investments on record, 1 of them in the last 12 months. The most recent was in Feb 2026.

### What has Ternel invested in recently?

Its most recent investments on record: Naboo (Series B, Feb 2026).

### How big are Ternel's cheques?

The median round it joins is $70M. It says it writes cheques of $500K to $5.0M.

### Is Ternel investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is Ternel?

Ternel is a VC firm based in Paris, France.

### Where does this information on Ternel come from?

From 1 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=ternel) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=ternel)