TRICAPITAL logo

TRICAPITAL

Europe, Scottish Borders, The, United Kingdom, Melrose

Description

TRICAPITAL is a well-established business angel syndicate based in Melrose, Scotland, specializing in early-stage investments. The syndicate comprises a network of private investors who pool their capital and expertise to support innovative companies demonstrating high growth potential. Their primary objective is to identify and nurture promising startups, providing crucial seed and early-stage funding to help them scale. This collaborative approach allows them to leverage diverse professional backgrounds and insights from their members.

While TRICAPITAL maintains a sector-agnostic investment approach, they have developed a notable track record in specific high-growth industries. These include life sciences, technology, and advanced manufacturing, where they have successfully backed numerous ventures. Geographically, their primary focus remains within Scotland, reflecting their commitment to fostering the local entrepreneurial ecosystem. However, they remain open to compelling investment opportunities across the broader United Kingdom, demonstrating a flexible yet regionally anchored strategy.

TRICAPITAL typically provides initial investments ranging from £100,000 to £500,000. Translating these figures, this means first checks are generally between approximately $125,000 and $625,000, based on recent exchange rates. These investments are often part of larger syndicated rounds, which can collectively reach up to £2 million, or approximately $2.5 million. This co-investment strategy sees TRICAPITAL frequently partnering with other angel groups, venture capital funds, and public sector funding bodies, enabling them to participate in more substantial funding rounds and provide greater capital support to their portfolio companies. Their ability to syndicate effectively underscores their strong network within the UK investment landscape.

Investor Profile

TRICAPITAL has backed more than 61 startups, with 5 new investments in the last 12 months alone. The firm has led 18 rounds, about 30% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series B rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States, France.
  • Strong thematic focus on Biotechnology, Software, Health Care.
  • Led 4 rounds in the past year.
  • Typical check size: $125K – $625K.

Stage Focus

  • Seed (38%)
  • Series Unknown (34%)
  • Series B (8%)
  • Series A (7%)
  • Angel (5%)
  • Undisclosed (5%)
  • Convertible Note (2%)
  • Series C (2%)

Country Focus

  • United Kingdom (97%)
  • United States (2%)
  • France (2%)

Industry Focus

  • Biotechnology
  • Software
  • Health Care
  • Pharmaceutical
  • Medical
  • Medical Device
  • Information Technology
  • Security
  • Manufacturing
  • Cyber Security
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does TRICAPITAL frequently co-invest with?

Par Equity
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 5
Barwell Plc
Europe, Glasgow City, United Kingdom, Glasgow
Co-Investments: 8
SV
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 3
Equity Gap
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 4
Sigma Capital Group
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 3
Archangels
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 10
Scottish Investment Bank
Europe, Glasgow City, United Kingdom, Glasgow
Co-Investments: 20
Highland Capital Partners
North America, Massachusetts, United States, Lexington
Co-Investments: 5
Old College Capital
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Co-Investments: 6
Scottish Enterprise
Europe, Glasgow City, United Kingdom, Glasgow
Co-Investments: 21

Which angels does TRICAPITAL often collaborate with?

BS
Europe, Edinburgh, City of, United Kingdom, Edinburgh
Shared Deals: 1
Shared Deals: 1
DC
Europe, Renfrewshire, United Kingdom, Paisley
Shared Deals: 1

What are some of recent deals done by TRICAPITAL?

ScreenIn3D

Glasgow, Glasgow City, United Kingdom

ScreenIn3D develops a unique microfluidic screening platform for precision medicine.

SeedJun 12, 2025
Amount Raised: $1,017,929
Sisaltech

Edinburgh, Edinburgh, City of, United Kingdom

Sisaltech makes sustainable building insulation from sisal and wool.

ManufacturingTextiles
SeedJan 15, 2025
Amount Raised: $976,212
Kaly

Dunvegan, Highland, United Kingdom

KALY is a group of innovators, sailors, and nature enthusiasts on a quest of discovery.

FarmingForestryRacing
SeedDec 19, 2024
Amount Raised: $374,916
H2CHP

Teesside County Borough, Middlesbrough, United Kingdom

H2CHP is the free piston combined heat and power technology.

SeedDec 12, 2024
Amount Raised: $760,615
HonuWorx

Aberdeen, Aberdeen City, United Kingdom

HonuWorx is a technology firm offering autonomous systems that reduce costs and the environmental footprint of robotic system operation.

Autonomous VehiclesMarine TechnologyRoboticsSoftware
SeedSep 9, 2024
ŌGI Bio

Edinburgh, Edinburgh, City of, United Kingdom

ŌGI Bio is a Biotechnology Research company.

BiopharmaBiotechnology
SeedJun 18, 2024
Amount Raised: $825,363
Heero Technologies

Dundee, Dundee City, United Kingdom

Heero Technologies is a self-sustaining energy platform that strives to make net zero homes a possibility.

Renewable EnergySemiconductorService Industry
Convertible NoteMay 23, 2024
Amount Raised: $291,947
Glen Clova Scientific

Scotland, Indiana, United States

Glen Clova Scientific is a company that developing a new gneration of active biological drugs.

BiopharmaBiotechnologyHospital
SeedApr 24, 2024
Amount Raised: $4,983,691
Carcinotech

Edinburgh, Edinburgh, City of, United Kingdom

Carcinotech is a MedTech company with expertise in manufacturing 3D printed living tumours for cancer research

BiotechnologyLife ScienceMedicalOncology
SeedJan 29, 2024
Amount Raised: $5,339,877
Sellmyartworks

Edinburgh, Edinburgh, City of, United Kingdom

Sellmyartworks is to buy and sell the pre-loved artwork.

Art
SeedJan 29, 2024
Amount Raised: $381,420