TRICAPITAL
Angel networkScottish Borders · Seed–Growth · 3 people tracked
Investment thesis
TRICAPITAL is a hands-on Scottish angel syndicate that leads early-stage investments, typically syndicating with co-investors including Scottish Enterprise for larger rounds. It seeks innovative, differentiated businesses with international growth potential, strong management teams, and the capacity to deliver significant economic impact in Scotland. Beyond capital, members contribute entrepreneurial expertise through mentorship, board participation, networking, and strategic guidance from pitch through to exit. While historically active across technology and software, life sciences and healthtech, engineering, clean tech and energy transition, agri and aqua tech, and defence, the syndicate describes itself as sector-agnostic rather than sector-constrained.
Source: firm website, verified Aug 3, 2026.
Team · 3 people
from the firm's website & curated
What they invest in
from 3 of 10 portfolio companiesDeep Tech ×3AI & Machine Learning ×1Biotech ×1Defense Tech ×1Energy ×1Hardware ×1Healthtech ×1IoT ×1
HQs:United Kingdom×3
Investments · 10 tracked
founders shown can be your intro pathCarcinotech produces bioprinted tumor models combining patient-derived biological material with automated workflows to generate reproducible tumor tissue systems for drug discovery and testing.
AI & Machine LearningBiotechDeep TechHealthtechMedical DevicesEdinburgh, GB
Lorna(Chief Scientific Officer)
Co-investorsAlba Equity
Gas Sensing designs and manufactures solid-state CO2 and methane sensors using patented mid-infrared LED technology, serving aerospace, agriculture, industrial safety, medical devices, and indoor air quality monitoring sectors.
Deep TechHardwareIoTUK, GB
James Murray Brown(Financial Director)
BoardNeill Ricketts(Executive Chairman)
HonuWorx develops uncrewed subsea robotics and communications platforms to replace surface vessels in offshore operations, serving oil and gas, offshore wind, and defence sectors.
Deep TechDefense TechEnergyRoboticsAberdeen, GB
Lee Wilson(Co-founder)Lucas Wissmann(Co-founder)Callum Crawford(Head of Programmes)
BoardSteven Gray(Chairman)
Co-investorsScottish EnterpriseFuture Planet CapitalUK Innovation & Science Seed FundVala Capital
Co-investorsThe FSE Group
Principals & officers · per Companies House
what is this? ⓘDirector · British · since 2025
Director · British · since 2025
Director · British · since 2025
Tri-Pharma Holdings Limited — 75–100% of shares, 75–100% of voting rights, right to appoint and remove directors
Frequently asked questions
- How many investments has TRICAPITAL made?
- TRICAPITAL has 10 tracked investments.
- What stage does TRICAPITAL invest at?
- TRICAPITAL invests at the Seed, Series A, Series B, Series C, Growth stages.
- What is TRICAPITAL's typical check size?
- TRICAPITAL typically writes checks of $315K – $2.5M.
- What sectors does TRICAPITAL focus on?
- TRICAPITAL focuses on Advanced Manufacturing, AgTech, AI & Machine Learning, Biotech, Cleantech, Defense Tech, Energy, FoodTech, Hardware, Healthtech, IoT, Medical Devices, SaaS, Sector Agnostic.
- Where is TRICAPITAL located?
- TRICAPITAL is headquartered in Scottish Borders, GB.
- Does TRICAPITAL lead rounds?
- Yes, TRICAPITAL leads investment rounds.
- Who does TRICAPITAL co-invest with?
- TRICAPITAL most often shares deals with Alba Equity, Future Planet Capital, The FSE Group, among 5 tracked co-investors.
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