Fundraising FoxTRICAPITAL
Angel networkScottish Borders · Seed–Series A · 6 people tracked
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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 · 6 people
from the firm's website & curated & public directories
Chief Operating Officer and the contact for corporate partnership discussions.
Handles membership services and is the point of contact for individuals interested in becoming an angel investor.
What they invest in
from 7 of 14 portfolio companiesDeep Tech ×4AI & Machine Learning ×3Biotech ×2Hardware ×2Advanced Manufacturing ×1AgTech ×1Climate Tech ×1Consumer ×1
HQs:United Kingdom×4Italy×1
Investments · 14 tracked
founders shown can be your intro pathBy year:2024 · 12018 · 12 dated
Aveni builds AI tools using natural language processing for the financial services industry, helping firms automate administrative tasks, generate suitability reports, run quality assurance, and identify vulnerable or high-risk clients.
AI & Machine LearningFintechSaaS
Joseph Twigg(Founder)
Co-investorsOld College CapitalLloyds Banking GroupNationwidePXN VenturesScottish Enterprise
Beta Bugs develops and distributes genetically selected Black Soldier Fly breeds for protein producers.
AgTechBiotechClimate TechFoodTechEdinburgh, GB
Thomas Farrugiain
Co-investorsDeep Science VenturesScottish Enterprise
Carcinotech 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 EquityBritish Business BankEos AdvisoryGabriel Investment SyndicateInvesting Women AngelsInvestment Fund for Scotland+4 more
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)in
BoardNeill Ricketts(Executive Chairman)
Co-investorsScottish Investment Bank
Heero is a language learning application that uses voice technology to help users improve their speaking skills in foreign languages, particularly English.
AI & Machine LearningConsumerEdTech
Domenico Crescenzo(CEO)in
Co-investorsMoonstone Venture CapitalMint VenturesScottish Enterprise
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)inLucas Wissmann(Co-founder)inCallum Crawford(Head of Programmes)in
BoardSteven Gray(Chairman)
Co-investorsScottish EnterpriseFuture Planet CapitalUK Innovation & Science Seed FundVala Capital
PowerPhotonic designs and manufactures wafer-scale freeform optics, including beam shapers, diffusers, homogenizers, and combiner optics, for engineers building advanced laser systems.
Advanced ManufacturingDeep TechHardwareFife
BoardSimon Clovis Younger(Director)
Co-investorsMaven Capital Partners
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AdministrateGlen ClovaH2CHPJET ConnectivityMyriad WindTen Bio
Portfolio news
latest coverage across their companiesBeta Bugs · betabugs.uk · Aug 17, 2026
Aveni · thesaasnews.com · Jun 9, 2026
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 14 tracked investments.
- What stage does TRICAPITAL invest at?
- TRICAPITAL invests at the Seed, Series A 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 Deep Science Ventures, Future Planet Capital, The FSE Group, among 6 tracked co-investors.
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