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The Venture Codex

TRICAPITAL

St Dunstan's House, High Street, Melrose, Roxburghshire, TD6 9RU, United Kingdom

Overview

Business angel syndicate investing in high-growth start-ups.

Founded

2004

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

United Kingdom
United States

Sector focus

Venture Capital

Investment portfolio

14rounds
NAMEDATESIZE
Myriad Wind
Dec 2025Led
$1 MSeed
ŌGI Bio
Jun 2024Led
$0.83 MOther Equity
Glen Clova Scientific
Apr 2024Participated
$5 MSeed
Sellmyartworks
Feb 2024Led
$0.38 MOther Equity
Carcinotech
Jan 2024Participated
$5 MOther Equity
Aurum Biosciences
Jan 2024Participated
$0.93 MOther Equity
Beta Bugs Limited
Oct 2023Led
$2 MOther Equity
Aveni
Jul 2022Led
$3 MOther Equity
Aveni
Jun 2021Led
$2 MOther Equity
Ten Bio
Apr 2021Led
$1 MOther Equity
Aveni
Jun 2020Led
$0.65 MSeed
MGB Biopharma
Apr 2017Participated
$1 MOther Equity
Myriad Wind
Dec 2025Led
$1 MSeed
ŌGI Bio
Jun 2024Led
$0.83 MOther Equity
Glen Clova Scientific
Apr 2024Participated
$5 MSeed
Sellmyartworks
Feb 2024Led
$0.38 MOther Equity
Carcinotech
Jan 2024Participated
$5 MOther Equity
Aurum Biosciences
Jan 2024Participated
$0.93 MOther Equity
Beta Bugs Limited
Oct 2023Led
$2 MOther Equity
Aveni
Jul 2022Led
$3 MOther Equity
Aveni
Jun 2021Led
$2 MOther Equity
Ten Bio
Apr 2021Led
$1 MOther Equity
Aveni
Jun 2020Led
$0.65 MSeed
MGB Biopharma
Apr 2017Participated
$1 MOther Equity
14
Items
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

TRICAPITAL: 14 funding rounds are recorded in the selected participation categories.All available history.
TRICAPITAL: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed23
Other Equity63

Monthly Deal Activity

TRICAPITAL: 14 deals are recorded across 161 months.All available history.
TRICAPITAL: 14 deals are recorded across 161 months. All available history
MonthDeals
Jun '131
Jul '130
Aug '131
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '171
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '211
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '242
Feb '241
Mar '240
Apr '241
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

TRICAPITAL: Health & Life Sciences is the largest displayed sector by deal count (7 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

TRICAPITAL: Health & Life Sciences is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Health & Life Sciences7
Enterprise Software4
Media & Entertainment4
Fintech3
AI & Machine Learning3
Professional Services3
Marketing & Advertising1
Cybersecurity & Privacy1
Food & Agriculture1
Clean Energy & Sustainability1

Deal Size Distribution

TRICAPITAL: 14 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

TRICAPITAL: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M13
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

TRICAPITAL: Europe has the largest recorded deal count among the displayed regions (14 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

TRICAPITAL: Europe has the largest recorded deal count among the displayed regions (14 deals). All available history
RegionDeals
Europe14
TRICAPITAL: 20 co-investors are shown, with Scottish Enterprise sharing 13 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

TRICAPITAL: 20 co-investors are shown, with Scottish Enterprise sharing 13 recorded deals. All available history
Co-investorShared deals
Scottish Enterprise13
Old College Capital4
SIS Ventures2
Wallace Equity2
ACF Investors1
Alba Equity1
Apollo1
Archangels1
Barwell1
Beeches Group1
Climate VC1
DSW Ventures1
Eos Advisory1
Equity Gap1
Gabriel Investment Syndicate1
InnoScot Health1
Investing Women Angels1
Investment Fund for Scotland1
Merleview1
Norcliffe Capital1

Investment Strategy

TRICAPITAL: Led accounts for 57% and participating for 43% of round participation.All available history.
TRICAPITAL: Led accounts for 57% and participating for 43% of round participation. All available history
CategoryDeals (count)Share (%)
Led857%
Participating643%
TRICAPITAL: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
TRICAPITAL: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead675%
Co-led225%

Team

Andy Purves

Company Secretary & Founder

Douglas Needham

Core Member

Hywel Ball

Core Member

Ian Douglas

Director

Iver Salvesen

Core Member

Jamie Andrew

Director

Moray Martin
Peter Huddleston

Core Member