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TRICAPITAL operates as a prominent business angel syndicate, providing crucial early and mid-stage venture capital to innovative Scottish companies. The syndicate facilitates investment rounds, combining financial backing with strategic guidance from its experienced members. This approach supports the development of high-potential enterprises across various sectors.
Founded in 2004, initially as Tweed Renaissance Investors Capital, TRICAPITAL emerged from recognizing a market need for structured angel investment. It was established by a cohort of accomplished entrepreneurs, CEOs, and business leaders. Their founding insight centered on leveraging collective expertise and capital to empower burgeoning Scottish enterprises.
TRICAPITAL primarily serves innovative Scottish companies seeking growth capital and strategic mentorship. The syndicate’s vision positions it as a vital contributor to the Scottish startup ecosystem, actively identifying and nurturing businesses with significant growth prospects. TRICAPITAL aims to foster economic development by enabling enterprises to scale and succeed.
Key people at TRICAPITAL.
TRICAPITAL was founded in 2004 by Andy Purves (Company Secretary & Founder).
TRICAPITAL has 5 tracked investments across 3 companies. The latest tracked deal is $5.0M Seed in Glen Clova Scientific in April 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 25, 2024 | Glen Clova Scientific | $5.0M Seed | Patricia Reynolds | Doug Quinn, Scottish Enterprise |
| Jul 8, 2022 | Aveni | $3.3M Other Equity | PAR Equity, Tricapital | — |
| Jun 22, 2021 | Aveni | $1.5M Other Equity | Tricapital | — |
| Jun 2, 2020 | Aveni | $650K Seed | Tricapital | — |
| Jun 24, 2013 | My1Login | $500K Seed | — | Equity GAP, Scottish Enterprise |
Key people at TRICAPITAL.
TRICAPITAL was founded in 2004 by Andy Purves (Company Secretary & Founder).