When was Tricapital founded?

Tricapital was founded in 2004.

Where is Tricapital's headquarters located?

Tricapital's headquarters is located in Galashiels (United Kingdom).

How many companies has Tricapital invested in?

Tricapital has invested in 33 companies, including Aveni & OGI Bio.

Which companies has Tricapital invested in lately?

JET Engineering & Myriad Wind Energy Systems are the latest investments by Tricapital.

What sectors does Tricapital focus on for investments?

Top sectors in Tricapital's portfolio are Life Sciences (11 investments) and Enterprise Applications (6 investments).

How many exits has Tricapital been involved in?

Tricapital's portfolio has seen 3 acquisitions.

Tricapital - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. Aveni

Developer of natural language processing software for financial services compliance. The platform utilizes artificial intelligence to automate quality assurance and compliance monitoring tasks for firms operating within the financial sector. It focuses on increasing administrative efficiency and strengthening oversight through the application of language models designed for regulated business environments.

Key facts about Aveni

Stage: Series B
Total Funding till date: $35.8M
Employee Count: 53 as on Jun 30, 2025
Investors: Nationwide, Nationwide and 13 Others
Latest Funding Round: Series B, Jun 05, 2026, $*****
Highlight: Editors' Pick

2. OGI Bio

Provider of a system for automation of routine microbial culturing. It offers modular culturing system to replicate manual flask culturing which includes providesa base unit and retrofittable modules to select the measurement and control features for culturing process.

Key facts about OGI Bio

Founded Year: 2020
Location: Penicuik (United Kingdom)
Valuation: $*****
Stage: Seed
Total Funding till date: $4.67M
Employee Count: 8 as on Jan 31, 2023
Investors: Scottish Enterprise, Qubis and 9 Others
Latest Funding Round: Seed, Jun 05, 2025, $*****

3. Administrate

Cloud-based LMS platform for collaborative learning. It offers a single platform for managing all aspects of learning, such as course registration, learner profiles, and progress tracking. It provides reporting and analytics capabilities to assist you in tracking learner progress, measuring training effectiveness, and identifying areas for improvement. Many manual operations related with training management, such as course scheduling, learner alerts, and reporting, are automated.

Key facts about Administrate

Founded Year: 2010
Location: Edinburgh (United Kingdom)
Valuation: $*****
Stage: Series B
Total Funding till date: $18.6M
Employee Count: 273 as on Sep 30, 2026
Investors: Salica Investments, Scottish Enterprise and 7 Others
Latest Funding Round: Series B, Aug 19, 2024, $*****
Highlight: Editors' Pick

4. H2CHP

Manufacturer of linear generators powered by hydrogen and renewable fuels. These systems convert piston motion directly into electrical energy without utilizing crankshafts or mechanical linkages. The hardware design enables operation with diverse fuel sources including ammonia, biogas, and biofuels. These power units support integration into microgrids and industrial infrastructure while allowing for adjustment to power demands. The technology facilitates energy generation for maritime and construction applications as well as backup power requirements.

Key facts about H2CHP

Founded Year: 2022
Location: Middlesbrough (United Kingdom)
Stage: Series A
Total Funding till date: $2.81M
Investors: Ukri, Blackfinch and 5 Others
Latest Funding Round: Series A, May 12, 2026, $*****

5. JET Engineering

Provider of data, visualization dashboards, and 5g networks for offshore communications. They focus on providing pop-up, floating maritime 5G communications that support safe, secure, sustainable, and smart operations in the global blue economy. Their technology enables highly resilient, high-bandwidth, low-latency communications critical for applications such as human safety management, environmental monitoring, autonomous platform operation, maritime decarbonization, and renewable energy operations at sea.

Key facts about JET Engineering

Founded Year: 2020
Location: Weymouth (United Kingdom)
Stage: Seed
Total Funding till date: $1.63M
Employee Count: 21 as on May 31, 2026
Investors: Katapult, Tricapital and 1 Other
Latest Funding Round: Seed, Apr 17, 2026, $*****

View the full list of portfolio companies

Tricapital has invested in 33 companies over the last 20 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in JET Engineering and most recent follow-on round was in Beta Bugs.

Here are Tricapital's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	1	0	1
2025	3	1	4
2024	5	3	8
2023	2	0	2
2022	3	1	4
2021	1	1	2
2020	1	1	2
2019	0	1	1
2018	0	0	0
2017	0	3	3

View all investments by Tricapital

Tricapital has made 28 investments in Seed stage with an average round size of $1.34M and 5 investments in Series A stage with an average round size of $2.7M.

Here are Tricapital's investments by stage:

Stage of entry	No. of Investments
Seed	28
Series A	5

Note: We have considered here, only first round of investments

View all investments by Tricapital

Tricapital has a diverse portfolio, with companies operating in the Life Sciences, Enterprise Applications, High Tech, Enterprise Infrastructure and Sustainability Tech. Notably, it has invested in 22 Tech companies, 21 Enterprise (B2B) companies, 7 Software companies and at least 5 companies focusing on Saas.

Here are Tricapital's investments by sector:

Sector	No. of Investments
Life Sciences	11
Enterprise Applications	6
High Tech	5
Enterprise Infrastructure	3
Sustainability Tech	3
Others	22

Note: We have considered here, only first round of investments

View all investments by Tricapital

Tricapital has made most investments in United Kingdom (28), followed by Canada where it has made 1 investment.

Here are Tricapital's investments by geography:

Country	No. of Investments
United Kingdom	28
Canada	1
Scotland	1
United States	1

Note: We have considered here, only first round of investments

View all investments by Tricapital

Tricapital has made 1 investments in 2026 so far - JET Engineering.

Here are the most recent investments by Tricapital:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Apr 17, 2026	JET Engineering	United Kingdom	Seed	6958	The FSE Group
Dec 18, 2025	Myriad Wind Energy Systems	United Kingdom	Seed	1551	SFC Capital [+2]
Jun 12, 2025	ScreenIn3D	United States	Seed	6760	Gabriel Investments [+3]
Mar 05, 2025	Beta Bugs	United Kingdom	Series A	1309	Scottish Enterprise
Jan 15, 2025	Sisaltech	United Kingdom	Seed	5851	-

See more recent investments made by Tricapital

3 companies from Tricapital's portfolio have been acquired. The most recent acquisition was DesignLED in Jun 2021 by Faurecia for $*****.

Here are Tricapital's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
DesignLED	Jun 09, 2021	Aug 19, 2011	Series A	8352
ZoneFox	Oct 23, 2018	Apr 08, 2013	Seed	8010
Biopta	Nov 25, 2015	Dec 08, 2008	Seed	6356

View all acquired companies in Tricapital's portfolio

Tricapital has a team of 2 members including 2 Partners located in United Kingdom and United States. Tricapital's team does not sit on the board of any company as of now.

View team details of Tricapital

Over the past 20 years, 80 investors have co-invested in Tricapital's portfolio companies. This includes funds and angels.

Invested before Tricapital: Scottish Enterprise, Archangels and 9 others have invested in rounds before Tricapital. There are 3 companies where Scottish Enterprise has invested before Tricapital and 1 company where Archangels has invested before Tricapital.
Top Co-investors of Tricapital: 36 investors entered a company along with Tricapital. These include investors like Scottish Enterprise (20 companies).
Invested after Tricapital: A total of 33 investors have invested in Tricapital's portfolio after their investments. Top Investors include Europa (3 companies) and Par Equity (2 companies).