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Angel Investor (Group)
tricapital.co.uk

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Investments

49

Portfolio Exits

5

Service Providers

1

About TRICAPITAL Angel Investors

TRICAPITAL Angel Investors, which is based in the Scottish Borders, was founded in 2005 with the intention of investing in growth businesses in the Borders and beyond. Its founders include some of the Borders' business people who, between them, have many years' experience of building and investing in enterprises in the Borders and further afield.

TRICAPITAL Angel Investors Headquarters Location

St Dunstans House High Street

Melrose, Scotland, TD6 9RU,

United Kingdom

01896 820631

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Latest TRICAPITAL Angel Investors News

TRICAPITAL Angel Investors appoints Moray Martin as new CEO

May 13, 2021

TRICAPITAL Angel Investors appoints Moray Martin as new CEO Published 13 May 2021 TRICAPITAL Angel Investors (TRICAPITAL), the Scottish angel syndicate, has appointed Moray Martin as its new chief executive officer. Moray Martin The firm has announced a number of changes to its board and leadership team as the firm enters its next phase of growth. Mr Martin, who was previously employed as TRICAPITAL’s development director, will lead the roll-out of the firm’s new strategic plan and business model alongside operations manager, Carolyn Murray. Jamie Andrew, who has led TRICAPITAL for over four years as executive chair, steps down from the role at the end of June to become Honorary President and will continue to support the syndicate in an ambassadorial role. Douglas Needham, currently vice-chair, will become non-executive chair from 1st July. Additionally, Kathy Kinder has joined the board as a director from her previous position as board advisor, and will work closely with the leadership team on business development and deals. Andy Purves continues in his role of director. TRICAPITAL was established in 2004 and has since backed 28 companies, while achieving a series of exits including Biopta, Lab 901, Sphynx Medical, Touch Bionics, Exterity and ZoneFox. Last month, the firm led a £1 million investment round in Ten Bio, a University of Dundee spin-out developing a human skin culture system and completed a £1.2m follow on round for Aveni, a fast-growth company that uses conversational data to analyse risk in the financial services sector. Both deals included match funding from Scottish Enterprise. Moray Martin said: “TRICAPITAL has evolved to become a significant player on the Scottish angel investor scene. I am excited to be leading the next phase of growth for the syndicate, supported by our active and growing cohort of members, in an environment and ecosystem which continues to present significant value-driven opportunities.” “The firm has a strong track record around delivery of support, loyalty, and service to our portfolio companies. We have a rich heritage and brand which provides me and the rest of the new leadership team with a fantastic foundation to begin the next chapter in our story.” Douglas Needham added: “I would like to thank and pay tribute to Jamie on the occasion of his retiral. He is a founding member of TRICAPITAL and has achieved a great deal during his time on the board, and then as chair. We look forward to his continuing contribution as Honorary President.” Moray Martin added: “The Ten Bio and Aveni deals highlight the kind of deals we are looking to complete going forward, typically in the £500,000 to £2m range, investment rounds in which we will lead while bringing in other investors and value including from the public sector. “While we have built a reputation for investment into tech, biomedical, electronics and engineering, we are in fact sector agnostic and our main focus is around backing entrepreneurs who we believe we can support and help guide to commercial success.”

TRICAPITAL Angel Investors Investments

49 Investments

TRICAPITAL Angel Investors has made 49 investments. Their latest investment was in Aveni as part of their Series A on June 6, 2022.

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TRICAPITAL Angel Investors Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/21/2022

Series A

Aveni

$3.38M

No

2

5/16/2022

Seed VC

ŌGI Bio

$1.22M

Yes

2

4/25/2022

Seed VC

Carcinotech

$2.04M

Yes

2

2/23/2022

Seed

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10

6/21/2021

Seed VC

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$99M

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10

Date

6/21/2022

5/16/2022

4/25/2022

2/23/2022

6/21/2021

Round

Series A

Seed VC

Seed VC

Seed

Seed VC

Company

Aveni

ŌGI Bio

Carcinotech

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Amount

$3.38M

$1.22M

$2.04M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

2

2

2

10

10

TRICAPITAL Angel Investors Portfolio Exits

5 Portfolio Exits

TRICAPITAL Angel Investors has 5 portfolio exits. Their latest portfolio exit was designLED Products on June 09, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/9/2021

Acquired

$99M

6

4/6/2021

Acquired

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$99M

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10

10/23/2018

Acquired

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$99M

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10

11/25/2015

Acquired

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$99M

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10

1/31/2009

Acquired

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$99M

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0

Date

6/9/2021

4/6/2021

10/23/2018

11/25/2015

1/31/2009

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

6

10

10

10

0

TRICAPITAL Angel Investors Acquisitions

1 Acquisition

TRICAPITAL Angel Investors acquired 1 company. Their latest acquisition was LIVINGSKIN on May 31, 2008.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/31/2008

$99M

Acq - Fin

1

Date

5/31/2008

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

1

TRICAPITAL Angel Investors Service Providers

1 Service Provider

TRICAPITAL Angel Investors has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Anderson Strathern

Seed

Counsel

General Counsel

Service Provider

Anderson Strathern

Associated Rounds

Seed

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

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