In its 20th anniversary year, the syndicate completed 18 deals, with its members investing over £3.5 million. This leveraged nearly £30m in overall investment, including £3.1m from Scottish Enterprise.

The investments span diverse sectors, including artificial intelligence, biotech, renewable energy, and luxury goods.

TRICAPITAL’s approach to investment combines capital with mentorship, leveraging the expertise of its international membership network to provide hands-on support to its portfolio companies.

The past year has seen notable milestones achieved by its investments, including product launches, international market entries, and significant revenue growth.

Moray Martin, CEO at TRICAPITAL Angels, said: “This has been a landmark year – our 20th anniversary. The growing ticket size and the number of investments we are now able to complete demonstrates our commitment to supporting Scotland’s entrepreneurial talent and to fostering growth in high-potential businesses.

“By backing these innovative companies, we are not only delivering investment opportunities for our members and co-investors but also playing a crucial role in Scotland’s economic development and job creation.”

The syndicate’s recent deals include a seven-figure investment in Aberdeen-based HonuWorx, which aims to reduce costs and emissions for offshore repair and inspection through its fleet of autonomous, all-electric submarines.

Energy-sector innovator H2CHP also secured £600,000 to advance its revolutionary free-piston engine technology, capable of generating power without emitting carbon.

Meanwhile, a follow on £300,000 investment in Skye-based Kaly Group will help the seaweed farming business expand its operations and establish a sustainable seaweed supply chain along Scotland’s west coast.

TRICAPITAL also led a £300,000 investment into Scottish start-up business Trademylux, a platform business designed to create liquidity in the pre-owned luxury goods market. The platform, initially focuses on art works in the £5k to £100k valuation range, connecting buyers and sellers, managing all aspects of the transaction.

It has also just spearheaded an £800,000 investment into Midlothian-based Sisaltech, which is looking to revolutionise the way buildings are insulated with natural and recycled fibres.

Further notable investments include Aveni, which is delivering AI-powered customer service platforms that improve compliance and engagement, and Heero, a company empowering homeowners to improve energy efficiency with personalised retrofit advice.

TRICAPITAL has also been active in the Life Sciences sector with significant investment completed for OGI Bio, a company advancing automated cell culture systems and Glen Clova, which is developing a new generation of active biologic drugs targeting autoimmune and inflammatory diseases.

Mr Martin continued: “Each of these companies exemplifies the innovation and entrepreneurial spirit that Scotland is known for.

“Our syndicate is proud to be a part of their journeys, providing not just financial backing but also strategic support to help them scale their operations and accelerate towards their ambitions.”

Looking ahead, TRICAPITAL Angels is set to continue its focus on sectors such as renewable energy, healthcare innovation, and digital technology.

With a robust pipeline of opportunities and an ever-growing network of investors in Scotland and beyond, the syndicate is poised to build on its record-breaking success in the year to come.

Recruitment of new members is an integral part of TRICAPITAL Angel’s growth strategy. The syndicate currently has around 80 members and remains ready to welcome angels looking to join its ranks. The door also remains open for young innovate Scottish companies with high-growth potential to pitch for funding in 2025.

Mr Martin concluded: “As we enter our third decade on a strong growth trajectory, we are more committed than ever to backing Scotland’s brightest ideas by ensuring they have the support and guidance they need to succeed on a global scale.”