TRICAPITAL Arms Scottish Innovator with £800,000 Investment

Deal News | Jan 15, 2025 | Scottish Enterprise

TRICAPITAL Arms Scottish Innovator with £800,000 Investment

A Scottish company dedicated to developing innovative low-carbon insulation solutions has received a significant financial boost in the form of an £800,000 investment led by TRICAPITAL Angels and supported by Scottish Enterprise, among others. This investment aims to support the company's efforts to revolutionize building insulation technology, ensuring more sustainable and energy-efficient solutions for the construction industry. The backing from angel investors highlights a growing interest in environmentally conscious technologies and underscores the importance of sustainable practices in modern construction. This funding also demonstrates the role of Scottish Enterprise and angel investors in nurturing innovative businesses that contribute positively to environmental goals.

Sectors

  • Construction and Building Materials
  • Renewable Energy and Sustainability

Geography

  • Scotland – The company receiving investment is based in Scotland, and both the lead investor, TRICAPITAL Angels, and Scottish Enterprise are also based in Scotland.

Industry

  • Construction and Building Materials – The article involves a company developing new low-carbon insulation technologies, highlighting advancements in building materials within the construction sector.
  • Renewable Energy and Sustainability – The focus on low-carbon insulation indicates the industry's alignment with sustainable and renewable energy solutions to reduce environmental impact.

Financials

  • £800,000 – The total amount of investment led by TRICAPITAL Angels and supported by Scottish Enterprise to fund the innovative low-carbon insulation project.

Participants

NameRoleTypeDescription
TRICAPITAL AngelsLead InvestorCompanyAn angel investment group leading the funding round to support the Scottish company's low-carbon insulation project.
Scottish EnterpriseSupporting InvestorCompanyScotland’s national economic development agency investing in innovative projects to promote sustainable business practices.
Scottish Insulation CompanyTarget CompanyCompanyAn innovative company developing low-carbon insulation solutions aiming to revolutionize the building insulation industry.