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Techstart Ventures

Techstart Ventures

Venture Capital

Techstart Ventures LLP is a venture capital fund manager operating in Scotland and Northern Ireland, providing support for early-stage technology businesses through equity and grant funds.

Portfolio

24

companies

AUM

£100M

under management


Portfolio companies

G

Gigged.AI

Gigged.AI provides an AI-driven platform for sourcing and managing flexible technology talent.

SA

Sonrai Analytics

Sonrai Analytics develops artificial intelligence cloud software to transform complex healthcare data into precision medicine insights.

Touchlab

Touchlab

Touchlab develops electronic skin to give robots the sense of touch.

T

Tillit

Tillit operates a curated investment platform for private individuals.

R

RESPONSIBLE

Embedded finance platform enabling circularity and reCommerce within the fashion industry.

Lupovis

Lupovis

Lupovis provides artificial intelligence driven deception environments for proactive cybersecurity defence.

G

Gigged

Gigged develops an artificial intelligence platform that matches organisations with on-demand technology talent.

C

CattleEye

CattleEye provides autonomous livestock welfare and performance monitoring using deep learning video analytics.

D

Desana

Desana provides a flexible workspace platform that helps global employers manage hybrid working.

A

AntennaWare

AntennaWare develops high-performance antenna solutions for wearable electronics.

loyalBe

loyalBe

loyalBe provides an open banking loyalty platform and mobile application for retailers.

R

Ruffly

Ruffly builds software planning tools to help teams forecast and track projects using data insights.

HeySummit

HeySummit

HeySummit provides tools for planning and running virtual events.

L

Liopa

Liopa develops automated lip-reading technology for video transcription and healthcare communication.

Neurolabs

Neurolabs

Neurolabs offers a no-code computer vision platform that generates synthetic data for retail automation.

StormHarvester

StormHarvester

StormHarvester uses machine learning and weather forecasting to manage water and wastewater networks.

N

Neurovalens

Neurovalens develops non-invasive neurostimulation medical devices for neurological conditions.

BrainWaveBank

BrainWaveBank

BrainWaveBank develops a digital platform for remote monitoring of neurological and psychiatric conditions.

Continuum Industries

Continuum Industries

Continuum Industries builds artificial intelligence software for planning and designing linear infrastructure projects.

P

Prodsight

Prodsight provides an artificial intelligence platform that analyses customer conversations to help businesses track issues and reduce churn.

C

Cloudsmith

Cloudsmith provides cloud-native software supply chain management tools.

S

Stampede

Stampede provides digital growth services and customer engagement tools for offline businesses.

ML

Machine Labs

Machine Labs provides an automated e-commerce marketing platform for online stores.

Raylo

Raylo

Raylo offers a subscription leasing model for smartphones to combat electronic waste.


Team

Jamie Andrews

Jamie Andrews

Investor

Jamie brings venture capital and operational finance experience from roles at Techstart Ventures, Pentech Ventures, and RainStor. Earlier financial leadership includes positions at Lagan Technologies, Sky, and KPMG.

LinkedIn
MH

Mark Hogarth

Partner

Mark is a partner at Techstart Ventures and Focal, alongside holding directorships including UK Games Talent and Finance Community Interest Company. He also brings board experience from Exterity, Onzo, and Trisent.

LinkedIn
Hal Wilson

Hal Wilson

Partner

Hal is a partner at Techstart Ventures. He previously served as a partner at Pentech Ventures and held several non-executive director roles.

LinkedIn
CF

Calum Forsyth

Investor


Recent investments

Seed
£1.6M

The seed round was led by Par Equity with support from Techstart Ventures, Nile HQ, and notable entrepreneurs.

"HR tech is a fast-growing segment, and what Rich, Craig and the team have built in terms of the technology to support sourcing, onboarding, and helping to retain staff, in such a short amount of time is a remarkable achievement."
— Paul Atkinson, Partner
Seed
£2.2M

Forward Partners led the seed plus financing to help the healthcare technology firm scale its operations in the United States and Europe.

"This investment enables us to focus on the growth of our customer base in the US, develop our customer success strategy and expand our AI capabilities to further enable discovery in healthcare. We are delighted to welcome Forward Partners to the board and feel their commercial insights will help drive the business to increased success."
— Darragh McArt, CEO
Seed
£3.5M

Octopus Ventures leads a £3.5m seed round in Touchlab to advance robotic electronic skin technology.

"Touch is the final frontier for robot interaction and entry into physical environments – enabling true dexterity and safety. We have taken on this challenge by developing a ‘full-stack’ solution; retrofittable e-skin that gathers the data, software to make sense of it, and integration to ensure it works in demanding applications – from grocery grasping to telerobotics in extreme environments. Octopus’ expertise propel us to achieve e-skin’s full potential and create a step-change in robotics."
— Zaki Hussein, Founder and CEO
Seed
£615K

The pre seed round was co led by Techstart Ventures and Nauta Capital to support team expansion and platform development.

"We are thrilled with the opportunities this investment creates to develop Lupovis’ dynamic deception capabilities. Our system uses artificial intelligence to create scenarios which mirror the existing infrastructure of an organisation and engages the attacker into believing they are progressing towards assets of value, turning networks from a flock of sheep to a pack of wolves. We are in a unique position where we have unrivalled data on attacker techniques, methods and behaviour. We will feed this data into our platform, so our customers will always remain one step ahead of attackers, predicting their next move, long before they actually make it."
— Xavier Bellekens, CEO
Pre-Seed
£600K

The pre-seed round was led by Techstart Ventures with participation from a group of angel investors.

"Since our launch in July 2021, the response to our product has surpassed our expectations and confirmed there is a substantial market for our proposition at a time when how we work is changing. Techstart and our other prominent investors are the ideal partners to help us scale to reach a much wider audience and further develop our offering to position us at the forefront of the global talent platform industry."
— Rich Wilson, CEO
Seed
£1.8M

The seed round was led by Techstart Ventures to bring the firm's autonomous livestock monitoring technology to market.

"Our company’s mission is to ‘turn the tide’ on climate change and CattleEye fits that by reducing dairy cow carbon emission intensity using camera technology that requires no hardware or devices to be attached to a cow."
— Ryan Morris, CEO
Seed
£2.9M

The oversubscribed round included participation from BGF and Techstart Ventures.

"Over the last year we’ve helped some of the world’s leading companies address the immediate challenges of hybrid working at scale, while also building the foundations for a more data driven approach to real estate strategy and urban planning,"
— Michael Cockburn, CEO
Seed
£300K

The Belfast-based wearable technology company secured the backing of QUBIS and Techstart Ventures.

"AntennaWare’s patented technology can greatly increase the range and reliability of wearable wireless devices they are integrated into. The wearable devices can transmit further, with less dropouts and using less power, which helps facilitate applications thought previously impossible for medical monitoring, sports and fitness, wireless audio and wireless proximity detection."
— Matthew Magill, Co Founder
Seed
£730K

The oversubscribed round was led by Techstart Ventures with participation from Clarendon Fund Managers and angels.

"We intend to use the funds to build partnerships and upscale our marketing efforts within Ireland. We have recently partnered with Visa to expand into the Irish market and this investment will allow us to accelerate our rollout of the app to local businesses."
— Cormac Quinn, Founder and CEO
Pre-Seed
£300K

The pre-seed round was led by Techstart Ventures to support team growth and product development.

"The digital economy is 22% of global GDP and yet it’s an inside joke that software and IT projects often overrun. Studies have shown that two-thirds of projects have planning failures. That’s a trillion dollar collective failure of our industry."
— Matt Farrugia, Founder
Seed
Undisclosed

The Belfast start-up gains official backing to bring its LipRead and SRAVI communication products to market.

"We’re always excited to see how the companies we’ve worked with continue to grow and innovate producing cutting edge research. Liopa is doing some critical work and using their research to provide solutions in a particularly challenging time. We’re pleased the team are getting the funding they deserve to continue this work."
— Brian McCaul
Pre-Seed
£910K

Lunar Ventures and Techstart Ventures co-led the pre-seed round for the computer vision start-up.

"I want to thank our team for the hard work they’ve put in to get us where we are today. Like most companies, we’ve hit a rough patch at the start of the pandemic and we wouldn’t have made it without each and every individual contribution."
— Paul Pop, CEO and Founder
Seed
£1.8M

Green Angel Syndicate led the investment round to accelerate international expansion and support team growth.

"This €2 million investment will allow us take our technology further into the European market and also enter the exciting North American market. We are planning to action our aggressive hiring plan over the coming months and grow our team significantly. This will initially focus on building our capacity to tackle major water management and sewer pollution issues through the hiring of software engineers, data scientists and drainage engineers, as well as expanding our marketing team to raise awareness of our products"
— Brian Moloney, Chief Executive
Series A
£5.1M

The financing will support clinical trials, product development and team expansion as the business pursues international regulatory approvals.

"Our work in the US and the success of the trials we have run to date have demonstrated the potential of our technology and encouraged us to pursue other applications. With this financing and the backing of our investors we can accelerate our mission of delivering effective and non-invasive solutions for some of the most common and debilitating medical conditions."
— Jason McKeown, CEO and co-founder
Series A
£1.1M

Par Equity led the Series A round to support technology development and commercial expansion.

"We are delighted to continue working with Par Equity who have been very supportive of our company and our vision. This investment will enable us to continue to develop and commercialise our cutting-edge technology that addresses a major unmet need in the development of novel therapies that can significantly reduce costs of care and improve patient outcomes for millions of people worldwide."
— Ronan Cunningham, CEO
Seed
£1.5M

The seed round was co-led by Playfair Capital and Credo Ventures with participation from Techstart Ventures and angel investors.

"Before founding Continuum Industries, we led a 150-people strong hyperloop team at the University of Edinburgh. While there, we built the UK’s first hyperloop prototype vehicle and successfully competed in contests run by SpaceX and Virgin Hyperloop One. It was the hyperloop moonshot that made us realise the socio-economic value of infrastructure and forced us to think about better ways of taking infrastructure projects from ideas to reality."
— Grzegorz Marecki, CEO & Co-founder
Pre-Seed
£400K

The pre-seed round was led by Techstart Ventures and will support team expansion and product integrations.

"Most companies are sitting on a growing pile of crucial customer feedback, but they lack the tools to actually make sense of it. We love that Prodsight unlocks this trapped value for customers by extracting actionable insights from customer feedback channels, allowing users to make the product changes that will matter the most."
— Mark Hogarth, Partner
Seed
£2.1M

The Belfast based software firm raised the seed capital from Frontline Ventures, MMC Ventures, and Techstart Ventures.

"We believe that the concept of provenance will play a defining role in the future of software security and quality. All companies need end-to-end visibility and control of the assets in their software pipelines. It’s important to have the support of Frontline and MMC as we enter this critical stage in Cloudsmith’s growth,"
— Alan Carson, Co-Founder & CEO
Series A
£4.6M

The Belfast-based health technology firm secured Series A backing from investors including Wharton Asset Management and IQ Capital to advance its neurological research and medical trials.

"We are delighted to receive this latest wave of funding, it will enable us to continue to lead the way in developing non-invasive neuro-stimulation technology and will propel our work to a whole new level,"
— Jason McKeown, CEO and co-founder