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Techstart Ventures

VC

GBB2B SaaSAI/MLHealthtechDeep TechEnterpriseDevtoolsCybersecurityOther

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Investment thesis

Techstart Ventures is a first-cheque VC that invests at inception to pre-seed stage, writing initial cheques up to £750k with capacity for follow-on. The firm does not require product-market fit or revenue to make an investment, focusing instead on teams with unique insights, global ambition, and an obsessive approach to iteration. Geographically, Techstart concentrates on founders building from a base in Scotland or Northern Ireland, believing that outlier founders and venture capital are widely misunderstood in these territories. Backed by the Scottish Government and Invest Northern Ireland, the firm manages approximately £50 million in combined equity fund capacity and seeks to be a trusted peer to founders — helping them achieve product/market fit, build their boards, and develop their Series A funding strategies.

Notable quotes

We're excited to bring this new fund into such an open and supportive ecosystem. We look forward to helping more founders get the funding and support they need on their journey to building the next generation of amazing companies.

Mark Hogarth · https://www.techstart.vc/news/view/62/techstart-opens-new-scottish-office-and-completes-first-four-investments

Bringing our proven approach to Scotland with a new fund was a natural next step for Techstart as we seek to scale our own business.

Hal Wilson · https://www.techstart.vc/news/view/62/techstart-opens-new-scottish-office-and-completes-first-four-investments

Loadar is a wonderful example of innovation born out of Northern Ireland. Ciaran and his team have every necessary attribute to successfully scale what is a clearly needed solution to a problematic link in the supply chain.

Jamie Andrews · https://www.eu-startups.com/2024/12/belfast-startup-loadar-loads-up-e3-8-million-to-deliver-smarter-freight-solutions/ · 2024-12-17

Team

Hal Wilson

Partner

HealthtechDeep TechB2B SaaS

Jamie Andrews

Partner

EnterpriseB2B SaaS

Mark Hogarth

Partner

AI/MLDevtoolsDeep Tech

Robert Richmond

Investor

Calum Forsyth

VC Investor

Allen Martin

Investment Director

Recent investments

CompanyRoundSizeDate
TeamFeePaySeries A$12m2026-01-19
ForSightSeed$670k2026-03-02
CloudsmithSeries B$23m2025-03-03
Axial3DSeries Unknown$18m2024-12-18
LoadarSeed$4m2024-12-17
RayloSeries B$136m
Continuum IndustriesSeries A$10m2023-09-25
NeurolabsPre-Seed$1m2020-07-10
BudibaseSeed$7m2022-11-14
NeurovalensSeed

Frequent co-investors

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