When was Techstart Ventures founded?

Techstart Ventures was founded in 2014.

Where is Techstart Ventures' headquarters located?

Techstart Ventures' headquarters is located in Belfast ( United Kingdom ).

How big is Techstart Ventures' investment team?

Techstart Ventures has a team of 11, including 3 partners.

How many companies has Techstart Ventures invested in?

Techstart Ventures has invested in 117 companies, including Bella and Duke & Raylo.

Which companies has Techstart Ventures invested in lately?

Valla & Neurolabs are the latest investments by Techstart Ventures.

What sectors does Techstart Ventures focus on for investments?

Top sectors in Techstart Ventures' portfolio are Enterprise Applications (60 investments) and High Tech (28 investments).

What stages of companies does Techstart Ventures typically invest in?

Techstart Ventures primarily invests in Seed and Series A stages.

Techstart Ventures - 2025 Investor Profile, Portfolio, Team & Investment Trends - Tracxn

Q: How many exits has Techstart Ventures been involved in?

Techstart Ventures' portfolio has seen 1 IPO and 12 acquisitions.

1. Bella and Duke

Internet first brand offering subscription-based food for pets. The platform offers users personalized recommendations based on the pet's details like gender, age, weight, activity, height, health issues, diet plans, and more. The platform offers meals in various flavors like beef, salmon, lamb, fish, duck, and more.

Key facts about Bella and Duke

Founded Year: 2016
Location: Blairgowrie and Rattray (United Kingdom)
Annual Revenue: £19.3M as on Mar 31, 2022
Valuation: $195M as on Apr 30, 2021
Stage: Series B
Total Funding till date: $18.6M
Employee Count: 68 as on Mar 31, 2021
Investors: Gresham House Ventures, BGF and 21 Others
Latest Funding Round: Series B, Apr 30, 2021, $9.9M
Highlight: Editors' Pick

2. Raylo

Key facts about Raylo

Founded Year: 2006
Location: London (United Kingdom)
Stage: Series B
Total Funding till date: $31.7M
Employee Count: 30 as on Sep 30, 2021
Investors: Macquarie Group, NatWest and 14 Others
Latest Funding Round: Series B, Sep 12, 2023, $6.51M

3. Axial3D

Provider of cloud-based 3D-printed medical models and surgical guides. It takes patient-specific CT and MRI scans of orthopedic injuries, and uses 3D printing technology to manufacture custom 3D printed models, which can then be used by surgeons to plan and practice complex surgical procedures, dramatically improving patient outcomes. Its product portfolio includes models for orthopedics and traumatology, cardiology and cardiac surgeries, neuro surgeries, and pre-operative planning.

Key facts about Axial3D

Founded Year: 2014
Location: Belfast (United Kingdom)
Annual Revenue: £474K as on Sep 30, 2023
Valuation: £37.2M as on Oct 16, 2023
Stage: Series C
Total Funding till date: $44.7M
Employee Count: 49 as on Jan 31, 2022
Investors: NVIDIA, Future Fund and 35 Others
Latest Funding Round: Series C, Dec 18, 2024, $18.2M
Highlight: Editors' Pick

4. Cumulus Neuroscience

AI and cloud-based brain physiology analysis tool for clinical trials. It has a cloud-based platform and device that provides a next generation integrated physiological and digital biomarker platform that has the ability to perform assesment tests, analyse results, real-time data collection, and more for drug discovery.

Key facts about Cumulus Neuroscience

Founded Year: 2015
Location: Belfast (United Kingdom)
Valuation: £9.25M as on Jul 08, 2020
Stage: Series A
Total Funding till date: $15.2M
Employee Count: 41 as on Dec 31, 2021
Investors: SV Health Investors, British Business Investments and 28 Others
Latest Funding Round: Series A, May 04, 2021, $8.32M
Highlight: Editors' Pick

5. Neurolabs

Neurolabs provides AI-based object recognition solutions for retail industry. The solution uses computer vision and deep learning techniques to recognize products for automating shelf management tasks, and uses synthetically generated data to develop object recognition models or train deep learning models. Also offers AI detectors that offer product recognition for grocery retail

Key facts about Neurolabs

Founded Year: 2018
Location: Edinburgh (United Kingdom)
Valuation: $4.78M as on Jul 10, 2020
Stage: Series A
Total Funding till date: $12.4M
Employee Count: 5 as on Sep 30, 2022
Investors: MK Venture Capital, Nauta Capital and 16 Others
Latest Funding Round: Series A, Apr 23, 2025, $7.8M
Highlight: Editors' Pick

Want to see the entire list?

Techstart Ventures has invested in 117 companies over the last 11 years, with an average of 8 new investments annually in the last 10 years. In 2024, it made 7 investments, while as of Jun 2025, it has made 4 investments in this year. Its most recent first time investment was in Loadar and most recent follow-on round was in Valla.

Here are Techstart Ventures' Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	0	4	4
2024	4	3	7
2023	3	3	6
2022	8	5	13
2021	13	5	18
2020	13	3	16
2019	16	4	20
2018	6	1	7
2017	6	1	7
2016	4	0	4

View all investments by Techstart Ventures

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Techstart Ventures has made 70 investments in Seed stage with an average round size of $1.48M, 5 investments in Series A stage with an average round size of $3.88M, 2 investments in Grant (prize money) stage with an average round size of $98.9K and 1 investment in Series B stage with an average round size of $7.05M.

Here are Techstart Ventures' investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Seed	70
Series A	5
Grant (prize money)	2
Series B	1

View all investments by Techstart Ventures

Techstart Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, HealthTech and Life Sciences. Notably, it has invested in 101 Tech companies, 79 Enterprise (B2B) companies, 58 Software companies and at least 32 companies focusing on Consumer (B2C).

Here are Techstart Ventures' investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Enterprise Applications	43
Consumer	19
High Tech	19
HealthTech	10
Life Sciences	10
Others	86

View all investments by Techstart Ventures

Techstart Ventures has made most investments in United Kingdom (76), followed by United States where it has made 2 investments.

Here are Techstart Ventures' investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
United Kingdom	76
United States	2

View all investments by Techstart Ventures

Techstart Ventures has made 4 investments in 2025 so far. Valla and Neurolabs are the latest among them.

Here are the most recent investments by Techstart Ventures:

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jun 02, 2025	Valla	United Kingdom	Seed	$2.7M	Ada Ventures [+3]
Apr 23, 2025	Neurolabs	United Kingdom	Series A	$7.8M	Nauta Capital [+2]
Mar 03, 2025	Cloudsmith	United States	Series B	$23M	TCV [+6]
Feb 25, 2025	RETìníZE	United Kingdom	Seed	$1.64M	Qubis [+3]
Dec 18, 2024	Axial3D	United Kingdom	Series C	$18.2M	Ulster University [+3]

Get the detailed list of all investments by Techstart Ventures. Download now!

See more recent investments made by Techstart Ventures

1 of Techstart Ventures' portfolio company became public - Parsley Box. It got listed on the London Stock Exchange (LSE), in Mar 2021.

Here are Techstart Ventures' portfolio companies that went public:

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Parsley Box	Mar 31, 2021	Jan 19, 2021	Series B	$7.05M

View more details about public companies in Techstart Ventures' portfolio

12 companies from Techstart Ventures' portfolio have been acquired. The most recent acquisition were Cattle Eye in Apr 2024 by GEA Group.

Here are Techstart Ventures' portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Cattle Eye	Apr 08, 2024	Sep 14, 2021	Seed	$2.5M
Beacon	Feb 15, 2024	-	-	-
Biomage	Jan 16, 2024	-	-	-
Haru	Mar 14, 2023	Feb 08, 2019	Seed	$151K
Overwatch Research	Feb 24, 2022	Oct 19, 2021	Seed	$3.5M

View all acquired companies in Techstart Ventures' portfolio

Techstart Ventures has a team of 11 members including 3 Partners, 1 Venture Partner and 4 Principals located in United Kingdom. Techstart Ventures' team does not sit on the board of any company as of now.

Here is a list of top team members in Techstart Ventures:

Name	Designation	Location	Board Memberships	Contact details
Hal Wilson	Partner	Belfast	-	1 Email
Jamie Andrews	Partner	Belfast	-	-
Mark Hogarth	Partner	Edinburgh	-	1 Email
Julie Curran	Venture Partner	London	-	1 Email
Allen Martin	Principal	United Kingdom	Datactics	1 Email
Calum Forsyth	Principal	Edinburgh	-	1 Email
Robert Richmond	Principal	-	-	1 Email
Audrey Osborne	Principal	Belfast	-	2 Emails
Siobhan Clarke	Advisor	London	-	1 Email
Josh Corry	Analyst	Belfast	-	1 Email

Get the full list of Techstart Ventures' team & partners for free. Download now!

View team details of Techstart Ventures

Over the past 11 years, 347 investors have co-invested in Techstart Ventures's portfolio companies.

Invested before Techstart Ventures: Fast Track Malmo, Sputnik ATX and 27 others have invested in rounds before Techstart Ventures. There are 1 company where Fast Track Malmo has invested before Techstart Ventures and 1 company where Sputnik ATX has invested before Techstart Ventures.
Top Co-investors of Techstart Ventures: 160 investors entered a company along with Techstart Ventures. These include investors like Clarendon Fund Managers (7 companies).
Invested after Techstart Ventures: A total of 158 investors have invested in Techstart Ventures's portfolio after their investments. Top Investors include Clarendon Fund Managers (6 companies), Co-Fund NI (5 companies) and British Business Bank (3 companies).