Monthly report · Scotland

The State of Scottish Tech, February 2024

£10m across 4 funding rounds on ayeoh's record in February 2024, with the investors, sectors and cities behind them and the stories readers read.

£10mraised in February 2024 across 4 rounds

£9min January 2024, across 2 rounds

£19min 2024 to the end of February 2024, across 6 rounds

Month by month

Disclosed funding each month, January 2024 to February 2024: Jan £9m, Feb £10m.

The biggest rounds

Carcinotech raises £4.2m

2 Feb 2024 · Growth · Life sciences · Edinburgh · Pharmaceutical Technology · Carcinotech on ayeoh

Xergy raises £3.1m

19 Feb 2024 · Series A · Software · Aberdeen · Aberdeenbusinessnews · Xergy on ayeoh

ITZA raises £2m

28 Feb 2024 · Seed · Edtech · Edinburgh · Insider · ITZA on ayeoh

Aurum Biosciences raises £730k

8 Feb 2024 · Seed · Software · Glasgow · Bioscience Today · Aurum Biosciences on ayeoh

Sectors by money

Life sciences£4.2m · 1 round

Software£3.8m · 2 rounds

Edtech£2m · 1 round

Cities by money

Edinburgh£6.2m · 2 rounds

Aberdeen£3.1m · 1 round

Glasgow£730k · 1 round

Investors named in the most rounds

Scottish Enterprise

3 rounds · £6.9m across those rounds, whole rounds, not its own share

TRICAPITAL Angels

2 rounds · £4.9m across those rounds, whole rounds, not its own share

Eos Advisory

1 round · £4.2m across those rounds, whole rounds, not its own share

Investing Women Angels

1 round · £4.2m across those rounds, whole rounds, not its own share

Maven Capital Partners

1 round · £4.2m across those rounds, whole rounds, not its own share

Every round of February 2024: the month's funding report · the tracker, filtered to February 2024 · Scottish tech funding by city and sector, to February 2024 · For journalists

Today's Scottish tech news on the front page

How this is made. Every figure is computed from ayeoh's record: the funding rounds and grants announced in February 2024 (UK time), summed on their stored pounds, a round with no disclosed amount counted and not added; investors by the rounds they are named in, the money the whole rounds'; hiring, closures and acquisitions as the record holds them, each linked to its source; and the stories by clicks through from ayeoh to the outlet, a count with nothing about the reader.

Cite as. ayeoh, The State of Scottish Tech, February 2024, https://ayeoh.io/reports/2024-02.

Licence. The funding data and figures are licensed under Creative Commons Attribution 4.0 International: reuse them freely, commercially too, crediting "ayeoh.io" with a link to https://ayeoh.io. CC BY 4.0.