Monthly report · Scotland

The State of Scottish Tech, June 2024

£24.2m across 6 funding rounds on ayeoh's record in June 2024, with the investors, sectors and cities behind them and the stories readers read.

£24.2mraised in June 2024 across 6 rounds

£9.4min May 2024, across 4 rounds

£115.7min 2024 to the end of June 2024, across 22 rounds

Month by month

Disclosed funding each month, January 2024 to June 2024: Jan £9m, Feb £10m, Mar £9.4m, Apr £53.7m, May £9.4m, Jun £24.2m.

The biggest rounds

For EV raises £10m

12 Jun 2024 · Growth · Energy · Edinburgh · Silicon Canals · For EV on ayeoh

iGii raises £8.8m

18 Jun 2024 · Growth · Life sciences · Stirling · City AM · iGii on ayeoh

Sofant Technologies raises £3.4m

5 Jun 2024 · Growth · Space · Edinburgh · Scottish Enterprise · Sofant Technologies on ayeoh

BuildBuddy raises £1m

14 Jun 2024 · Seed · AI · Edinburgh · Scottish Construction Now · BuildBuddy on ayeoh

OGI Bio raises £650k

18 Jun 2024 · Seed · Life sciences · Edinburgh · Scottish Financial News · OGI Bio on ayeoh

Sectors by money

Energy£10m · 1 round

Life sciences£9.5m · 2 rounds

Space£3.7m · 2 rounds

AI£1m · 1 round

Cities by money

Edinburgh£15.4m · 5 rounds

Stirling£8.8m · 1 round

Investors named in the most rounds

Scottish National Investment Bank

2 rounds · £18.8m across those rounds, whole rounds, not its own share

Scottish Enterprise

2 rounds · £4.1m across those rounds, whole rounds, not its own share

Archangels

1 round · £8.8m across those rounds, whole rounds, not its own share

Par Equity

1 round · £8.8m across those rounds, whole rounds, not its own share

EMV Capital

1 round · £3.4m across those rounds, whole rounds, not its own share

Every round of June 2024: the month's funding report · the tracker, filtered to June 2024 · Scottish tech funding by city and sector, to June 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 June 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, June 2024, https://ayeoh.io/reports/2024-06.

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.