Monthly report · Scotland

The State of Scottish Tech, July 2024

£25m across 5 funding rounds on ayeoh's record in July 2024, with the investors, sectors and cities behind them and the stories readers read.

£25mraised in July 2024 across 5 rounds

£24.2min June 2024, across 6 rounds

£140.7min 2024 to the end of July 2024, across 27 rounds

Month by month

Disclosed funding each month, January 2024 to July 2024: Jan £9m, Feb £10m, Mar £9.4m, Apr £53.7m, May £9.4m, Jun £24.2m, Jul £25m.

The biggest rounds

Aveni raises £11m

29 Jul 2024 · Series A · AI · Edinburgh · Scottish Business News · Aveni on ayeoh

Lario Therapeutics wins £4.7m grant

22 Jul 2024 · Grant · Life sciences · Edinburgh · BusinessCloud · Lario Therapeutics on ayeoh

Recast raises $5 million (£3.89m)

9 Jul 2024 · Fintech · Edinburgh · Scottish Business News · Recast on ayeoh

Wordsmith raises $5M (£3.89m)

3 Jul 2024 · Seed · AI · Edinburgh · LegalTechTalk · Wordsmith on ayeoh

Innova Nanojet Technologies wins £1.5m grant

16 Jul 2024 · Grant · Hardware · Vale of Leven · Scottish Financial News · Innova Nanojet Technologies on ayeoh

Sectors by money

AI£14.9m · 2 rounds

Life sciences£4.7m · 1 round

Fintech£3.9m · 1 round

Hardware£1.5m · 1 round

Cities by money

Edinburgh£23.5m · 4 rounds

Vale of Leven£1.5m · 1 round

Investors named in the most rounds

Lloyds Banking Group

1 round · £11m across those rounds, whole rounds, not its own share

Nationwide

1 round · £11m across those rounds, whole rounds, not its own share

Par Equity

1 round · £11m across those rounds, whole rounds, not its own share

Puma Private Equity

1 round · £11m across those rounds, whole rounds, not its own share

The Michael J. Fox Foundation for Parkinson's Research

1 round · £4.7m across those rounds, whole rounds, not its own share

Every round of July 2024: the month's funding report · the tracker, filtered to July 2024 · Scottish tech funding by city and sector, to July 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 July 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, July 2024, https://ayeoh.io/reports/2024-07.

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.