Monthly report · Scotland

The State of Scottish Tech, August 2024

£23.5m across 7 funding rounds on ayeoh's record in August 2024, with the investors, sectors and cities behind them and the stories readers read.

£23.5mraised in August 2024 across 7 rounds, 1 undisclosed

£25min July 2024, across 5 rounds

£164.2min 2024 to the end of August 2024, across 34 rounds

Month by month

Disclosed funding each month, January 2024 to August 2024: Jan £9m, Feb £10m, Mar £9.4m, Apr £53.7m, May £9.4m, Jun £24.2m, Jul £25m, Aug £23.5m.

The biggest rounds

Highland Broadband raises £10m

15 Aug 2024 · Growth · Telecoms · Inverness · Scottish Housing News · Highland Broadband on ayeoh

Shot Scope raises $8.5M (£6.56m)

2 Aug 2024 · Series B · Consumer · Edinburgh · Tech Funding News · Shot Scope on ayeoh

Symbiosis wins £4.3m grant

30 Aug 2024 · Grant · Life sciences · Stirling · The Herald · Symbiosis on ayeoh

Chromacity raises £1m

1 Aug 2024 · Growth · Quantum · Edinburgh · The Herald · Chromacity on ayeoh

HALO Invest gets £800k public support

29 Aug 2024 · Public support · Software · Glasgow · The Herald · HALO Invest on ayeoh

Sectors by money

Telecoms£10m · 1 round

Consumer£6.6m · 1 round

Life sciences£4.3m · 1 round

Software£1.6m · 2 rounds

Quantum£1m · 1 round

Cities by money

Inverness£10m · 1 round

Edinburgh£7.6m · 2 rounds

Stirling£4.3m · 1 round

Glasgow£1.6m · 2 rounds

Not statedUndisclosed · 1 round

Investors named in the most rounds

Scottish Enterprise

5 rounds · £13.5m across those rounds, whole rounds, not its own share

Scottish National Investment Bank

1 round · £10m across those rounds, whole rounds, not its own share

Equity Gap

1 round · £6.6m across those rounds, whole rounds, not its own share

Growthdeck

1 round · £6.6m across those rounds, whole rounds, not its own share

Guinness Ventures

1 round · £6.6m across those rounds, whole rounds, not its own share

Every round of August 2024: the month's funding report · the tracker, filtered to August 2024 · Scottish tech funding by city and sector, to August 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 August 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, August 2024, https://ayeoh.io/reports/2024-08.

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.