Monthly report · Scotland

The State of Scottish Tech, December 2024

£20.8m across 6 funding rounds on ayeoh's record in December 2024, with the investors, sectors and cities behind them and the stories readers read.

£20.8mraised in December 2024 across 6 rounds

£4.3min November 2024, across 2 rounds

£213.6min 2024 to the end of December 2024, across 49 rounds

Month by month

Disclosed funding each month, January 2024 to December 2024: Jan £9m, Feb £10m, Mar £9.4m, Apr £53.7m, May £9.4m, Jun £24.2m, Jul £25m, Aug £23.5m, Sep £23.6m, Oct £750k, Nov £4.3m, Dec £20.8m.

The biggest rounds

Sulmara raises £15m

3 Dec 2024 · Growth · Energy · Glasgow · DIGIT · Sulmara on ayeoh

Quantcore raises £2.5m

3 Dec 2024 · Seed · Quantum · Glasgow · STAC · Quantcore on ayeoh

Concinnity Genetics raises $3M+ (£2.37m)

17 Dec 2024 · Seed · Life sciences · Edinburgh · VentureBANC · Concinnity Genetics on ayeoh

Workpro raises £500k

18 Dec 2024 · Growth · Software · Edinburgh · Insider · Computer Application Services (Workpro) on ayeoh

Keltic Pharma Therapeutics wins £350k grant

17 Dec 2024 · Grant · Life sciences · Glasgow · The Herald

Sectors by money

Energy£15m · 1 round

Life sciences£2.7m · 2 rounds

Quantum£2.5m · 1 round

Software£500k · 1 round

Cybersecurity£75k · 1 round

Cities by money

Glasgow£17.9m · 4 rounds

Edinburgh£2.9m · 2 rounds

Investors named in the most rounds

Scottish Enterprise

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

BGF

1 round · £15m across those rounds, whole rounds, not its own share

Blackfinch Ventures

1 round · £2.5m across those rounds, whole rounds, not its own share

PXN Ventures

1 round · £2.5m across those rounds, whole rounds, not its own share

Quantum Exponential

1 round · £2.5m across those rounds, whole rounds, not its own share

Every round of December 2024: the month's funding report · the tracker, filtered to December 2024 · Scottish tech funding by city and sector, to December 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 December 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, December 2024, https://ayeoh.io/reports/2024-12.

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.