Monthly report · Scotland

The State of Scottish Tech, January 2025

£22.2m across 2 funding rounds on ayeoh's record in January 2025, with the investors, sectors and cities behind them and the stories readers read.

£22.2mraised in January 2025 across 2 rounds

£20.8min December 2024, across 6 rounds

£22.2min 2025 to the end of January 2025, across 2 rounds

Month by month

Disclosed funding each month, February 2024 to January 2025: 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, Jan £22.2m.

The biggest rounds

XLCC raises £20m

15 Jan 2025 · Growth · Energy · Not stated · Scottish Financial News · XLCC on ayeoh

Scotmas raises £2.2m

16 Jan 2025 · Growth · Environment · Kelso · H2O Global News · Scotmas on ayeoh

Sectors by money

Energy£20m · 1 round

Environment£2.2m · 1 round

Cities by money

Not stated£20m · 1 round

Kelso£2.2m · 1 round

Investors named in the most rounds

Scottish National Investment Bank

1 round · £20m across those rounds, whole rounds, not its own share

British Business Bank

1 round · £2.2m across those rounds, whole rounds, not its own share

Investment Fund for Scotland

1 round · £2.2m across those rounds, whole rounds, not its own share

Maven Capital Partners

1 round · £2.2m across those rounds, whole rounds, not its own share

Scottish Enterprise

1 round · £2.2m across those rounds, whole rounds, not its own share

Every round of January 2025: the month's funding report · the tracker, filtered to January 2025 · Scottish tech funding by city and sector, to January 2025 · 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 January 2025 (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, January 2025, https://ayeoh.io/reports/2025-01.

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.