Monthly report · Scotland

The State of Scottish Tech, March 2025

£64.9m across 6 funding rounds on ayeoh's record in March 2025, with the investors, sectors and cities behind them and the stories readers read.

£64.9mraised in March 2025 across 6 rounds

£44.6min February 2025, across 3 rounds

£131.6min 2025 to the end of March 2025, across 11 rounds

Month by month

Disclosed funding each month, April 2024 to March 2025: 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, Feb £44.6m, Mar £64.9m.

The biggest rounds

BLK raises £50m

12 Mar 2025 · Growth · Software · Glasgow · Insider · BLK on ayeoh

Aveni raises £11m

19 Mar 2025 · Series A · AI · Edinburgh · scommerce · Aveni on ayeoh

uFraction8 raises £3.4m

3 Mar 2025 · Series A · Life sciences · Stirling · Scottish Enterprise · uFraction8 on ayeoh

UNA Watch raises £300k

10 Mar 2025 · Pre-seed · Hardware · Edinburgh · BusinessCloud · UNA Watch on ayeoh

BioMara raises $150,000 (£116k)

10 Mar 2025 · Seed · Life sciences · Edinburgh · Campfire · BioMara on ayeoh

Sectors by money

Software£50m · 1 round

AI£11m · 1 round

Life sciences£3.6m · 3 rounds

Hardware£300k · 1 round

Cities by money

Glasgow£50m · 1 round

Edinburgh£11.4m · 3 rounds

Stirling£3.4m · 1 round

Not stated£50k · 1 round

Investors named in the most rounds

Scottish Enterprise

2 rounds · £14.4m across those rounds, whole rounds, not its own share

Nimbus Capital

1 round · £50m across those rounds, whole rounds, not its own share

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

Every round of March 2025: the month's funding report · the tracker, filtered to March 2025 · Scottish tech funding by city and sector, to March 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 March 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, March 2025, https://ayeoh.io/reports/2025-03.

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.