Monthly report · Scotland

The State of Scottish Tech, September 2025

£3.6m across 3 funding rounds on ayeoh's record in September 2025, with the investors, sectors and cities behind them and the stories readers read.

£3.6mraised in September 2025 across 3 rounds, 1 undisclosed

£3.6min August 2025, across 2 rounds

£201.5min 2025 to the end of September 2025, across 37 rounds

Month by month

Disclosed funding each month, October 2024 to September 2025: Oct £750k, Nov £4.3m, Dec £20.8m, Jan £22.2m, Feb £44.6m, Mar £64.9m, Apr £12.1m, May £18.5m, Jun £26.7m, Jul £5.5m, Aug £3.6m, Sep £3.6m.

The biggest rounds

Willo raises £3m

29 Sep 2025 · Growth · Software · Glasgow · Insider · Willo on ayeoh

SeaWarm raises £550k

30 Sep 2025 · Seed · Energy · Edinburgh · Insider

Sectors by money

Software£3m · 1 round

Energy£550k · 1 round

QuantumUndisclosed · 1 round

Cities by money

Glasgow£3m · 1 round

Edinburgh£550k · 2 rounds

Investors named in the most rounds

Scottish Enterprise

2 rounds · £550k across those rounds, whole rounds, not its own share

Peter Bauer

1 round · £3m across those rounds, whole rounds, not its own share

Equity Gap

1 round · £550k across those rounds, whole rounds, not its own share

Old College Capital

1 round · £550k across those rounds, whole rounds, not its own share

Par Equity

1 round

Every round of September 2025: the month's funding report · the tracker, filtered to September 2025 · Scottish tech funding by city and sector, to September 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 September 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, September 2025, https://ayeoh.io/reports/2025-09.

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.