Monthly report · Scotland

The State of Scottish Tech, February 2026

£4.9m across 7 funding rounds on ayeoh's record in February 2026, with the investors, sectors and cities behind them and the stories readers read.

£4.9mraised in February 2026 across 7 rounds

£1.1min January 2026, across 3 rounds

£6min 2026 to the end of February 2026, across 10 rounds

Month by month

Disclosed funding each month, March 2025 to February 2026: Mar £64.9m, Apr £12.1m, May £18.5m, Jun £26.7m, Jul £5.5m, Aug £3.6m, Sep £3.6m, Oct £75.8m, Nov £75.6m, Dec £20.2m, Jan £1.1m, Feb £4.9m.

The biggest rounds

Quantcore raises £2.5m

25 Feb 2026 · Seed · Quantum · Glasgow · Scottish Enterprise · Quantcore on ayeoh

Carbogenics raises $3 million (£2.22m)

13 Feb 2026 · Growth · Environment · Edinburgh · Bioenergy Insight · Carbogenics on ayeoh

Trios Renewables wins £30k grant

24 Feb 2026 · Grant · Energy · Glasgow · The Herald

Clyde Space wins £30k grant

24 Feb 2026 · Grant · Space · Glasgow · The Herald · Clyde Space on ayeoh

Sensfish wins £30k grant

24 Feb 2026 · Grant · Space · Glasgow · The Herald · Sensfish on ayeoh

Sectors by money

Quantum£2.5m · 1 round

Environment£2.2m · 1 round

Space£120k · 4 rounds

Energy£30k · 1 round

Cities by money

Glasgow£2.7m · 6 rounds

Edinburgh£2.2m · 1 round

Investors named in the most rounds

Scottish Enterprise

7 rounds · £4.9m 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

STAC

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

Every round of February 2026: the month's funding report · the tracker, filtered to February 2026 · Scottish tech funding by city and sector, to February 2026 · 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 February 2026 (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, February 2026, https://ayeoh.io/reports/2026-02.

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.