Monthly report · Scotland

The State of Scottish Tech, May 2026

£7m across 3 funding rounds on ayeoh's record in May 2026, with the investors, sectors and cities behind them and the stories readers read.

£7mraised in May 2026 across 3 rounds

£16.8min April 2026, across 5 rounds

£42.8min 2026 to the end of May 2026, across 23 rounds

Month by month

Disclosed funding each month, June 2025 to May 2026: 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, Mar £13m, Apr £16.8m, May £7m.

The biggest rounds

Go Swag raises $5 million (£3.72m)

28 May 2026 · Growth · Software · Glasgow · DIGIT · Go Swag on ayeoh

Infrawatch raises $3 million (£2.23m)

20 May 2026 · Pre-seed · Cybersecurity · Edinburgh · DIGIT · Infrawatch on ayeoh

stampfree.ai raises £1.03m

20 May 2026 · Growth · Consumer · Edinburgh · DIGIT · stampfree.ai on ayeoh

Sectors by money

Software£3.7m · 1 round

Cybersecurity£2.2m · 1 round

Consumer£1m · 1 round

Cities by money

Glasgow£3.7m · 1 round

Edinburgh£3.3m · 2 rounds

Investors named in the most rounds

Mercia Ventures

1 round · £3.7m across those rounds, whole rounds, not its own share

Techstart Ventures

1 round · £3.7m across those rounds, whole rounds, not its own share

Outward VC

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

Portfolio Ventures

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

Triple Point Ventures

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

Every round of May 2026: the month's funding report · the tracker, filtered to May 2026 · Scottish tech funding by city and sector, to May 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 May 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, May 2026, https://ayeoh.io/reports/2026-05.

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.