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“SaxaVord Spaceport’s £60m has given Scottish space more in October alone than in all of 2025, on our record.”

The lion rampant
State of Scottish tech · to March 2024

Scottish tech funding by city and sector, to March 2024

Scottish tech companies have announced 8 funding rounds on ayeoh's record since January 2024, £28.5m in all. The newest round was announced 18 Mar 2024.

£28.5mreported across 8 rounds, 1 with no disclosed amount
£0of it confirmed by the companies or funders themselves, across 0 rounds
Edinburghraised most: £23.7m across 4 rounds, 83% of the total

City league table

1. Edinburgh£23.7m · 4 rounds

3 other places with fewer than three rounds each add £4.8m across 4 rounds.

One line per city, ready to quote

EdinburghNo. 1 of 1

£23.7m4 rounds · £0 confirmed first-hand across 0 rounds

Edinburgh tech companies drew £23.7m across 4 rounds from January 2024 to March 2024, the most of any Scottish place. The largest was Cumulus Oncology's £9m Seed round in January 2024. Life sciences was its busiest sector, with 3 rounds.

Largest round: Cumulus Oncology · Every Edinburgh round

Edinburgh tech companies drew £23.7m across 4 rounds from January 2024 to March 2024, the most of any Scottish place. The largest was Cumulus Oncology's £9m Seed round in January 2024. Life sciences was its busiest sector, with 3 rounds. Source: ayeoh.io, Scottish tech funding by city and sector, https://ayeoh.io/reports/scottish-tech-funding/2024-03#edinburgh, data to 18 Mar 2024.

Sector league table

Life sciences£22.6m · 4 rounds

By year

2024£28.5m · 8 rounds

One line per sector

Life sciences drew £22.6m across 4 rounds, 80% of the Scottish total; Edinburgh led with £21.7m.

Cite this

Cite the report. One tap selects the line:

Source: ayeoh.io, Scottish tech funding by city and sector, https://ayeoh.io/reports/scottish-tech-funding/2024-03, data to 18 Mar 2024.

Stable address. https://ayeoh.io/reports/scottish-tech-funding/2024-03; each city has its own anchor, for example #edinburgh.

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.

Month by month: the report as it stood at each month's end

Today's Scottish tech news on the front page

How it is counted. Every figure is a sum of the funding rounds ayeoh has recorded from published reports and public registers, dated by announcement. “Reported” adds every listed round's stored pounds; “confirmed” adds only rounds with a Scottish place stored and a first-hand source (the company's, investor's or funder's own page), the rule the tracker and the front page follow. A round with no disclosed amount is counted and not added. A city is the region a round counts under; a place with fewer than three rounds is summed under “other places”. The sentences are templates filled from these rows; no model wrote them. The record holds the rounds that were reported, so a city's total can rise when an earlier round is found.