State of Scottish tech · to April 2024
Scottish tech funding by city and sector, to April 2024
Scottish tech companies have announced 12 funding rounds on ayeoh's record since January 2024, £82.2m in all, of which £1m across 1 round is confirmed by the companies or funders themselves. The newest round was announced 19 Apr 2024.
Download the league tables as CSV · every round, filterable · For journalists
2 other places with fewer than three rounds each add £3.1m across 2 rounds. 1 round have no place stored and sit in no city.
One line per city, ready to quote
GlasgowNo. 1 of 2
£38.7m5 rounds · £1m confirmed first-hand across 1 round
Glasgow tech companies drew £38.7m across 5 rounds from January 2024 to April 2024, the most of any Scottish place. The largest was EnteroBiotix's £27m Growth round in April 2024. Life sciences was its busiest sector, with 3 rounds.
Largest round: EnteroBiotix · Every Glasgow round
Glasgow tech companies drew £38.7m across 5 rounds from January 2024 to April 2024, the most of any Scottish place. The largest was EnteroBiotix's £27m Growth round in April 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/2024-04#glasgow, data to 19 Apr 2024.
EdinburghNo. 2 of 2
£23.7m4 rounds · £0 confirmed first-hand across 0 rounds
Edinburgh tech companies drew £23.7m across 4 rounds from January 2024 to April 2024, 29% of the Scottish total. 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 April 2024, 29% of the Scottish total. 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/2024-04#edinburgh, data to 19 Apr 2024.
By year
2024£82.2m · 12 rounds
One line per sector
Life sciences drew £58.6m across 6 rounds, 71% of the Scottish total; Glasgow led with £37m.
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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.