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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 May 2024

Scottish tech funding by city and sector, to May 2024

Scottish tech companies have announced 16 funding rounds on ayeoh's record since January 2024, £91.5m in all, of which £1m across 1 round is confirmed by the companies or funders themselves. The newest round was announced 23 May 2024.

£91.5mreported across 16 rounds, 2 with no disclosed amount
£1mof it confirmed by the companies or funders themselves, across 1 round
Glasgowraised most: £41.9m across 6 rounds, 46% of the total

City league table

1. Glasgow£41.9m · 6 rounds
2. Edinburgh£29.7m · 6 rounds

3 other places with fewer than three rounds each add £3.3m across 3 rounds. 1 round have no place stored and sit in no city.

One line per city, ready to quote

GlasgowNo. 1 of 2

£41.9m6 rounds · £1m confirmed first-hand across 1 round

Glasgow tech companies drew £41.9m across 6 rounds from January 2024 to May 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 4 rounds.

Largest round: EnteroBiotix · Every Glasgow round

Glasgow tech companies drew £41.9m across 6 rounds from January 2024 to May 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 4 rounds. Source: ayeoh.io, Scottish tech funding by city and sector, https://ayeoh.io/reports/scottish-tech-funding/2024-05#glasgow, data to 23 May 2024.

EdinburghNo. 2 of 2

£29.7m6 rounds · £0 confirmed first-hand across 0 rounds

Edinburgh tech companies drew £29.7m across 6 rounds (1 undisclosed) from January 2024 to May 2024, 32% 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 £29.7m across 6 rounds (1 undisclosed) from January 2024 to May 2024, 32% 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/2024-05#edinburgh, data to 23 May 2024.

Sector league table

Life sciences£61.8m · 7 rounds
Software£3.8m · 3 rounds

By year

2024£91.5m · 16 rounds

One line per sector

Life sciences drew £61.8m across 7 rounds, 67% of the Scottish total; Glasgow led with £40.1m.

Software drew £3.8m across 3 rounds, 4% of the Scottish total; Aberdeen led with £3.1m.

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/2024-05, data to 23 May 2024.

Stable address. https://ayeoh.io/reports/scottish-tech-funding/2024-05; each city has its own anchor, for example #glasgow.

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.