State of Scottish tech · to February 2025
Scottish tech funding by city and sector, to February 2025
Scottish tech companies have announced 54 funding rounds on ayeoh's record since January 2024, £280.4m in all, of which £4.4m across 2 rounds is confirmed by the companies or funders themselves. The newest round was announced 24 Feb 2025.
Download the league tables as CSV · every round, filterable · For journalists
7 other places with fewer than three rounds each add £29.3m across 8 rounds. 3 rounds have no place stored and sit in no city.
One line per city, ready to quote
GlasgowNo. 1 of 3
£117.5m17 rounds · £1m confirmed first-hand across 1 round
Glasgow tech companies drew £117.5m across 17 rounds from January 2024 to February 2025, the most of any Scottish place. The largest was Pulpex's £43.5m Growth round in February 2025. Life sciences was its busiest sector, with 6 rounds.
Largest round: Pulpex · Every Glasgow round
Glasgow tech companies drew £117.5m across 17 rounds from January 2024 to February 2025, the most of any Scottish place. The largest was Pulpex's £43.5m Growth round in February 2025. Life sciences was its busiest sector, with 6 rounds. Source: ayeoh.io, Scottish tech funding by city and sector, https://ayeoh.io/reports/scottish-tech-funding/2025-02#glasgow, data to 24 Feb 2025.
EdinburghNo. 2 of 3
£85.8m23 rounds · £3.4m confirmed first-hand across 1 round
Edinburgh tech companies drew £85.8m across 23 rounds (1 undisclosed) from January 2024 to February 2025, 31% of the Scottish total. The largest was Aveni's £11m Series A round in July 2024. Life sciences was its busiest sector, with 8 rounds.
Largest round: Aveni · Every Edinburgh round
Edinburgh tech companies drew £85.8m across 23 rounds (1 undisclosed) from January 2024 to February 2025, 31% of the Scottish total. The largest was Aveni's £11m Series A round in July 2024. Life sciences was its busiest sector, with 8 rounds. Source: ayeoh.io, Scottish tech funding by city and sector, https://ayeoh.io/reports/scottish-tech-funding/2025-02#edinburgh, data to 24 Feb 2025.
AberdeenNo. 3 of 3
£11.1m3 rounds · £0 confirmed first-hand across 0 rounds
Aberdeen tech companies drew £11.1m across 3 rounds from January 2024 to February 2025, 4% of the Scottish total. The largest was Leap Automation (Leap AI)'s £7.9m Growth round in September 2024. AI was its busiest sector, with 1 round.
Largest round: Leap Automation (Leap AI) · Every Aberdeen round
Aberdeen tech companies drew £11.1m across 3 rounds from January 2024 to February 2025, 4% of the Scottish total. The largest was Leap Automation (Leap AI)'s £7.9m Growth round in September 2024. AI was its busiest sector, with 1 round. Source: ayeoh.io, Scottish tech funding by city and sector, https://ayeoh.io/reports/scottish-tech-funding/2025-02#aberdeen, data to 24 Feb 2025.
By year
2024£213.6m · 49 rounds
2025£66.8m · 5 rounds
One line per sector
Life sciences drew £97.6m across 17 rounds, 35% of the Scottish total; Glasgow led with £51.1m.
Energy drew £46.2m across 5 rounds, 16% of the Scottish total; Glasgow led with £16m.
Environment drew £45.8m across 3 rounds, 16% of the Scottish total; Glasgow led with £43.5m.
AI drew £29.8m across 5 rounds, 11% of the Scottish total; Edinburgh led with £21.9m.
Space drew £20.4m across 4 rounds, 7% of the Scottish total; Edinburgh led with £3.7m.
Software drew £6.7m across 7 rounds, 2% of the Scottish total; Aberdeen led with £3.1m.
Scottish tech in one email,
every Monday.
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.
