State of Scottish tech · to May 2025
Scottish tech funding by city and sector, to May 2025
Scottish tech companies have announced 71 funding rounds on ayeoh's record since January 2024, £375.7m in all, of which £8.3m across 4 rounds is confirmed by the companies or funders themselves. The newest round was announced 27 May 2025.
Download the league tables as CSV · every round, filterable · For journalists
7 other places with fewer than three rounds each add £22.5m across 7 rounds. 6 rounds have no place stored and sit in no city.
One line per city, ready to quote
GlasgowNo. 1 of 5
£173.7m19 rounds · £1m confirmed first-hand across 1 round
Glasgow tech companies drew £173.7m across 19 rounds from January 2024 to May 2025, the most of any Scottish place. The largest was BLK's £50m Growth round in March 2025. Life sciences was its busiest sector, with 6 rounds.
Largest round: BLK · Every Glasgow round
Glasgow tech companies drew £173.7m across 19 rounds from January 2024 to May 2025, the most of any Scottish place. The largest was BLK's £50m Growth round in March 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/2025-05#glasgow, data to 27 May 2025.
EdinburghNo. 2 of 5
£98.4m29 rounds · £3.9m confirmed first-hand across 2 rounds
Edinburgh tech companies drew £98.4m across 29 rounds (2 undisclosed) from January 2024 to May 2025, 26% of the Scottish total. The largest was Aveni's £11m Series A round in March 2025. Life sciences was its busiest sector, with 9 rounds.
Largest round: Aveni · Every Edinburgh round
Edinburgh tech companies drew £98.4m across 29 rounds (2 undisclosed) from January 2024 to May 2025, 26% of the Scottish total. The largest was Aveni's £11m Series A round in March 2025. Life sciences was its busiest sector, with 9 rounds. Source: ayeoh.io, Scottish tech funding by city and sector, https://ayeoh.io/reports/scottish-tech-funding/2025-05#edinburgh, data to 27 May 2025.
StirlingNo. 3 of 5
£16.5m3 rounds · £3.4m confirmed first-hand across 1 round
Stirling tech companies drew £16.5m across 3 rounds from January 2024 to May 2025, 4% of the Scottish total. The largest was iGii's £8.8m Growth round in June 2024. Life sciences was its busiest sector, with 3 rounds.
Largest round: iGii · Every Stirling round
Stirling tech companies drew £16.5m across 3 rounds from January 2024 to May 2025, 4% of the Scottish total. The largest was iGii's £8.8m Growth round in June 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/2025-05#stirling, data to 27 May 2025.
AberdeenNo. 4 of 5
£12.8m4 rounds · £0 confirmed first-hand across 0 rounds
Aberdeen tech companies drew £12.8m across 4 rounds from January 2024 to May 2025, 3% 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 £12.8m across 4 rounds from January 2024 to May 2025, 3% 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/2025-05#aberdeen, data to 27 May 2025.
DundeeNo. 5 of 5
£11.7m3 rounds · £0 confirmed first-hand across 0 rounds
Dundee tech companies drew £11.7m across 3 rounds from January 2024 to May 2025, 3% of the Scottish total. The largest was Ace Aquatec's £10m Growth round in May 2025. Energy was its busiest sector, with 2 rounds.
Largest round: Ace Aquatec · Every Dundee round
Dundee tech companies drew £11.7m across 3 rounds from January 2024 to May 2025, 3% of the Scottish total. The largest was Ace Aquatec's £10m Growth round in May 2025. Energy was its busiest sector, with 2 rounds. Source: ayeoh.io, Scottish tech funding by city and sector, https://ayeoh.io/reports/scottish-tech-funding/2025-05#dundee, data to 27 May 2025.
By year
2024£213.6m · 49 rounds
2025£162.2m · 22 rounds
One line per sector
Life sciences drew £104m across 22 rounds, 28% of the Scottish total; Glasgow led with £51.1m.
Software drew £57.2m across 9 rounds, 15% of the Scottish total; Glasgow led with £53.1m.
Energy drew £47.7m across 6 rounds, 13% of the Scottish total; Glasgow led with £16m.
Environment drew £45.8m across 4 rounds, 12% of the Scottish total; Glasgow led with £43.5m.
AI drew £40.8m across 6 rounds, 11% of the Scottish total; Edinburgh led with £32.9m.
Space drew £20.9m across 5 rounds, 6% of the Scottish total; Edinburgh led with £4.2m.
Hardware drew £8.8m across 4 rounds, 2% of the Scottish total; Glasgow led with £6.2m.
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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.
