State of Scottish tech · to May 2026
Scottish tech funding by city and sector, to May 2026
Scottish tech companies have announced 121 funding rounds on ayeoh's record since January 2024, £629.4m in all, of which £98.2m across 11 rounds is confirmed by the companies or funders themselves. The newest round was announced 28 May 2026.
Download the league tables as CSV · every round, filterable · For journalists
10 other places with fewer than three rounds each add £32.3m across 10 rounds. 10 rounds have no place stored and sit in no city.
One line per city, ready to quote
EdinburghNo. 1 of 5
£246m50 rounds · £83.1m confirmed first-hand across 5 rounds
Edinburgh tech companies drew £246m across 50 rounds (4 undisclosed) from January 2024 to May 2026, the most of any Scottish place. The largest was Trogenix's £70m Series A round in November 2025. Life sciences was its busiest sector, with 12 rounds.
Largest round: Trogenix · Every Edinburgh round
Edinburgh tech companies drew £246m across 50 rounds (4 undisclosed) from January 2024 to May 2026, the most of any Scottish place. The largest was Trogenix's £70m Series A round in November 2025. Life sciences was its busiest sector, with 12 rounds. Source: ayeoh.io, Scottish tech funding by city and sector, https://ayeoh.io/reports/scottish-tech-funding/2026-05#edinburgh, data to 28 May 2026.
GlasgowNo. 2 of 5
£200.5m39 rounds · £4.5m confirmed first-hand across 3 rounds
Glasgow tech companies drew £200.5m across 39 rounds from January 2024 to May 2026, 32% of the Scottish total. The largest was BLK's £50m Growth round in March 2025. Life sciences was its busiest sector, with 8 rounds.
Largest round: BLK · Every Glasgow round
Glasgow tech companies drew £200.5m across 39 rounds from January 2024 to May 2026, 32% of the Scottish total. The largest was BLK's £50m Growth round in March 2025. 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/2026-05#glasgow, data to 28 May 2026.
StirlingNo. 3 of 5
£84m4 rounds · £3.4m confirmed first-hand across 1 round
Stirling tech companies drew £84m across 4 rounds from January 2024 to May 2026, 13% of the Scottish total. The largest was DL Mining's £67.5m Growth round in October 2025. Life sciences was its busiest sector, with 3 rounds.
Largest round: DL Mining · Every Stirling round
Stirling tech companies drew £84m across 4 rounds from January 2024 to May 2026, 13% of the Scottish total. The largest was DL Mining's £67.5m Growth round in October 2025. 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/2026-05#stirling, data to 28 May 2026.
AberdeenNo. 4 of 5
£13.3m5 rounds · £0 confirmed first-hand across 0 rounds
Aberdeen tech companies drew £13.3m across 5 rounds from January 2024 to May 2026, 2% 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 £13.3m across 5 rounds from January 2024 to May 2026, 2% 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/2026-05#aberdeen, data to 28 May 2026.
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 2026, 2% 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 2026, 2% 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/2026-05#dundee, data to 28 May 2026.
By year
2024£213.6m · 49 rounds
2025£373m · 49 rounds
2026£42.8m · 23 rounds
One line per sector
Life sciences drew £183.8m across 29 rounds, 29% of the Scottish total; Edinburgh led with £109m.
Software drew £78.4m across 15 rounds, 12% of the Scottish total; Glasgow led with £59.8m.
Energy drew £69.2m across 13 rounds, 11% of the Scottish total; Edinburgh led with £20.9m.
AI drew £67.6m across 11 rounds, 11% of the Scottish total; Edinburgh led with £53.3m.
Environment drew £49.2m across 7 rounds, 8% of the Scottish total; Glasgow led with £43.5m.
Space drew £27.3m across 10 rounds, 4% of the Scottish total; Edinburgh led with £10.5m.
Telecoms drew £22m across 3 rounds, 3% of the Scottish total; Inverness led with £10m.
Hardware drew £10.1m across 8 rounds, 2% of the Scottish total; Glasgow led with £7.5m.
Consumer drew £8.8m across 3 rounds, 1% of the Scottish total; Edinburgh led with £7.6m.
Quantum drew £8.6m across 5 rounds, 1% of the Scottish total; Glasgow led with £5m.
Fintech drew £4.9m across 3 rounds, 1% of the Scottish total; Edinburgh led with £3.9m.
Cybersecurity drew £4.6m across 3 rounds, 1% of the Scottish total; Edinburgh led with £2.2m.
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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.
