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The lion rampant
Funding · 2024

Scottish tech funding 2024

Scottish tech funding in 2024: £213.6m across 49 rounds on ayeoh's record. 3 rounds have no disclosed amount and are counted, never added. The largest: EnteroBiotix raises £27m, April 2024. 83 investors and funders are named in them.

£213.6mdisclosed
49rounds
83investors and funders named

Every round, newest first

Workpro raises £500k

18 Dec 2024 · Growth · Edinburgh · Insider · Computer Application Services (Workpro) on ayeoh · the report

Keltic Pharma Therapeutics wins £350k grant

17 Dec 2024 · Grant · Glasgow · The Herald · the report

Concinnity Genetics raises $3M+ (£2.37m)

17 Dec 2024 · Seed · Edinburgh · VentureBANC · Concinnity Genetics on ayeoh · the report

Senguard wins £75k grant

6 Dec 2024 · Grant · Glasgow · The Herald · Senguard on ayeoh · the report

Quantcore raises £2.5m

3 Dec 2024 · Seed · Glasgow · STAC · Quantcore on ayeoh · the report

Sulmara raises £15m

3 Dec 2024 · Growth · Glasgow · DIGIT · Sulmara on ayeoh · the report

Biotangents raises £2.3m

28 Nov 2024 · Growth · Penicuik · Insider · Biotangents on ayeoh · the report

Launchpad Build wins £2m grant

25 Nov 2024 · Grant · Edinburgh · Insider · Launchpad Build on ayeoh · the report

Corporate Modelling Services raises £750k

7 Oct 2024 · Growth · Glasgow · Scottish Financial News · Corporate Modelling Services on ayeoh · the report

Leap AI raises £7.9m

24 Sep 2024 · Growth · Aberdeen · Aberdeenbusinessnews · Leap Automation (Leap AI) on ayeoh · the report

Invizius raises £950k

23 Sep 2024 · Growth · Edinburgh · Scottish Financial News · Invizius on ayeoh · the report

PropEco raises £275k

12 Sep 2024 · Seed · Glasgow · Insider · PropEco on ayeoh · the report

SOLASTA Bio raises $14 million (£10.61m)

11 Sep 2024 · Series A · Glasgow · DIGIT · SOLASTA Bio on ayeoh · the report

Administrate raises £3.05m

5 Sep 2024 · Growth · Edinburgh · DIGIT · Administrate on ayeoh · the report

Metacarpal raises £800k

2 Sep 2024 · Seed · Edinburgh · Campfire · Metacarpal on ayeoh · the report

Symbiosis wins £4.3m grant

30 Aug 2024 · Grant · Stirling · The Herald · Symbiosis on ayeoh · the report

Halo Technologies gets £800k public support

29 Aug 2024 · Public support · Glasgow · FinTech Global · Halo Technologies on ayeoh · the report

HALO Invest gets £800k public support

29 Aug 2024 · Public support · Glasgow · The Herald · HALO Invest on ayeoh · the report

Space Intelligence raises an undisclosed sum

26 Aug 2024 · Series A · Not stated · Satellite Today · Space Intelligence on ayeoh

Highland Broadband raises £10m

15 Aug 2024 · Growth · Inverness · Scottish Housing News · Highland Broadband on ayeoh · the report

Shot Scope raises $8.5M (£6.56m)

2 Aug 2024 · Series B · Edinburgh · Tech Funding News · Shot Scope on ayeoh · the report

Chromacity raises £1m

1 Aug 2024 · Growth · Edinburgh · The Herald · Chromacity on ayeoh · the report

Aveni raises £11m

29 Jul 2024 · Series A · Edinburgh · Scottish Business News · Aveni on ayeoh · the report

Lario Therapeutics wins £4.7m grant

22 Jul 2024 · Grant · Edinburgh · BusinessCloud · Lario Therapeutics on ayeoh · the report

Innova Nanojet Technologies wins £1.5m grant

16 Jul 2024 · Grant · Vale of Leven · Scottish Financial News · Innova Nanojet Technologies on ayeoh · the report

Recast raises $5 million (£3.89m)

9 Jul 2024 · Edinburgh · Scottish Business News · Recast on ayeoh · the report

Wordsmith raises $5M (£3.89m)

3 Jul 2024 · Seed · Edinburgh · LegalTechTalk · Wordsmith on ayeoh · the report

OGI Bio raises £650k

18 Jun 2024 · Seed · Edinburgh · Scottish Financial News · OGI Bio on ayeoh · the report

iGii raises £8.8m

18 Jun 2024 · Growth · Stirling · City AM · iGii on ayeoh · the report

BuildBuddy raises £1m

14 Jun 2024 · Seed · Edinburgh · Scottish Construction Now · BuildBuddy on ayeoh · the report

For EV raises £10m

12 Jun 2024 · Growth · Edinburgh · Silicon Canals · For EV on ayeoh · the report

Sofant Technologies raises £3.4m

5 Jun 2024 · Growth · Edinburgh · Scottish Enterprise · Sofant Technologies on ayeoh · the report

Aurora Avionics raises £320k

3 Jun 2024 · Seed · Edinburgh · DIGIT · Aurora Avionics on ayeoh · the report

Heero Technologies raises £230k

23 May 2024 · Debt · Dundee · Scottish Business News · Heero Technologies on ayeoh · the report

Malted AI raises £6m

16 May 2024 · Seed · Edinburgh · DIGIT · Malted AI on ayeoh · the report

Nami Surgical raises $4M (£3.16m)

10 May 2024 · Seed · Glasgow · Tech Funding News · Nami Surgical on ayeoh · the report

2i Testing raises an undisclosed sum

7 May 2024 · Growth · Edinburgh · Scottish Financial News · 2i Testing on ayeoh

Orbex raises £16.7m

19 Apr 2024 · Series C · Not stated · FutureScot · Orbex on ayeoh · the report

Phlo raises £9m

17 Apr 2024 · Growth · Glasgow · Insider · Phlo on ayeoh · the report

Clyde Hydrogen raises £1m

15 Apr 2024 · Pre-seed · Glasgow · University of Glasgow · Clyde Hydrogen on ayeoh · the report

EnteroBiotix raises £27m

4 Apr 2024 · Growth · Glasgow · Startupmag · EnteroBiotix on ayeoh · the report

Staffscanner wins £960k grant

18 Mar 2024 · Grant · Glasgow · Scottish Financial Review · Staffscanner on ayeoh · the report

Wobble Genomics raises €9.9 million (£8.46m)

7 Mar 2024 · Series A · Edinburgh · EU-Startups · Wobble Genomics on ayeoh · the report

ITZA raises £2m

28 Feb 2024 · Seed · Edinburgh · Insider · ITZA on ayeoh · the report

Xergy raises £3.1m

19 Feb 2024 · Series A · Aberdeen · Aberdeenbusinessnews · Xergy on ayeoh · the report

Aurum Biosciences raises £730k

8 Feb 2024 · Seed · Glasgow · Bioscience Today · Aurum Biosciences on ayeoh · the report

Carcinotech raises £4.2m

2 Feb 2024 · Growth · Edinburgh · Pharmaceutical Technology · Carcinotech on ayeoh · the report

Cumulus Oncology raises £9m

8 Jan 2024 · Seed · Edinburgh · The Herald · Cumulus Oncology on ayeoh · the report

Kick ICT raises an undisclosed sum

5 Jan 2024 · Growth · Bellshill · The Herald · Kick ICT on ayeoh

These rounds add up to £213.6m disclosed, with 3 rounds undisclosed.

By place

Edinburgh£85.8m · 23 rounds
Glasgow£73m · 15 rounds
Not stated£16.7m · 2 rounds
Stirling£13.1m · 2 rounds
Aberdeen£11m · 2 rounds
Inverness£10m · 1 round
Penicuik£2.3m · 1 round
Vale of Leven£1.5m · 1 round
Dundee£230k · 1 round
Bellshillundisclosed · 1 round

Investors and funders named in their rounds

Eos Advisory

4 rounds

SIS Ventures

4 rounds

BGF

3 rounds

Par Equity

3 rounds

Innovate UK

2 rounds

private investors

2 rounds

Thairm Bio

2 rounds

Questions the record answers

How much did Scottish tech companies raise in 2024?
£213.6m across 49 rounds in 2024, summed from the disclosed amounts on ayeoh's record (3 rounds without an amount).
What was the largest Scottish tech funding round of 2024?
EnteroBiotix raises £27m (growth).
Which investors backed Scottish tech companies most in 2024?
Named most often: Scottish Enterprise (23 rounds), Scottish National Investment Bank (7 rounds) and Old College Capital (5 rounds).
Where in Scotland did the money go in 2024?
Edinburgh £85.8m (23 rounds), Glasgow £73m (15 rounds) and Not stated £16.7m (2 rounds).

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