Scottish Enterprise

Scottish Enterprise is Scotland's primary economic development agency, operating as a non-departmental public body of the Scottish Government. Its mission is to foster economic growth by supporting the development of innovative, high-wage industries with a strong international presence. The organization plays a crucial role in assisting small and medium-sized enterprises (SMEs) in securing financing, helping them engage with funders and access the necessary capital for expansion. Scottish Enterprise invests through its arm, the Scottish Investment Bank, which focuses on various sectors, including renewable energy, life sciences, and creative industries. The firm engages in both direct and fund-of-fund investing, typically providing financial support in the form of equity or loans ranging from £0.01 million to £10 million. Additionally, it collaborates with public and private sectors and works alongside UK and international investors to enhance the funding landscape for Scottish businesses. Through these initiatives, Scottish Enterprise aims to create a sustainable economic impact and strengthen the funding market within Scotland.

Reuben Aitken

Managing Director, International Operations

Rhona Allison

Managing Director, Business Growth

Mark Hallan

Global Director, Strategic Relationships

Linda Hanna

Managing Director

Jane Martin

Managing Director of Innovation and Investment

Jim McFarlane

Managing Director of Operations

Charlie Smith

Managing Director of Scottish Development International and Group Head of Strategy and Technology

552 past transactions

IbisVision

Venture Round in 2023
IbisVision Limited specializes in developing a visual field test software application aimed at the early detection of glaucoma, a leading cause of blindness worldwide. The company's primary product, Ring of Sight (ROS), is a cloud-based solution that enables healthcare professionals to conduct eye tests efficiently. Utilizing patented technology, ROS integrates various eye tests into a single device, offering both Full Threshold and Suprathreshold tests. It is designed for remote and in-practice use, allowing optometrists to deliver high-quality eye care while optimizing their investment. The application operates within a Windows environment and ensures that all patient data is securely stored on encrypted servers to uphold privacy and security. Founded in 2013 and headquartered in Livingston, United Kingdom, IbisVision is committed to advancing eye care through innovative technology.

Liftango

Venture Round in 2023
Shared Transport. Reinvented. Liftango powers some of the most successful on-demand shared transport systems across the world. By guiding global organisations on how to plan, launch and scale their shared mobility programs, we help provide a path to a sustainable and climate-positive future.

Solasta Bio

Grant in 2023
Solasta Bio develops environment-friendly products that meet a global need for new and effective crop protection.

Solasta Bio

Seed Round in 2023
Solasta Bio develops environment-friendly products that meet a global need for new and effective crop protection.

Smart Green Shipping

Venture Round in 2023
Smart Green Shipping specializes in creating innovative, digitally enabled wind-powered solutions for the maritime industry. The company has developed data-driven wing sails that optimize merchant shipping routes through advanced software. By utilizing meteorological and satellite data, Smart Green Shipping's system projects annual fuel savings for shipping companies, whether they retrofit existing vessels or incorporate the technology into new builds. This approach not only promotes the adoption of wind assist technologies but also aims to enhance operational efficiency and reduce fuel consumption in shipping operations.

Dxcover

Series A in 2023
It is our mission to be a world leader in liquid biopsy and artificial intelligence for early detection of cancers and other diseases to improve survival and quality of life. Dxcover are an award-winning team, dedicated to developing liquid biopsies for early detection of cancer and other diseases. A University of Strathclyde spinout in 2019 under the name ClinSpec Diagnostics, and rebranded as Dxcover Limited in 2021. To date, Dxcover have secured £5.1m of funding, and have successfully completed two ground-breaking clinical studies on detection of brain cancer and are currently developing our platform for the detection of commonly occurring cancers.

Mage Control Systems

Grant in 2023
Mage Control Systems is a design company that provides embedded electronic control systems for a range of industries. They can take the ideas and requirements from concept to reality, from blue sky design to increased manufacturing. Their assessment and testing methods are thorough and match industry standards, assuring dependability and performance in difficult situations.

Smart Green Shipping

Grant in 2022
Smart Green Shipping specializes in creating innovative, digitally enabled wind-powered solutions for the maritime industry. The company has developed data-driven wing sails that optimize merchant shipping routes through advanced software. By utilizing meteorological and satellite data, Smart Green Shipping's system projects annual fuel savings for shipping companies, whether they retrofit existing vessels or incorporate the technology into new builds. This approach not only promotes the adoption of wind assist technologies but also aims to enhance operational efficiency and reduce fuel consumption in shipping operations.

PhysioMedics

Venture Round in 2022
PhysioMedics is a healthcare technology company which provides online software solutions to reduce costs and improve efficiencies in managing musculoskeletal disorders.

Cytomos

Seed Round in 2022
Cytomos Limited, based in Edinburgh, United Kingdom, specializes in developing advanced technologies for cell sorting and analysis in laboratory research and clinical diagnostics. Established in 2011, the company focuses on its patented Dielectric Spectroscopy (CDS™) technology, which allows for unbiased, label-free analysis of individual cells with single-cell resolution. This technology is particularly valuable in the biopharma and cell therapy sectors, as it enables automated and quantitative assessment of samples, aiding in phenotypic drug discovery and stem cell therapy. By leveraging proprietary machine learning algorithms, Cytomos provides deep insights into bioprocesses, enhancing the efficiency of cell-based diagnostics and enabling researchers to make informed decisions regarding dosage and treatment protocols.

BioCaptiva

Seed Round in 2022
BioCaptiva develops liquid biopsy technology devices to diagnose and monitoring to detect cancers.

Elasmogen

Venture Round in 2022
Elasmogen Ltd, a biopharmaceutical company, discovers and develops sight-saving therapies for inflammatory eye diseases. The company develops soloMER that are small (11 kDa) and stable proteins that have squeezed a fourth binding loop into their single domain format and are derived evolutionarily from a non-antibody lineage, placing them outside the complex/competitive antibody patent landscape. Its pipeline includes ELN/21 and ELN/22, which are auto-immune mediated anti-inflammatory programs; soloMER-drug-conjugates; and NDure, a soloMER (humanized clinical candidate) available for extending the plasma half-life of fused partner molecules, such as scFv, peptides, growth factors, single domains, etc. Elasmogen Ltd has strategic partnerships with Almac Discovery Ltd and Merck Inc. The company was founded in 2014 and is based in Aberdeen, United Kingdom.

Biotangents

Venture Round in 2022
Biotangents Ltd., founded in 2015 and based in Glasgow, United Kingdom, specializes in designing and building biological pathways for the production of valuable natural materials. The company utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from various DNA components. Among its innovations is the development of terpenoid biosynthesis strains and the Short Sequence Randomisation technology for DNA randomisation. Biotangents has also conceptualized Moduleic Sensing, a modular cell-free nucleic acid detection technology, which led to the creation of a diagnostic test for identifying infectious diseases in livestock. This veterinary diagnostic device employs isothermal amplification technology, enabling precise detection without significant technical demands and allowing for quick adaptation to new targets. The solutions provided by Biotangents aim to mitigate the impact of infectious diseases in livestock, thereby enhancing the efficiency of animal protein production.

ŌGI Bio

Seed Round in 2022
ŌGI Bio is a newly formed start-up company from The University of Edinburgh with the mission to revolutionize the way that microbes are grown and managed.

Aiber

Venture Round in 2022
Aiber specializes in developing innovative software solutions for in-flight medical care within the aviation industry. The company's flagship product, MIME Pro, provides essential first aid emergency care guidance to cabin crew during medical incidents on flights. This software utilizes Bluetooth sensors to monitor vital signs in real time, allowing for the identification and communication of patient conditions, including deterioration and improvement. Founded in 2015 and headquartered in Inverness, United Kingdom, Aiber is dedicated to enhancing emergency response capabilities in aviation through its advanced technology.

448 Studio

Grant in 2022
448 Studio offer social media workshops, training and consultancy that supports the public sector and higher education.

Carcinotech

Seed Round in 2022
Carcinotech is focused on treating cancers and is based at the Roslin Innovation Centre on the outskirts of Edinburgh.

Axol

Venture Round in 2022
Axol Bioscience Ltd. is a biotechnology company based in Little Chesterford, United Kingdom, specializing in human cell culture systems for medical research, disease modeling, and drug discovery. The company produces a variety of human cells, including iPSC-derived cells like cardiomyocytes and neural stem cells, as well as primary cells such as endothelial and muscle cells. Axol also offers essential media and reagents, including cell culture media and growth supplements, to support researchers in their work. Additionally, the company provides custom services such as cell and tissue sourcing, iPSC reprogramming, differentiation into various cell types, and genome editing. Axol's products and services are utilized by pharmaceutical companies and research institutions worldwide, with distribution channels spanning multiple countries. Established in 2012, Axol is located in a notable innovation hub, Chesterford Research Park, in Cambridge, UK.

Kynos Therapeutics

Seed Round in 2022
Kynos Therapeutics develops KMO inhibitors across key indications in inflammation, immunity, and metabolism.

Kingdom Technologies

Seed Round in 2022
Kingdom Technologies Ltd. develops and manufactures a robotic lawn mower for large terrains. The company was incorporated in 2018 and is based in Glasgow, United Kingdom.
Rhizocore Technologies specializes in the production of locally-adapted mycorrhizal fungi designed to improve the success of tree planting initiatives. By developing a platform that focuses on enhancing the growth conditions for trees, the company aims to facilitate woodland regeneration and increase overall forest productivity. Its innovative approach addresses the needs of the forestry market, providing effective solutions for sustainable forestry practices.

Innovatium

Seed Round in 2022
Innovatium is a technology company that focuses on renewable energy.

WellFish Diagnostics

Seed Round in 2022
WellFish Diagnostics is on a mission to enhance the sustainability of the aquaculture industry by increasing productivity resulting from improved fish health and welfare. The company was founded in 2021 by Brian Quinn and is headquartered in Bridge of Weir, United Kingdom. .

Gigged.AI

Grant in 2022
Gigged.AI is a digital talent sourcing and onboarding platform designed to connect top talent with forward-thinking clients. The platform utilizes an artificial intelligence-based algorithm to match technology professionals with appropriate projects, facilitating collaboration among clients, contractors, and freelancers. By streamlining the process of sourcing and onboarding talent, Gigged.AI enables the effective delivery of digital projects within specified timelines while ensuring compliance with local regulations.

Mocean Energy

Seed Round in 2022
Mocean Energy focuses on developing innovative technologies that capture wave energy to support the transition to a zero-carbon future. The company has created an energy converter that enhances the generation and utilization of electricity from renewable sources. This converter employs a power take-off mechanism that transforms kinetic energy from ocean waves into electricity. As a result, Mocean Energy enables the use of reliable and cost-effective renewable energy for various subsea applications, including control systems, remotely operated vehicles (ROVs), and autonomous underwater vehicles.

Good-Loop

Series A in 2022
Good-Loop operates an advertising platform that transforms advertising revenue into charitable donations, thereby enhancing the effectiveness and ethics of online advertising. The platform allows users to opt-in to watch video ads without interruption, with 50% of the revenue generated from these ads directed towards a social cause of the viewer's choice. This model not only supports charitable initiatives but also yields higher engagement rates for advertisers; Good-Loop reports an average completion rate of 61% for its ads, significantly surpassing the typical 30% rate seen on platforms like YouTube. By focusing on personalized advertising experiences, Good-Loop aims to create a mutually beneficial scenario for both consumers and advertisers while promoting social responsibility.

Valneva

Grant in 2022
Valneva SE is a specialty vaccine company dedicated to the development and commercialization of vaccines for infectious diseases that lack adequate solutions. The company offers two commercial vaccines for travelers: IXIARO/JESPECT, which protects against Japanese encephalitis, and DUKORAL, aimed at preventing cholera and certain types of diarrhea. Valneva is also advancing several vaccine candidates, including the only developmental vaccine for Lyme disease and a single-shot vaccine for chikungunya. Founded in 1999, Valneva operates in multiple countries, including Austria, Canada, France, Sweden, the United Kingdom, and the United States. The company is involved in a collaboration with Dynavax Technologies Corporation to further vaccine development for COVID-19. Valneva's focus is on addressing urgent public health needs through innovative vaccine solutions.

M2M Cloud

Grant in 2022
M2M Cloud is an internet of things (IoT) company delivering device to cloud solutions.

Biscuit Tin

Seed Round in 2022
Biscuit Tin operates a digital legacy vault designed to securely store important life information. The platform allows users to upload and organize various documents, including account details, personal memories, photos, videos, and essential certificates. It also enables users to designate nominees, executors, attorneys, and advisors, ensuring that specific individuals can access the stored information after their passing. By providing a centralized and secure location for valuable life data, Biscuit Tin helps individuals manage their digital legacy effectively.

Verlume

Venture Round in 2022
Verlume specializes in subsea power hub technology that generates, stores, and supplies electrical power in underwater, offshore, and onshore sectors. The company's innovative approach harnesses the energy from ocean currents and tides, converting it into electrical energy. This stored power is then delivered to subsea assets, allowing clients to utilize clean and renewable energy sources while minimizing environmental impact. Through its suite of products and services, Verlume aims to assist clients in reducing their carbon footprint and achieving decarbonization in their operations.

Talking Medicines

Venture Round in 2022
Talking Medicines Limited is a data technology company based in Glasgow and London that specializes in capturing, curating, and structuring patient insights related to launched medicines. Utilizing advanced artificial intelligence, machine learning, and natural language processing, the company analyzes real-world conversations and behaviors of patients to map their experiences with medications. Its flagship application, Medsmart, collects data on medication usage, providing pharmaceutical companies with real-time intelligence about patient sentiment and behavior. The company offers various solutions, including a real-world persona data service, digital focus groups, and custom data solutions tailored to specific needs within the pharmaceutical sector. Founded in 2013 and rebranded in 2015, Talking Medicines aims to enhance regulatory compliance and enable marketing strategies through insights that measure patient confidence and identify growth opportunities for pharmaceutical brands.

Aberdeen Harbour Board

Debt Financing in 2022
Aberdeen Harbour Board operates a premier marine assistance center primarily serving the oil and gas industry, while also functioning as the main commercial port in the region. The organization is committed to maintaining high safety standards and promoting environmental sustainability, ensuring that clients can develop an eco-friendly port. With world-class facilities and a strategic location, Aberdeen Harbour Board aims to meet the diverse needs of its customers by providing innovative solutions and supporting the growth of the local economy. Its extensive knowledge and experience in the marine sector position it as a preferred choice for businesses seeking reliable port services.

epipole

Venture Round in 2022
Epipole Ltd. is a UK-based company specializing in the design and manufacture of advanced retinal video cameras, known as the EpiCam series. Founded in 2011 and headquartered in Rosyth, the company aims to enhance the early diagnosis and monitoring of retinal diseases, particularly diabetic retinopathy. The EpiCam family includes the EpiCam M, a hand-held digital retinal camera that allows real-time exploration of retinal vasculature; the EpiCam C, which provides an expanded field of view; and the EpiCam V, designed specifically for veterinary use. Additionally, Epipole offers the Model Eye, an optical replica of the human eye for training purposes. Through a network of distributors and online platforms, Epipole aims to revolutionize ophthalmic practice by introducing innovative imaging solutions that improve clinical understanding and patient outcomes.

Pneumagen

Venture Round in 2022
Pneumagen focuses on developing glycan targeted carbohydrate-binding modules (CBMs) as a new universal therapeutic modality for the treatment of respiratory tract infections (RTIs) and cancer. Founded in 2016, the Company is a spin-out from the University of St Andrews in Scotland and has access to world-class scientific expertise and capabilities in glycobiology.

Mangata Networks

Series A in 2022
Developer of satellite-enabled telecommunication technology designed to help businesses create a bridge between connectivity and access. The company's technology enables seamless integration into networks and lets scaling of data connectivity across geographies, enabling businesses to save money and have access to continuous connectivity.

Liftango

Venture Round in 2022
Shared Transport. Reinvented. Liftango powers some of the most successful on-demand shared transport systems across the world. By guiding global organisations on how to plan, launch and scale their shared mobility programs, we help provide a path to a sustainable and climate-positive future.

Trojan Energy

Venture Round in 2022
Trojan Energy Limited specializes in providing charging infrastructure solutions for electric vehicles globally. Founded in 2016 and based in Stonehaven, United Kingdom, the company focuses on the installation of on-street flat and flush electric vehicle charging points. This innovative approach addresses the needs of vehicle owners who lack access to off-street parking, facilitating the broader adoption of electric vehicles.

Cytochroma

Grant in 2021
Cytochroma manufacture genetically diverse stem cell-derived models to predict the safety and effect of drugs in a global population. Cytochroma’s automated cell manufacture, physiologically relevant models and rapid screening platform makes preclinical testing faster, safer and smarter.

Vert Rotors

Grant in 2021
Vert Rotors UK Limited, established in 2013 and located in Edinburgh, specializes in manufacturing ultra-compact, light, and low-vibration Conical Rotary Compressors (CRC) using proprietary technology. These compressors feature an inner screw rotor that revolves within an outer screw rotor, making them ideal for applications in refrigeration, industrial, vacuum, space, and compressed air sectors, as well as in heating, ventilation, and air conditioning markets. The company's products are particularly suited for situations where size and weight are critical, and where minimizing vibration and noise is essential.

Vert Rotors

Venture Round in 2021
Vert Rotors UK Limited, established in 2013 and located in Edinburgh, specializes in manufacturing ultra-compact, light, and low-vibration Conical Rotary Compressors (CRC) using proprietary technology. These compressors feature an inner screw rotor that revolves within an outer screw rotor, making them ideal for applications in refrigeration, industrial, vacuum, space, and compressed air sectors, as well as in heating, ventilation, and air conditioning markets. The company's products are particularly suited for situations where size and weight are critical, and where minimizing vibration and noise is essential.

Dyneval

Series A in 2021
Dyneval specializes in portable technology for cattle semen analysis, focusing on the precise measurement of semen quality. Its innovative technology assesses semen motility under quasi-in-vivo conditions, providing valuable insights into spermatozoa behavior. By utilizing dynescan data, Dyneval aids in informing breeding plans and confirming semen quality throughout the supply chain. This approach not only enhances livestock production but also contributes to improved food security and reduced methane emissions, allowing farmers to address issues related to poor conception rates effectively.
Intelligent Growth Solutions Ltd, founded in 2013 and based in Dundee, United Kingdom, specializes in developing and providing advanced vertical farming technology for indoor food production in diverse locations. The company offers a plug-and-play platform that includes an indoor vertical farming demonstration facility equipped with an Internet of Things (IoT)-enabled power and communications system. This system incorporates patented electrical, electronic, and mechanical technologies designed to create optimal growing conditions for plants. Intelligent Growth Solutions is committed to continuous innovation and practical design, challenging conventional approaches to agricultural technology.

Proteus

Series A in 2021
Proteus combines a world-class business operating system with on-demand access to rated talent and pay-as-you-go access to major engineering software into a simple-to-use platform.

Xergy

Series A in 2021
Xergy Group Limited is a company based in Aberdeen, United Kingdom, that specializes in developing Proteus, a cloud-based work management automation platform tailored for the energy and engineering sectors. Founded in 2018, Xergy's platform facilitates remote work by integrating essential workflows commonly used in the oil and gas industry, from identifying opportunities to closing invoices. Proteus streamlines talent acquisition, project management, and financial processes into a single hub, enhancing operational efficiency and profitability. It also supports real-time project oversight by integrating data from third-party software, such as Microsoft 365 and Google Workspaces. By adhering to established project management frameworks and ISO standards, Xergy aims to simplify workflows and reduce costs and time for its clients, contributing to the industry's digital transformation and low carbon transition.

Sentinel Subsea

Seed Round in 2021
Sentinel Subsea focuses on advanced passive integrity monitoring solutions for subsea infrastructure and equipment, specifically targeting the oil and gas industry. The company has developed WellSentinel, a comprehensive method for monitoring the integrity of subsea wells, wellheads, and Christmas trees. Their technology platform incorporates a hydrocarbon detection system that identifies gas or fluid hydrocarbons escaping from subsea wells and a tracer detection system for monitoring tracer fluid. This early detection capability not only facilitates timely leak identification but also enhances economic efficiency by potentially lowering cleanup costs. By providing real-time alerts regarding leaks, especially from aging wells, Sentinel Subsea reduces the dependence on frequent manual inspections, thus improving operational safety and efficiency.

O-I Glass

Grant in 2021
Full investment portfolio: Cash and cash equivalents - 0.46% Debt securities - 2.12% Other - 1.55% Founded in 1903, Owens Illinois is a corporate firm based in Ohio, United States. The firm manufactures and sells glass containers to their clients internationally. The firm sponsors a non-contributory defined benefit pension plan for its employees.

EnteroBiotix

Series A in 2021
EnteroBiotix Limited is a biotechnology company based in Edinburgh, United Kingdom, that specializes in the research, development, and commercialization of orally available products for fecal microbiota transplantation. Founded in 2017, the company focuses on creating microbiome-modulating drugs derived from bacterial communities in the human gastrointestinal tract. These products aim to restore health and prevent bacterial infections by addressing imbalances in gut bacteria associated with various diseases. EnteroBiotix is dedicated to developing both allogenic and autologous microbial therapeutics to meet the needs of patients with serious unmet medical conditions, thereby enabling healthcare providers to effectively prevent and treat debilitating infections and diseases.

Trojan Energy

Series A in 2021
Trojan Energy Limited specializes in providing charging infrastructure solutions for electric vehicles globally. Founded in 2016 and based in Stonehaven, United Kingdom, the company focuses on the installation of on-street flat and flush electric vehicle charging points. This innovative approach addresses the needs of vehicle owners who lack access to off-street parking, facilitating the broader adoption of electric vehicles.

SnapDragon Monitoring

Venture Round in 2021
SnapDragon Monitoring Limited specializes in brand protection software solutions, focusing on combating the online sale of counterfeit goods. Established in 2014 and based in Edinburgh, United Kingdom, the company offers both managed and self-service options, with its key product being Swoop, a software designed to effectively monitor and protect brands. SnapDragon's expertise stems from extensive experience in manufacturing, logistics, product development, and marketing, which informs its approach to defending brands online. By leveraging registered and unregistered intellectual property rights, SnapDragon enables businesses to identify and address counterfeit and copycat products, providing a cost-effective means of safeguarding their reputations in the digital marketplace.

Chromacity

Venture Round in 2021
Chromacity Ltd. is a company based in Edinburgh, United Kingdom, specializing in the development, manufacturing, and distribution of wavelength tunable femtosecond lasers for various applications, including life sciences and spectroscopy. The company's product lineup features several advanced lasers, such as the Spark 1030-nm femtosecond laser, the high-power Spark-HP 1040-nm laser, and the Spark-X 1280-nm laser designed for two-photon stimulation. Additionally, Chromacity offers the Spark-OPO, which generates tunable femtosecond pulses across the near- to mid-infrared spectrum, and the Spark-ultra, which covers the near-infrared range. With a strong emphasis on custom solutions, Chromacity collaborates with systems manufacturers to create tailored femtosecond and picosecond lasers for engineering and materials processing applications. The company's robust, patent-pending technology ensures reliable performance, and its user-friendly web-based control interface allows for easy operation from various devices. Founded in 2013 and stemming from Heriot-Watt University, Chromacity serves clients in North America, the UK, the Middle East, and beyond.

Snappy Shopper

Series A in 2021
Snappy Shopper LTD operates an online platform that connects consumers with local convenience stores and corner shops, allowing them to shop for a variety of products including groceries, beverages, snacks, baby care items, household goods, and more. Founded in 2017 and based in Dundee, United Kingdom, the company facilitates the delivery of goods by enabling users to browse the inventories of registered local stores. This digital e-commerce solution streamlines the ordering process, allowing customers to conveniently select items and receive them at their doorstep, thereby enhancing the shopping experience and promoting local businesses.

Lilo Drinks

Seed Round in 2021
Lilo Drinks is an online store that sells botanical spirits. They provide return and shipping services for consumers. They enable customers to deal directly with a seller online to purchase goods or services. Their white grape and elderflower, cranberry, rosehip, and mixed case drinks serve consumers.

Macomics

Seed Round in 2021
Macomics Ltd is an immuno-oncology company based in Edinburgh, United Kingdom, that focuses on developing innovative immunotherapies aimed at modulating macrophages to enhance the body's immune response against tumors. Established in 2018, the company is dedicated to creating first-in-class treatments that target the immunosuppressive tumor microenvironment. By leveraging disease-specific macrophage biology, Macomics aims to harness the immune system's potential, providing clinical benefits to a broader range of cancer patients.
R3 IoT enables organisations to access their critical operational data by automating the collection of sensor data. This data is transferred from remote operations to the cloud via satellite providing business leaders and operational management the capability to make better decisions and reduce inefficiencies.
North British Distillery Company is the supplier of grain whiskey to the industry, most of which is used for blended Scotch.

Aveni

Venture Round in 2021
Aveni is a video conferencing company that utilizes artificial intelligence and natural language processing to enhance client engagement for financial advisors. Its platform features a GPT-powered AI assistant that automates various tasks, including CRM functions and live risk monitoring. By providing tools for identifying risks and improving compliance, Aveni enables advisors to streamline their operations, increase efficiency, and better serve their clients while meeting regulatory requirements.

ENOUGH

Series B in 2021
ENOUGH, formerly known as 3fbio Ltd., is a technology spin-out from the University of Strathclyde, established to develop and commercialize innovative patented technology for the production of mycoprotein, a meat-free food product. The company employs integrated fermentation processes that combine the production of mycoprotein with existing bio-refinery operations, which also generate bioethanol and animal feed as co-products. By utilizing glucose syrup as feedstock for mycoprotein and carbohydrate feedstock for bioethanol, ENOUGH aims to enhance production economics while promoting sustainable food solutions. Incorporated in 2015 and based in Glasgow, United Kingdom, the company focuses on transforming the food, fuel, and feed sectors through its advanced production methods.

Boundary

Seed Round in 2021
Boundary Technologies Ltd, established in 2018 and headquartered in Edinburgh, United Kingdom, specializes in designing and developing advanced burglar alarm systems that can be controlled via mobile devices. The company provides a comprehensive central hub for monitoring and managing connected security devices, which include motion sensors, application software, door and window contacts, outdoor sounders, and smart home integrations. Boundary's innovative security solution is positioned as 'security as a service', offering a reliable and efficient means of protecting homes and families. The system is designed to meet UK and European alarm standards, ensuring accuracy and facilitating automatic police responses when necessary.

Estendio

Debt Financing in 2021
PowerPoint is a presentation application which focuses on content creation and design, there are currently no add-in tools which assist the presenter with the actual delivery of their presentations. Present Pal works as an assistive aid for presenters when communicating with their audience, acting like a set of interactive flashcards on your smartphone or tablet. Present Pal is currently working with Microsoft to make PowerPoint more accessible - read about their AI for Accessibility story here.

Changingday

Seed Round in 2021
Changingday creates virtual reality games for autistic people.

Red61

Venture Round in 2021
Red61 Limited is a provider of ticketing software and consultancy services, catering to festivals, events, venues, and ticket agencies across the United Kingdom, Australia, Ireland, and Abu Dhabi. Based in Edinburgh, the company offers a range of solutions, including its VIA ticketing system, which efficiently handles high-volume ticket sales for various events and multi-venue networks. Red61 was founded by Tony Davey and Peter McNaught, who sought to address the frustrations within the ticketing industry by fostering long-term, collaborative relationships with their clients. The platform is designed to streamline the ticketing process, making it quick and organized, and supports multiple sales channels such as online, mobile, in-person, and phone sales.

Changingday

Grant in 2021
Changingday creates virtual reality games for autistic people.

Sharktower

Seed Round in 2021
Sharktower is a provider of artificial intelligence-driven software focused on portfolio and project management. Its platform offers a comprehensive suite of features designed to enhance project delivery by delivering real-time reporting, visual planning, automated reporting, and collaborative tools. By utilizing predictive analytics, Sharktower enables project teams to identify and mitigate risks before they escalate, fostering enterprise agility and efficiency. The software emphasizes data-driven decision-making and offers insights visualization, helping clients streamline their workflows and improve overall project outcomes.

Invizius

Series A in 2021
Invizius Ltd. is a medical technology company based in Edinburgh, United Kingdom, founded in 2018. The company specializes in developing H-Guard technology, which aims to mitigate the side effects associated with hemodialysis treatments. By addressing these side effects, Invizius seeks to reduce the risk of cardiovascular disease among patients undergoing long-term dialysis.

QuickBlock

Seed Round in 2021
QuickBlock is a flat-packed, recycled plastic, modular building system that offers an alternative to traditional concrete blocks.

Sofant

Venture Round in 2021
Sofant Technologies Ltd specializes in designing and licensing smart antenna and tunable RF solutions for manufacturers of smartphones and tablets. Established in 2011 and based in Edinburgh, United Kingdom, the company focuses on radio-frequency micro-electromechanical systems (MEMS) to address power consumption and heat challenges in high-frequency phased array antenna systems. Sofant's product offerings include compact smart antenna solutions, tunable impedance matching modules, and various RF MEMS components such as capacitors and phase shifters. By integrating patented technology with innovative antenna designs and machine learning algorithms, Sofant aims to help organizations reduce costs and complexity in the emerging millimeter-wave market, particularly for fifth-generation and satellite communication applications.

PneumoWave

Seed Round in 2021
Altair Medical is developing real-time monitoring solutions to allow patients with respiratory conditions and their doctors to track their respiratory rates and performance out of hospital, at home and at work. Combining proprietary sensor technology and an innovative AI driven digital therapeutic software platform, Altair’s technology enables doctors to rationalise medication use, identify early signs of deterioration, reduce or shorten hospital admissions and reduce face to face appointments.

Atterley

Venture Round in 2021
Atterley, a network of the very best independent fashion retailers and a boutique shopping experience delivered direct to your door. We are a platform that promotes, supports and celebrates all that is unique about independent retail, working closely with our network of partners to curate an unrivalled and eclectic brand mix of new, known and niche labels. #independentstyle #weareatterley The original Atterley was founded in 2012 by Katie Smith and went into administration in early 2016. The business and assets were purchased by Atterley.com Retail Limited, a company founded by Michael Welch, and relaunched in August 2016 with a new business model focused on giving independent boutiques a route online. As a result, any information on this page relating to events pre-2016 relate to the old Atterley.

BioCaptiva

Seed Round in 2021
BioCaptiva develops liquid biopsy technology devices to diagnose and monitoring to detect cancers.

Cyan Forensics

Series A in 2021
Cyan Forensics Ltd. develops and markets innovative digital forensics tools designed specifically for law enforcement agencies. Founded in 2016 and based in Edinburgh, United Kingdom, the company specializes in extracting digital fingerprints from existing databases of contraband. Its technology enables the scanning of seized computers, hard drives, and other media devices to identify harmful content, specifically targeting materials related to paedophiles and terrorists. By providing detailed results, Cyan Forensics helps forensic analysts focus their investigative efforts on devices likely to yield incriminating evidence, thus streamlining the investigative process and ensuring that time is not wasted on irrelevant materials. The tools developed by the company are also valuable in delivering evidence that can be used in court proceedings.

Arcola Energy

Grant in 2021
Arcola Energy is a leader in hydrogen and fuel cell integration, specializing in zero-emission solutions for heavy-duty vehicles and transport applications.

Stamp Free

Grant in 2021
Stamp Free Ltd. operates as a digital postage stamp company.

Adimo

Seed Round in 2021
Adimo is a developer of a shoppable marketing platform that enhances digital marketing by integrating shopping functionality directly into various forms of content and campaigns. The platform allows brands to connect with shoppers more effectively by enabling them to add products to their online grocery baskets directly from display advertisements, landing pages, websites, and social media. This approach simplifies the purchasing process for consumers, allowing them to choose products and save them for later purchase, thus bridging the gap between product discovery and acquisition in the fast-moving consumer goods sector.

Pneumagen

Venture Round in 2021
Pneumagen focuses on developing glycan targeted carbohydrate-binding modules (CBMs) as a new universal therapeutic modality for the treatment of respiratory tract infections (RTIs) and cancer. Founded in 2016, the Company is a spin-out from the University of St Andrews in Scotland and has access to world-class scientific expertise and capabilities in glycobiology.

Xergy

Grant in 2021
Xergy Group Limited is a company based in Aberdeen, United Kingdom, that specializes in developing Proteus, a cloud-based work management automation platform tailored for the energy and engineering sectors. Founded in 2018, Xergy's platform facilitates remote work by integrating essential workflows commonly used in the oil and gas industry, from identifying opportunities to closing invoices. Proteus streamlines talent acquisition, project management, and financial processes into a single hub, enhancing operational efficiency and profitability. It also supports real-time project oversight by integrating data from third-party software, such as Microsoft 365 and Google Workspaces. By adhering to established project management frameworks and ISO standards, Xergy aims to simplify workflows and reduce costs and time for its clients, contributing to the industry's digital transformation and low carbon transition.

Proteus

Grant in 2021
Proteus combines a world-class business operating system with on-demand access to rated talent and pay-as-you-go access to major engineering software into a simple-to-use platform.

RAB Microfluidics

Venture Round in 2021
RAB Microfluidics specializes in developing innovative lab-on-a-chip technology aimed at transforming oil analysis processes. By utilizing patented microfluidic technology, the company offers real-time diagnostics for lubricated machinery, enabling early detection of potential failures and preventing costly equipment breakdowns. This dynamic approach provides clients with laboratory-quality data and actionable insights for effective asset condition management, significantly reducing costs compared to traditional methods. Founded on a decade of research from the University of Aberdeen, RAB Microfluidics is recognized as a pioneer in microfluidic technology for oil applications in Europe. With a dedicated advisory team boasting over 60 years of expertise, the company is committed to addressing the needs of diverse industries, including oil and gas, aerospace, and power generation, by making oil testing mobile, rapid, and routine.

Solasta Bio

Pre Seed Round in 2021
Solasta Bio develops environment-friendly products that meet a global need for new and effective crop protection.

TravelNest

Debt Financing in 2020
TravelNest Limited operates an online platform that enables rental property owners to advertise their properties effectively. Founded in 2014 and based in Edinburgh, United Kingdom, the company focuses on the holiday rentals industry across Europe. It assists property owners in optimizing their listings and identifying the most suitable advertising channels to enhance visibility and attract potential guests. TravelNest was previously known as TouristCo Limited before rebranding in October 2017. Through its innovative approach, the company aims to transform the way rental properties are marketed.

E.Fundamentals

Convertible Note in 2020
E.Fundamentals operates an e-commerce analytics and insight platform that focuses on optimizing performance for consumer packaged goods (CPG) brands in the digital retail space. The platform transforms complex retail digital data into actionable insights, allowing brand owners to improve sales and profitability on retailer and wholesaler websites. By aggregating real-time insights, E.Fundamentals enables businesses to enhance online revenues and manage various aspects of e-commerce product performance, including online ranging, pricing, positioning, and promotion. Through its services, the company supports leading brands in making informed decisions to maximize their digital shelf performance.

Bio-Images Drug Delivery

Venture Round in 2020
Bio-Images Drug Delivery Ltd, located in Glasgow, United Kingdom, specializes in drug formulation and delivery systems. The company offers comprehensive services that include troubleshooting, formulation development, and both in vitro and in vivo testing. A key feature of their offerings is the patented OralogiK technology, which allows for precise control of drug release. This technology has been validated in clinical studies and enables the oral administration of single, multi-dose, or combination drugs at specific intervals ranging from one to twelve hours after ingestion. The benefits of this system include targeted night-time dosing, multi-phased drug delivery, and the ability to direct drugs to specific areas within the digestive system. Additionally, Bio-Images Drug Delivery employs gamma scintigraphy to assess the in vivo behavior of formulations, providing crucial data on disintegration times, gastric emptying, and gastrointestinal transit. The company's clinical division supports the entire clinical trial process, from protocol development to regulatory submissions and the production of compliant study reports.

Swipii

Seed Round in 2020
Swipii Labs Ltd. operates a customer loyalty and marketing platform specifically designed for small businesses. Founded in 2012 and based in Glasgow, the company offers a suite of digital tools that enable businesses to implement loyalty programs, boost online reviews, and attract new customers. Swipii's app facilitates cashback rewards on purchases, allowing users to earn points automatically through card-linking technology. This platform not only helps local businesses compete with larger brands but also encourages consumers to discover local offers and share them within their communities. By providing these services, Swipii aims to enhance customer engagement and loyalty while supporting the growth of small businesses.

Freeflow Technologies

Venture Round in 2020
Freeflow Technologies Limited, founded in 2012 and headquartered in Glasgow, United Kingdom, specializes in the development of e-bikes, particularly the SALTIRE model, which is recognized as the world’s lightest and most environmentally friendly e-bicycle. The SALTIRE is designed to be over 30% lighter than existing models, showcasing the company's commitment to user-centric design and sustainability. Freeflow Technologies holds a patented technology that enhances the performance and aesthetics of its e-bikes, positioning them competitively in the market. The company's innovations aim to improve both powered and unpowered cycling experiences.

Red61

Seed Round in 2020
Red61 Limited is a provider of ticketing software and consultancy services, catering to festivals, events, venues, and ticket agencies across the United Kingdom, Australia, Ireland, and Abu Dhabi. Based in Edinburgh, the company offers a range of solutions, including its VIA ticketing system, which efficiently handles high-volume ticket sales for various events and multi-venue networks. Red61 was founded by Tony Davey and Peter McNaught, who sought to address the frustrations within the ticketing industry by fostering long-term, collaborative relationships with their clients. The platform is designed to streamline the ticketing process, making it quick and organized, and supports multiple sales channels such as online, mobile, in-person, and phone sales.

Mocean Energy

Seed Round in 2020
Mocean Energy focuses on developing innovative technologies that capture wave energy to support the transition to a zero-carbon future. The company has created an energy converter that enhances the generation and utilization of electricity from renewable sources. This converter employs a power take-off mechanism that transforms kinetic energy from ocean waves into electricity. As a result, Mocean Energy enables the use of reliable and cost-effective renewable energy for various subsea applications, including control systems, remotely operated vehicles (ROVs), and autonomous underwater vehicles.

UserTesting

Grant in 2020
UserTesting is a human insights platform that helps organizations make informed, customer-centric business decisions. It enables brands to target specific customer demographics, conduct usability studies, and engage in live conversations to gain valuable feedback. The platform captures real-time experiences through video, allowing companies to observe how users interact with their products, designs, and services. By packaging these insights into shareable video reels, organizations can facilitate discussions that enhance the customer experience, boost brand loyalty, and ultimately drive revenue growth. UserTesting's extensive panel of on-demand users further supports its mission to provide actionable insights that influence business strategies.

Aurum Biosciences

Funding Round in 2020
Aurum Biosciences Ltd develops pharmaceuticals. The company’s products and technology include Perfluorocarbon which carry oxygen to organs and tissues; Magnetic Resonance Imaging which is a medical imaging technique that does not use ionising radiation and Proprietary image analysis software which provides accurate analyses of images of the stroke patient’s brain. Aurum Biosciences Ltd was founded in 2010 and is headquartered in Glasgow, United Kingdom.

Swipii

Debt Financing in 2020
Swipii Labs Ltd. operates a customer loyalty and marketing platform specifically designed for small businesses. Founded in 2012 and based in Glasgow, the company offers a suite of digital tools that enable businesses to implement loyalty programs, boost online reviews, and attract new customers. Swipii's app facilitates cashback rewards on purchases, allowing users to earn points automatically through card-linking technology. This platform not only helps local businesses compete with larger brands but also encourages consumers to discover local offers and share them within their communities. By providing these services, Swipii aims to enhance customer engagement and loyalty while supporting the growth of small businesses.

Particle Analytics

Debt Financing in 2020
Particle Analytics Ltd. is a software company based in Edinburgh, United Kingdom, that specializes in technologies for the preparation, visualization, and analysis of simulation data related to particles and industrial bulk solids. Established in March 2015 as a spin-out from the University of Edinburgh, the company has quickly positioned itself as a disruptive force in its sector. Its software offers advanced post-processing capabilities that utilize temporal and spatial averaging techniques, enabling users to project and analyze particle information effectively. Additionally, the pre-processing tools allow for the creation and modification of geometries and meshes prior to simulation. By delivering significant efficiencies and improvements, Particle Analytics serves multinational organizations that manage large volumes of particulate solids, offering a substantial enhancement over existing solutions in the market.

Amiqus

Debt Financing in 2020
Amiqus Resolution Ltd. designs and develops software solutions for anti-money laundering, identity, and compliance checks. The company's solution offers checks for identity reports, credit reports, photo ID verification, basic disclosure, and companies lookup. The company's solution also offers custom forms, work assigning, and document management. It offers security and compliance for user access levels, audit logs, and two-factor authentication (2FA). The company serves the accountancy, legal, property, recruitment, financial, and public sectors. Amiqus Resolution Ltd. was founded in 2008 and is based in Edinburgh, United Kingdom.

pureLiFi

Debt Financing in 2020
pureLiFi Ltd. is a technology company based in Edinburgh, UK, specializing in light communication solutions through its innovative Li-Fi technology. This technology utilizes visible light spectrum instead of traditional radio frequencies for wireless data communication, addressing the growing demand for bandwidth. The company's product offerings include Li-1st for developing VLC applications, Li-Flame for secure wireless networking, and the Li-Fire Platform for enhanced communication using visible light. Additionally, pureLiFi provides devices like LiFi-XC, which includes access points and USB dongles, ensuring compatibility with various operating systems. The applications of pureLiFi's technology span several sectors, including healthcare, aviation, and transportation, enabling high-density data transfer while minimizing external network interference. Founded in 2012, pureLiFi was previously known as pureVLC Ltd. before rebranding in 2013.

Vert Rotors

Debt Financing in 2020
Vert Rotors UK Limited, established in 2013 and located in Edinburgh, specializes in manufacturing ultra-compact, light, and low-vibration Conical Rotary Compressors (CRC) using proprietary technology. These compressors feature an inner screw rotor that revolves within an outer screw rotor, making them ideal for applications in refrigeration, industrial, vacuum, space, and compressed air sectors, as well as in heating, ventilation, and air conditioning markets. The company's products are particularly suited for situations where size and weight are critical, and where minimizing vibration and noise is essential.

Speech Graphics

Debt Financing in 2020
Speech Graphics Ltd specializes in procedural facial animation solutions for the entertainment industry, providing a unique software called SGX that transforms audio files and transcripts into high-quality facial animations without the need for motion capture. Founded in 2010 and based in Edinburgh, Scotland, the company emerged from the University of Edinburgh’s School of Informatics and has over 20 years of research and development in speech technology and facial dynamics. Speech Graphics has collaborated with notable clients, including Warner Brothers and Def Jam Recordings, and its technology is utilized in various productions, such as AAA video games and music videos, as well as in communication and training applications. The company has received multiple accolades for its innovative contributions, including the John Logie Baird Award and various industry-specific honors, alongside development grants from organizations like Scottish Enterprise.

Optoscribe

Debt Financing in 2020
Optoscribe Limited is a company based in Livingston, United Kingdom, specializing in the development and manufacturing of 3D light waveguides for the optical telecommunications sector. Founded in 2010, Optoscribe provides innovative solutions, including ultra-low crosstalk multicore fiber fanout products that facilitate connections between single-mode and multi-core fibers. Its unique 3D glass-based photonic integrated circuit platform is tailored for custom transceiver fiber coupling, addressing the challenges posed by various optical transceiver architectures. This platform enhances the compactness and robustness of optical interconnects, significantly improving data transfer capabilities across networks while minimizing costs. Optoscribe's products support advanced fiber technologies, including Single Mode, Multimode, and Multicore Fibers, and are designed for seamless integration into diverse communications applications. The company's manufacturing processes allow for scalability and are engineered to meet the rigorous demands of the telecommunications market.

EC-OG

Debt Financing in 2020
EC-OG is a developer of subsea power hub technology designed to generate, store, and supply remote electrical power. Its technology utilizes remote power generation to convert the energy within ocean currents and tides to electrical energy, store this energy and deliver electrical power to subsea assets, enabling clients to use clean and renewable energy sources without polluting the environment around them. The company was founded in 2013 and is headquartered in Bridge of Don, Aberdeen.

Amiqus

Debt Financing in 2020
Amiqus Limited is a recruitment agency based in Warrington, United Kingdom, that specializes in connecting clients with candidates in the games industry. Founded in 2000, the company was originally known as Alexander Mann Technology (Northwest) Limited until its rebranding in 2003. Amiqus aims to leverage its passion for the gaming sector along with its recruitment expertise to assist individuals in finding suitable job opportunities. As a subsidiary of Alexander Mann Associates Limited, Amiqus focuses on building relationships and creating networks to deliver tailored hiring services that meet the specific needs of its clients.

Global Surface Intelligence

Debt Financing in 2020
Global Surface Intelligence Ltd. is a data services company based in Edinburgh, United Kingdom, with an additional office in Baltimore, Maryland. Founded in 2009, the company specializes in earth observation and predictive analytics, utilizing satellite, UAV, and ground survey data to deliver actionable insights for various industries. Its GSi-Platform offers predictive modeling solutions for diverse scenarios, while products like GSi-Carbon provide detailed assessments of biomass carbon stocks. GSi-Crop delivers mapped crop yield predictions, and GSi-Timber supplies information on timber volumes for forest inventory assessments. Additionally, GSi-Blowdown monitors forest damage from extreme weather, and GSi-Soil focuses on soil carbon monitoring. By transforming complex data into commercially valuable insights, Global Surface Intelligence aids clients in effectively managing land-based assets and understanding environmental changes.

Dxcover

Seed Round in 2020
It is our mission to be a world leader in liquid biopsy and artificial intelligence for early detection of cancers and other diseases to improve survival and quality of life. Dxcover are an award-winning team, dedicated to developing liquid biopsies for early detection of cancer and other diseases. A University of Strathclyde spinout in 2019 under the name ClinSpec Diagnostics, and rebranded as Dxcover Limited in 2021. To date, Dxcover have secured £5.1m of funding, and have successfully completed two ground-breaking clinical studies on detection of brain cancer and are currently developing our platform for the detection of commonly occurring cancers.
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