Scottish Enterprise

Scottish Enterprise is Scotland's primary economic development agency, operating as a non-departmental public body under the Scottish Government. Established in 1991 and based in Glasgow, it aims to foster an innovative and productive economy by partnering with both public and private sectors to identify and capitalize on high-value opportunities. The organization supports small and medium-sized enterprises (SMEs) by helping them secure necessary financing, enhancing management capabilities, and facilitating growth. Through its arm, the Scottish Investment Bank, it engages in direct and fund of fund investments, focusing on sectors such as renewable energy, healthcare, technology, and creative industries. It typically invests between £0.01 million and £10 million, utilizing various financial instruments including loans, equity, and mezzanine financing. Scottish Enterprise also collaborates with UK and international investors, including business angels and venture capital groups, to stimulate the funding market in Scotland and enhance the growth potential of Scottish businesses.

Steve Dunlop

Chief Executive

Jane Martin

Managing Director of Innovation and Investment

Pat McHugh

Investment Director

Iain Scott

Chief Financial Officer

Kerry Sharp

Head of the Scottish Investment Bank

549 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 develops technical, commercially viable, digitally enabled wind-powered solutions.

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 develops technical, commercially viable, digitally enabled wind-powered solutions.

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.

448 Studio

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

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.

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.

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 Bioscience

Venture Round in 2022
Axol Bioscience Ltd. is a biotechnology company based in Little Chesterford, United Kingdom, specializing in human cell culture systems and custom services for disease modeling and drug discovery. The company produces a variety of human cells, including induced pluripotent stem cell (iPSC)-derived cells such as cardiomyocytes, neural stem cells, and dopaminergic neuron progenitors, as well as primary cells like endothelial and muscle cells. In addition to cell products, Axol offers critical reagents, including cell culture media, coating solutions, and growth factors. The company provides services such as iPSC reprogramming, differentiation, genome editing, and custom cell sourcing, catering to researchers who wish to utilize patient-derived samples. Axol's offerings also encompass disease models for conditions like Alzheimer's and Parkinson's diseases. Its products and services are distributed internationally, reaching markets in North America, Europe, and Asia. Incorporating a commitment to innovation, Axol operates from the Chesterford Research Park in Cambridge, UK, since its incorporation in 2012.

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 produces locally-adapted mycorrhizal fungi to enhance tree planting success.

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 develops new technologies which can harness the power of waves – and accelerate the transition to a zero-carbon world.

Good-Loop

Series A in 2022
Good-Loop converts advertising money into funding for social causes in a way that makes online advertising more effective, more rewarding and more ethical. We distribute video ads across our network of quality online publishers. The Good-Loop ad player will never auto-play or interrupt but if you choose to, you can opt-in to watch an advert and then donate 50% of the advertisers' money to your chosen social cause. But Good-Loop isn't just good for the world, it's also good for the advertisers' bottom line. The average completed view rate on YouTube is 30% and on Good-Loop it’s 61% – over double the engagement, for the same price. Good-Loop was part of the Collider Startup Accelerator Program 2017, and winner for their 2017 Demo Day - http://collider.io/

Valneva

Grant in 2022
Valneva SE is a biotechnology company focused on developing and commercializing vaccines for infectious diseases that lack effective solutions. It offers two commercial vaccines for travelers: IXIARO/JESPECT, which prevents Japanese encephalitis, and DUKORAL, aimed at preventing cholera and certain types of diarrhea. The company is also advancing a pipeline of vaccines, including a candidate targeting Lyme disease and a single-shot vaccine for chikungunya. Valneva operates in several countries, including Austria, Canada, France, Sweden, the United Kingdom, and the United States. Established in 1999 and headquartered in Nantes, France, Valneva collaborates with Dynavax Technologies Corporation to enhance vaccine development efforts, particularly in response to COVID-19.

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 is a digital legacy vault, securely holding valuable life information including account details, documents, post-life wishes, memories and more.

Verlume

Venture Round in 2022
Verlume offers a suite of products and services across the underwater, offshore, and onshore sectors, helping clients to reduce carbon footprint and decarbonize operations.

Talking Medicines

Venture Round in 2022
Talking Medicines Limited is a data technology company based in Glasgow and London that specializes in capturing and structuring the patient voice regarding medications. Utilizing advanced artificial intelligence, machine learning, and natural language processing, the company collects data from real-world conversations, social media, and connected devices to understand patient behaviors and sentiments. Its flagship application, Medsmart, gathers insights on how and why individuals take their medications. Talking Medicines offers a suite of solutions, including a real-world persona data service for ongoing updates, a digital focus group tool for surveys and A/B testing, and custom solutions tailored to specific pharmaceutical needs. The company primarily serves the pharmaceutical and healthcare sectors, helping them measure patient confidence and identify trends to enhance marketing strategies. Established in 2013 and initially known as Virtual Genie Limited, the company rebranded in December 2015.

Aberdeen Harbour Board

Debt Financing in 2022
Aberdeen Harbour has world-class facilities and bold plans for the future that make us the port of choice for your business. Their knowledge and experience, extensive supply chain and strategic location means they can provide innovative solutions to fit the needs of their customers.

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 provides charging infrastructure solutions for electric vehicles worldwide. The company offers on-street flat and flush electric vehicle charging points. Trojan Energy Limited was incorporated in 2016 and is based in Stonehaven, United Kingdom.

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
Proteus is a work management automation platform designed from the ground-up by diversified energy industry professionals to help the industry digitally transform and transition to a low carbon future. It brings together talent acquisition, project management and finance into one cloud-based hub. A powerful engine of integration for your business which brings data from third party software like Microsoft 365, Google Workspaces and ERP to provide real-time project oversight, powering accurate, consistent work and driving operational efficiency and increased profitability: work. simplified.

Sentinel Subsea

Seed Round in 2021
Sentinel Subsea specializes in providing advanced passive integrity monitoring solutions for subsea infrastructure and equipment. Sentinal Subsea developed WellSentinel, a method of monitoring and managing the integrity of subsea wells, wellheads, and Xmas trees.

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 is a developer of novel medicinal products intended to restore health and prevent bacterial infections. The company's offerings include developing and advancing novel microbiome modulating drugs composed of bacterial communities derived directly from the human gastrointestinal tract associated with imbalances of bacteria in the human gut, enabling physicians to prevent and treat debilitating infections and diseases.

Trojan Energy

Series A in 2021
Trojan Energy Limited provides charging infrastructure solutions for electric vehicles worldwide. The company offers on-street flat and flush electric vehicle charging points. Trojan Energy Limited was incorporated in 2016 and is based in Stonehaven, United Kingdom.

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 operates as a video conferencing company. Aveni uses AI and natural language processing to help advisers to connect, engage and digitally serve clients with a range of new automated features - from CRM automation to live risk monitoring and adviser prompts.

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.

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.

Boundary

Seed Round in 2021
Boundary Technologies Ltd designs and develops smart burglar alarm system that can be controlled with their mobile devices. The company offers a central hub for monitoring and controlling all connected devices, motion sensors, application software for the system, door and window contact, outdoor sounder, and smart home integrations. The company was incorporated in 2018 and is based in Edinburgh, United Kingdom.

Changingday

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

Red61

Venture Round in 2021
Red61 Limited is a ticketing software and consultancy provider based in Edinburgh, United Kingdom, serving clients in the United Kingdom, Australia, Ireland, and Abu Dhabi. The company specializes in offering ticketing solutions for festivals, events, venues, and ticket agencies, with its flagship product being VIA, a system designed to manage high-volume ticket sales across festivals and multi-site networks. Founded by Box Office Manager Tony Davey and software designer Peter McNaught, Red61 emerged from a desire to transform the ticketing industry by addressing the common frustrations faced by organizations with existing suppliers. The company's focus is on fostering long-term collaborative relationships with clients, ensuring that their needs are met effectively.

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 Technologies

Venture Round in 2021
Sofant Technologies Ltd is a company based in Edinburgh, United Kingdom, that specializes in designing and licensing smart antenna and tunable RF solutions for smartphone and tablet manufacturers. Founded in 2011, Sofant focuses on developing innovative antenna and RF micro-electro-mechanical systems (MEMS) technologies. Its product offerings include compact smart antennas, adaptive impedance matching modules, and various RF MEMS components such as capacitors and phase shifters. The company aims to address challenges related to power consumption and heat management in high-frequency phased array antenna systems, providing low-cost solutions that enhance mobile device performance.

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 tools for digital forensics in law enforcement. Its tools are prepared to extract digital fingerprints from an existing database of contraband; and used to scan seized computers, hard drives, and media devices (or forensic images of them) for contraband, as well as deliver results from those devices. The company’s tools provide results that allow forensic analysts to focus their investigative efforts on devices that yield useful evidence; avoid wasting time on devices that do not contain anything incriminating; and detailed evidence for use in court. The company was founded in 2016 and is based in Edinburgh, United Kingdom.

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 integrates with any form of marketing to make it shoppable. FMCG / CPG marketing does a great job of helping shoppers choose products. But it does a bad job of helping them buy them. Adimo makes life easier by time-shifting the fuss of buying, allowing shoppers to add products directly to their online grocery basket for later purchase.

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
Proteus is a work management automation platform designed from the ground-up by diversified energy industry professionals to help the industry digitally transform and transition to a low carbon future. It brings together talent acquisition, project management and finance into one cloud-based hub. A powerful engine of integration for your business which brings data from third party software like Microsoft 365, Google Workspaces and ERP to provide real-time project oversight, powering accurate, consistent work and driving operational efficiency and increased profitability: work. simplified.

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
Category growth for CPG leaders delivering digital shelf analytics and insights to the world's leading brands.

Bio-Images Drug Delivery

Venture Round in 2020
Bio-Images Drug Delivery Ltd offers drug delivery systems. The company is based in Glasgow, United Kingdom.

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 ticketing software and consultancy provider based in Edinburgh, United Kingdom, serving clients in the United Kingdom, Australia, Ireland, and Abu Dhabi. The company specializes in offering ticketing solutions for festivals, events, venues, and ticket agencies, with its flagship product being VIA, a system designed to manage high-volume ticket sales across festivals and multi-site networks. Founded by Box Office Manager Tony Davey and software designer Peter McNaught, Red61 emerged from a desire to transform the ticketing industry by addressing the common frustrations faced by organizations with existing suppliers. The company's focus is on fostering long-term collaborative relationships with clients, ensuring that their needs are met effectively.

Mocean Energy

Seed Round in 2020
Mocean Energy develops new technologies which can harness the power of waves – and accelerate the transition to a zero-carbon world.

UserTesting

Grant in 2020
UserTesting is an on-demand human insights platform that enables organizations to make informed, customer-centric business decisions. The platform allows brands to target specific customer audiences, create and execute studies, and engage in live conversations to gather valuable feedback and reactions. By facilitating usability testing with a broad panel of users, UserTesting helps companies capture meaningful insights that can be compiled into video reels for easy sharing across their organizations. This process aids in enhancing the customer experience, fostering brand loyalty, and ultimately driving revenue growth.

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.

Optoscribe

Debt Financing in 2020
Optoscribe Limited develops and manufactures 3D light waveguides for optical telecommunications markets. It offers ultra-low crosstalk multicore fiber fanout products that provide connection between single-mode fibers and multi-core fibers; channel devices; 3D MMux photonic lantern that provide an interface between multi-mode and single-mode technologies; and FCX, a glass interface, which enables simple coupling to arrays of emitters or receivers, including VCSELs/PDs or PICs. The company was founded in 2010 and is headquartered in Livingston, United Kingdom.

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 Resolution

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 light communications technology company based in Edinburgh, United Kingdom, that specializes in Li-Fi, a visible light communication technology. This innovative approach utilizes the visible light spectrum for wireless data transmission instead of traditional radio frequencies. The company offers a range of products, including Li-1st, which facilitates the development and testing of visible light communication applications using existing LED infrastructures. Other offerings include Li-Flame, a secure wireless networking solution, and the Li-Fire Platform, which provides versatile wireless network capabilities through visible light. Additionally, pureLiFi produces devices such as LiFi-XC, which includes an access point and USB dongle, enabling networked and secure communications across various operating systems. The applications of pureLiFi's technology span multiple sectors, including healthcare, aviation, transportation, and smart lighting, addressing needs such as RF spectrum relief and location-based services. Founded in 2012, the company was previously known as pureVLC Ltd. before rebranding in 2013.

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 Limited operates as a recruitment agency that acts as a mediator between its clients and candidates and provides hiring services according to the needs of its clients. Amiqus Limited was formerly known as Alexander Mann Technology (Northwest) Limited and changed its name to Amiqus Limited in February, 2003. The company was founded in 2000 and is headquartered in Warrington, United Kingdom. Amiqus Limited operates as a subsidiary of Alexander Mann Associates Limited.

Speech Graphics

Debt Financing in 2020
Speech Graphics Ltd provides procedural facial animation solutions to the entertainment industry. The company offers SGX, a production software solution that processes audio files and transcripts into facial animation. Its animations feature in various productions ranging from AAA video games to music videos, and are used in communication, training, and more. The company was founded in 2010 and is based in Edinburgh, United Kingdom.

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.

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.
Asklepios BioPharmaceutical is a biotechnology company developing adeno-associated virus (AAV) gene therapies for genetic disorders and other rare diseases. It offers proprietary AAV technology, manufacturing capabilities, and a robust pipeline of in-house clinical programs for clients in the medical biopharmaceutical industry. Its pipeline includes clinical-stage programs in Pompe disease and congestive heart failure and a diverse preclinical portfolio of therapeutics targeting neuromuscular, CNS, and other diseases, as well as out-licensed clinical indications for hemophilia and Duchenne muscular dystrophy. The company’s gene therapy platform includes Pro10, an industry-leading proprietary cell line manufacturing process, and an extensive AAV capsid, and promoter library. Asklepios BioPharmaceutical was founded in 2001 and is headquartered in Research Triangle Park, North Carolina.

Sofant Technologies

Venture Round in 2020
Sofant Technologies Ltd is a company based in Edinburgh, United Kingdom, that specializes in designing and licensing smart antenna and tunable RF solutions for smartphone and tablet manufacturers. Founded in 2011, Sofant focuses on developing innovative antenna and RF micro-electro-mechanical systems (MEMS) technologies. Its product offerings include compact smart antennas, adaptive impedance matching modules, and various RF MEMS components such as capacitors and phase shifters. The company aims to address challenges related to power consumption and heat management in high-frequency phased array antenna systems, providing low-cost solutions that enhance mobile device performance.
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