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

Interim CEO

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

Past deals in Scotland

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.

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.

Sunamp

Series A in 2020
Sunamp Ltd. specializes in the design, production, and sale of innovative heat battery systems aimed at efficient thermal energy storage. The company offers a range of products, including the UniQ heat batteries for upgrading hot water and heating systems, SunampPV for converting excess solar energy into heat for on-demand hot water, and SunampStack for optimizing renewable heat sources like air source heat pumps. Additionally, Sunamp is developing the SunampCube for large-scale community and commercial heat storage, as well as solutions for the automotive sector. Founded in 2006 and headquartered in Macmerry, Scotland, Sunamp employs phase change materials to deliver compact, stable, and cost-effective energy storage solutions suitable for both residential and industrial applications.

Sunamp

Venture Round in 2020
Sunamp Ltd. specializes in the design, production, and sale of innovative heat battery systems aimed at efficient thermal energy storage. The company offers a range of products, including the UniQ heat batteries for upgrading hot water and heating systems, SunampPV for converting excess solar energy into heat for on-demand hot water, and SunampStack for optimizing renewable heat sources like air source heat pumps. Additionally, Sunamp is developing the SunampCube for large-scale community and commercial heat storage, as well as solutions for the automotive sector. Founded in 2006 and headquartered in Macmerry, Scotland, Sunamp employs phase change materials to deliver compact, stable, and cost-effective energy storage solutions suitable for both residential and industrial applications.

Pneumagen

Venture Round in 2020
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.

Skylark Lasers

Venture Round in 2020
Skylark Lasers, operating under the name UniKLasers Ltd., specializes in the manufacture and marketing of single frequency diode pumped solid-state lasers. Founded in 2013 by Professor Fedor Karpushko, the company is headquartered in Edinburgh, Scotland, where it houses its main office, research and development, and manufacturing facilities. UniKLasers is committed to innovation in the laser technology sector, utilizing its proprietary BRaMMS technology to produce lasers that emit light with exceptional purity and true single frequency operation. Since its inception, the company has experienced significant growth, attracting private and venture capital investments, receiving support from Scottish Enterprise, and earning multiple awards from Innovate UK.

Skylark Lasers

Venture Round in 2020
Skylark Lasers, operating under the name UniKLasers Ltd., specializes in the manufacture and marketing of single frequency diode pumped solid-state lasers. Founded in 2013 by Professor Fedor Karpushko, the company is headquartered in Edinburgh, Scotland, where it houses its main office, research and development, and manufacturing facilities. UniKLasers is committed to innovation in the laser technology sector, utilizing its proprietary BRaMMS technology to produce lasers that emit light with exceptional purity and true single frequency operation. Since its inception, the company has experienced significant growth, attracting private and venture capital investments, receiving support from Scottish Enterprise, and earning multiple awards from Innovate UK.

Ingenious Audio

Venture Round in 2020
Ingenious Audio Ltd is a Scottish startup that specializes in designing and manufacturing audio electronics. Founded in 2010 and headquartered in Edinburgh, the company has developed an innovative product known as the invisible guitar cable. This compact plug-in device transforms traditional analogue audio equipment, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. The invisible guitar cable facilitates wireless connections between existing guitars and amplifiers, allowing users to utilize wireless effect pedals for the first time. Additionally, it enables seamless connections to any Wi-Fi-enabled PC, effectively replacing the need for costly recording and audio effects equipment. This technology also allows for the sharing of audio over the internet, enhancing the versatility of audio production and performance.

CuanTec

Venture Round in 2019
CuanTec Ltd is a Scottish biotechnology company based in Motherwell, specializing in the production of biodegradable plastic films for the food industry. Founded in 2016, CuanTec utilizes a sustainable approach by extracting chitin from waste generated by the fisheries sector, particularly from langoustines sourced from the pollution-free waters of the North Atlantic. This extraction is achieved through a low-energy fermentation process that employs harmless bacteria, resulting in a high-quality product with minimal waste. The company’s compostable and antimicrobial bioplastics serve as an environmentally friendly alternative to conventional packaging, aiming to reduce plastic pollution and food waste while extending the shelf life of fresh food. By employing a circular economy model, CuanTec effectively transforms marine waste into valuable packaging solutions.

Machine Labs

Seed Round in 2019
Machine Labs Limited is a software company based in Edinburgh, Scotland, founded in 2018. It specializes in developing data-driven marketing solutions that enhance advertising and database marketing efforts. The company's software leverages machine learning to ensure marketing messages are relevant, helping businesses deliver the right offers to interested consumers at optimal times. In addition to its software solutions, Machine Labs provides resources for marketing training, including lab notes, a help center, and API documentation, aimed at supporting users in maximizing the effectiveness of their marketing campaigns.

LendingCrowd

Debt Financing in 2019
LendingCrowd is a fintech lending platform based in Scotland, established in 2014 by CEO Stuart Lunn. It specializes in providing peer-to-peer lending solutions to small and medium-sized businesses across the UK, facilitating their access to essential funding. The platform utilizes advanced technology developed by its team in Edinburgh to connect businesses with a diverse community of individual and institutional lenders, including notable partners like the Scottish Investment Bank and NIBC. LendingCrowd's offerings are characterized by simple and low-cost lending options that provide flexibility, straightforward security arrangements, and minimal ongoing administration costs, allowing businesses to secure loans quickly and efficiently while offering investors opportunities for returns.

Skylark Lasers

Venture Round in 2019
Skylark Lasers, operating under the name UniKLasers Ltd., specializes in the manufacture and marketing of single frequency diode pumped solid-state lasers. Founded in 2013 by Professor Fedor Karpushko, the company is headquartered in Edinburgh, Scotland, where it houses its main office, research and development, and manufacturing facilities. UniKLasers is committed to innovation in the laser technology sector, utilizing its proprietary BRaMMS technology to produce lasers that emit light with exceptional purity and true single frequency operation. Since its inception, the company has experienced significant growth, attracting private and venture capital investments, receiving support from Scottish Enterprise, and earning multiple awards from Innovate UK.

Skylark Lasers

Venture Round in 2018
Skylark Lasers, operating under the name UniKLasers Ltd., specializes in the manufacture and marketing of single frequency diode pumped solid-state lasers. Founded in 2013 by Professor Fedor Karpushko, the company is headquartered in Edinburgh, Scotland, where it houses its main office, research and development, and manufacturing facilities. UniKLasers is committed to innovation in the laser technology sector, utilizing its proprietary BRaMMS technology to produce lasers that emit light with exceptional purity and true single frequency operation. Since its inception, the company has experienced significant growth, attracting private and venture capital investments, receiving support from Scottish Enterprise, and earning multiple awards from Innovate UK.

Sunamp

Series A in 2018
Sunamp Ltd. specializes in the design, production, and sale of innovative heat battery systems aimed at efficient thermal energy storage. The company offers a range of products, including the UniQ heat batteries for upgrading hot water and heating systems, SunampPV for converting excess solar energy into heat for on-demand hot water, and SunampStack for optimizing renewable heat sources like air source heat pumps. Additionally, Sunamp is developing the SunampCube for large-scale community and commercial heat storage, as well as solutions for the automotive sector. Founded in 2006 and headquartered in Macmerry, Scotland, Sunamp employs phase change materials to deliver compact, stable, and cost-effective energy storage solutions suitable for both residential and industrial applications.

Scottish EDGE

Venture Round in 2018
Scottish EDGE is a competition aimed at identifying and supporting Scotland’s up-and-coming, innovative, high-growth potential entrepreneurial talent. The company believes that it’s important to support entrepreneurs and start-up businesses in any way we can. Scottish EDGE also recognizes that supporting businesses isn’t a one-off thing. From providing prize funding of up to £150,000 to a quick catch-up, we’re here for the long haul. Are you in? Let’s get down to business.

LendingCrowd

Venture Round in 2018
LendingCrowd is a fintech lending platform based in Scotland, established in 2014 by CEO Stuart Lunn. It specializes in providing peer-to-peer lending solutions to small and medium-sized businesses across the UK, facilitating their access to essential funding. The platform utilizes advanced technology developed by its team in Edinburgh to connect businesses with a diverse community of individual and institutional lenders, including notable partners like the Scottish Investment Bank and NIBC. LendingCrowd's offerings are characterized by simple and low-cost lending options that provide flexibility, straightforward security arrangements, and minimal ongoing administration costs, allowing businesses to secure loans quickly and efficiently while offering investors opportunities for returns.

Skylark Lasers

Venture Round in 2017
Skylark Lasers, operating under the name UniKLasers Ltd., specializes in the manufacture and marketing of single frequency diode pumped solid-state lasers. Founded in 2013 by Professor Fedor Karpushko, the company is headquartered in Edinburgh, Scotland, where it houses its main office, research and development, and manufacturing facilities. UniKLasers is committed to innovation in the laser technology sector, utilizing its proprietary BRaMMS technology to produce lasers that emit light with exceptional purity and true single frequency operation. Since its inception, the company has experienced significant growth, attracting private and venture capital investments, receiving support from Scottish Enterprise, and earning multiple awards from Innovate UK.

Ryboquin

Venture Round in 2017
Ryboquin™ uses its expertise to turn under-developed intellectual property ideas into viable commercial realities. Founded in Scotland, Ryboquin Ltd is a privately held, virtual pharmaceutical company focused on commercialising patented technologies in the area of human cancer medicine. Founded in Scotland, Ryboquin is a privately held, virtual pharmaceutical company focused on commercializing patented technologies in the area of human cancer medicine.

Blazing Griffin

Series A in 2017
Blazing Griffin is an independent digital entertainment company based in Scotland, founded in 2011. Originally established as a game development studio, it has since expanded into a multifaceted organization that includes game development, film production, and television post-production services. With a team of 25 professionals located in Edinburgh and Glasgow, Blazing Griffin provides clients with comprehensive entertainment solutions, utilizing advanced post-production technology to enhance their projects. The company's diverse offerings allow it to cater to a wide range of digital entertainment needs, from creating engaging video games to delivering high-quality film and television content.

CuanTec

Seed Round in 2016
CuanTec Ltd is a Scottish biotechnology company based in Motherwell, specializing in the production of biodegradable plastic films for the food industry. Founded in 2016, CuanTec utilizes a sustainable approach by extracting chitin from waste generated by the fisheries sector, particularly from langoustines sourced from the pollution-free waters of the North Atlantic. This extraction is achieved through a low-energy fermentation process that employs harmless bacteria, resulting in a high-quality product with minimal waste. The company’s compostable and antimicrobial bioplastics serve as an environmentally friendly alternative to conventional packaging, aiming to reduce plastic pollution and food waste while extending the shelf life of fresh food. By employing a circular economy model, CuanTec effectively transforms marine waste into valuable packaging solutions.

FINDRA

Seed Round in 2016
FINDRA is a Scottish brand specializing in high-performance outdoor and adventure clothing for women. The company focuses on designing stylish and versatile apparel made from sustainable materials, including Italian sports merino wool, known for its natural wicking properties. FINDRA aims to inspire women to embrace an active and healthy lifestyle, enabling them to pursue outdoor adventures without sacrificing performance or style. Through its e-commerce platform, FINDRA encourages consumers to engage with nature and enhances their experience by providing functional yet fashionable clothing options.

Skylark Lasers

Venture Round in 2016
Skylark Lasers, operating under the name UniKLasers Ltd., specializes in the manufacture and marketing of single frequency diode pumped solid-state lasers. Founded in 2013 by Professor Fedor Karpushko, the company is headquartered in Edinburgh, Scotland, where it houses its main office, research and development, and manufacturing facilities. UniKLasers is committed to innovation in the laser technology sector, utilizing its proprietary BRaMMS technology to produce lasers that emit light with exceptional purity and true single frequency operation. Since its inception, the company has experienced significant growth, attracting private and venture capital investments, receiving support from Scottish Enterprise, and earning multiple awards from Innovate UK.

Caldan Therapeutics

Series A in 2015
Caldan Therapeutics Ltd is a biotechnology company that originated as a spinout from the University of Glasgow and the University of Southern Denmark. The company focuses on the development of novel therapeutics that target free fatty acid receptors, which play a significant role in the pathophysiology of metabolic diseases, particularly Type 2 Diabetes (T2D). Through a collaboration between Professor Graeme Milligan and Professor Trond Ulven, Caldan Therapeutics aims to address various aspects of T2D, including insulin secretion, insulin sensitivity, and islet cell protection. In addition to T2D, there is potential for the company's therapeutics to be applied in treating other conditions such as non-alcoholic steatohepatitis and inflammatory diseases.

Ingenious Audio

Venture Round in 2015
Ingenious Audio Ltd is a Scottish startup that specializes in designing and manufacturing audio electronics. Founded in 2010 and headquartered in Edinburgh, the company has developed an innovative product known as the invisible guitar cable. This compact plug-in device transforms traditional analogue audio equipment, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. The invisible guitar cable facilitates wireless connections between existing guitars and amplifiers, allowing users to utilize wireless effect pedals for the first time. Additionally, it enables seamless connections to any Wi-Fi-enabled PC, effectively replacing the need for costly recording and audio effects equipment. This technology also allows for the sharing of audio over the internet, enhancing the versatility of audio production and performance.

Sunamp

Seed Round in 2015
Sunamp Ltd. specializes in the design, production, and sale of innovative heat battery systems aimed at efficient thermal energy storage. The company offers a range of products, including the UniQ heat batteries for upgrading hot water and heating systems, SunampPV for converting excess solar energy into heat for on-demand hot water, and SunampStack for optimizing renewable heat sources like air source heat pumps. Additionally, Sunamp is developing the SunampCube for large-scale community and commercial heat storage, as well as solutions for the automotive sector. Founded in 2006 and headquartered in Macmerry, Scotland, Sunamp employs phase change materials to deliver compact, stable, and cost-effective energy storage solutions suitable for both residential and industrial applications.

Alphabet Babies

Venture Round in 2015
Alphabet Babies offers its users with downloadable teaching resources for literacy, numeracy, and science for children from one to six years. It develops the skills of alphabetic knowledge, phonological awareness, print awareness, and oral language through fun and playful exploration. Babies, toddlers, and preschoolers explore sounds and letters through games, puppets, dramas, books, and songs. It also includes lesson plans, letters for parents, puppet templates, and instructional videos. The company is bestowed with numerous awards such as Scottish EDGE winner for December 2013 and Scottish Business Awards for Social Entrepreneur of the Year. Alphabet Babies is a Scotland-based company that was founded by Alexis Viswanathan.

Relitect

Seed Round in 2015
Relitect Limited engages in developing a technology for the detection of binding events, which can be used for the analysis of proteins, small molecules, and nucleic acids for clinical diagnostics and life sciences industries. The company was incorporated in 2014 and is based in Motherwell, United Kingdom.

Sumerian

Venture Round in 2013
Sumerian, originally known as Sumerian Europe Limited, was founded in 2001 and is based in Edinburgh, United Kingdom. The company specializes in IT operations and service management, offering services designed to improve operational IT capacity planning for enterprises. Its primary product, Capacity Planning as a Service (CPaaS), delivers insights into current IT infrastructure capacity, forecasts potential future issues, and enables organizations to model and assess the impact of changes. Sumerian's solutions focus on optimizing costs, managing risks associated with IT services, and facilitating complex infrastructure changes, such as technology transformations and data center consolidations. By utilizing advanced IT operational analytics, Sumerian assists companies in achieving significant performance gains and cost reductions, thereby supporting their growth and operational efficiency. As of August 2018, Sumerian operates under the name ITRS Scotland Limited as a subsidiary of ITRS Group Ltd.

Ingenious Audio

Venture Round in 2013
Ingenious Audio Ltd is a Scottish startup that specializes in designing and manufacturing audio electronics. Founded in 2010 and headquartered in Edinburgh, the company has developed an innovative product known as the invisible guitar cable. This compact plug-in device transforms traditional analogue audio equipment, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. The invisible guitar cable facilitates wireless connections between existing guitars and amplifiers, allowing users to utilize wireless effect pedals for the first time. Additionally, it enables seamless connections to any Wi-Fi-enabled PC, effectively replacing the need for costly recording and audio effects equipment. This technology also allows for the sharing of audio over the internet, enhancing the versatility of audio production and performance.

Albagaia

Venture Round in 2012
Albagaia Ltd is a British environmental technology company specialising in the environmentally-sound destruction of micro-organisms and harmful organic compounds.

Touch Bionics

Venture Round in 2011
Touch Bionics Limited, located in Livingston, Scotland, specializes in the development and marketing of advanced upper-limb prosthetics aimed at patients with upper-limb deficiencies. The company's notable products include the i-LIMB Hand, a multi-articulating bionic hand designed to assist amputees, and self-contained powered Prosthetic Digits, which offer functionality for individuals with partial hand loss. Additionally, Touch Bionics provides ProDigits, a solution for patients missing fingers. Their offerings extend to highly realistic passive functional prostheses, which are designed to closely resemble the natural appearance of the wearer. Touch Bionics distributes its innovative products across various regions, including the United States, Europe, Asia, and parts of South America and Africa. Established in 2003, the company was previously known as Touch EMAS Limited and rebranded in 2005. As of 2016, Touch Bionics operates as a subsidiary of Ossur Hf.

Ingenious Audio

Seed Round in 2011
Ingenious Audio Ltd is a Scottish startup that specializes in designing and manufacturing audio electronics. Founded in 2010 and headquartered in Edinburgh, the company has developed an innovative product known as the invisible guitar cable. This compact plug-in device transforms traditional analogue audio equipment, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. The invisible guitar cable facilitates wireless connections between existing guitars and amplifiers, allowing users to utilize wireless effect pedals for the first time. Additionally, it enables seamless connections to any Wi-Fi-enabled PC, effectively replacing the need for costly recording and audio effects equipment. This technology also allows for the sharing of audio over the internet, enhancing the versatility of audio production and performance.

NXVision

Venture Round in 2009
NXVision, based in Dunfermline, Scotland, was founded in August 2006 as Inxstor Ltd. The company specializes in digital media software, focusing on innovative solutions for video content delivery. It has developed proprietary technology that enables any Internet-connected device or mobile phone to access and display content from a home set-top box or Internet-connected television. NXVision has quickly established itself as a prominent supplier of set-top box applications, offering comprehensive place-shifting and sideloading solutions that ensure secure and efficient video streaming.

Adventi

Venture Round in 2009
Adventi was formed in 2002 by Graham Bucknall, the aim of the business was to provide IT support to small businesses that did not have their own IT support function. The target in the first year was sign up 60 clients. In 2003, the company acquired the IT support division of CVG, this was the first acquisition and expanded the business resulting in the company having operational bases in Edinburgh and Glasgow. It doubled the client base and by now was employing circa 30 people. In 2005, Adventi acquired Scotsys creating a business with a turnover of £16M. Adventi, already an accredited Microsoft Partner moved into new territory with Scotsys, a company providing Apple products through two retail outlets and supplying over 80% of Apple Mac computers into schools in Scotland. Scotsys also had a training business In 2007, the business now known as The Adventi Group acquires Integral Arm, a managed services business with circa 400 clients. Today, Adventi is a full service IT business providing a range of IT products, services and solutions to a client base in excess of 600 and growing. Our partnerships with some of the world’s leading IT business, such as Microsoft, Cisco, Apple, Steljes and HP results in a innovatively unique set of propositions unmatched in the UK..

NXVision

Venture Round in 2007
NXVision, based in Dunfermline, Scotland, was founded in August 2006 as Inxstor Ltd. The company specializes in digital media software, focusing on innovative solutions for video content delivery. It has developed proprietary technology that enables any Internet-connected device or mobile phone to access and display content from a home set-top box or Internet-connected television. NXVision has quickly established itself as a prominent supplier of set-top box applications, offering comprehensive place-shifting and sideloading solutions that ensure secure and efficient video streaming.

NXVision

Venture Round in 2006
NXVision, based in Dunfermline, Scotland, was founded in August 2006 as Inxstor Ltd. The company specializes in digital media software, focusing on innovative solutions for video content delivery. It has developed proprietary technology that enables any Internet-connected device or mobile phone to access and display content from a home set-top box or Internet-connected television. NXVision has quickly established itself as a prominent supplier of set-top box applications, offering comprehensive place-shifting and sideloading solutions that ensure secure and efficient video streaming.

Adventi

Venture Round in 2005
Adventi was formed in 2002 by Graham Bucknall, the aim of the business was to provide IT support to small businesses that did not have their own IT support function. The target in the first year was sign up 60 clients. In 2003, the company acquired the IT support division of CVG, this was the first acquisition and expanded the business resulting in the company having operational bases in Edinburgh and Glasgow. It doubled the client base and by now was employing circa 30 people. In 2005, Adventi acquired Scotsys creating a business with a turnover of £16M. Adventi, already an accredited Microsoft Partner moved into new territory with Scotsys, a company providing Apple products through two retail outlets and supplying over 80% of Apple Mac computers into schools in Scotland. Scotsys also had a training business In 2007, the business now known as The Adventi Group acquires Integral Arm, a managed services business with circa 400 clients. Today, Adventi is a full service IT business providing a range of IT products, services and solutions to a client base in excess of 600 and growing. Our partnerships with some of the world’s leading IT business, such as Microsoft, Cisco, Apple, Steljes and HP results in a innovatively unique set of propositions unmatched in the UK..
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