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

Past deals in FMCG

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.

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.

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.

e.fundamentals

Convertible Note in 2020
Category growth for CPG leaders delivering digital shelf analytics and insights to the world's leading brands.

e.fundamentals

Funding Round in 2020
Category growth for CPG leaders delivering digital shelf analytics and insights to the world's leading brands.

GM Flow

Private Equity Round in 2020
GM Flow offer a range of flow measurement services and products, to the oil and gas industry.

Snappy Shopper

Seed Round in 2019
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.

e.fundamentals

Series A in 2019
Category growth for CPG leaders delivering digital shelf analytics and insights to the world's leading brands.

ENOUGH

Series A in 2018
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.

ENOUGH

Seed Round in 2017
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.

Adimo

Seed Round in 2017
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.