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 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.

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.

E.Fundamentals

Funding Round 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.

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
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.

Product Guru

Seed Round in 2019
Product Guru Ltd operates a product discovery platform that connects product suppliers with retail buyers in the United Kingdom. Established in 2018 and based in Glasgow, the platform enables suppliers from various categories, including fast-moving consumer goods, home, gifts, and travel, to showcase their offerings to potential buyers. Retail buyers can review and compare products, facilitating a more efficient purchasing process. The company recognizes the challenges faced by buyers in navigating the growing number of small, specialist suppliers and aims to streamline the product discovery process in the retail sector. In addition to its platform, Product Guru Ltd provides support services to enhance the user experience for both suppliers and buyers.

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.

MOFgen

Seed Round in 2016
MOFgen Ltd is an award winning VC-backed SME spin-out from the University of St Andrews and is the first company to commercialise MOFs for medical and therapeutic applications. The company’s patented technology was pioneered in the laboratories of world renowned porous material scientist Prof Russell Morris FRS within the School of Chemistry at St Andrews. With roots in the leading research group of its field, MOFgen is exploiting its strong IP and knowhow assets in the areas of MOF design, application, manufacturing and formulation to deliver cutting edge solutions to healthcare challenges. Through an ethos of innovation and collaboration, MOFgen works closely with its partners, to develop bespoke solutions to prevent healthcare associated infections, avoid bacterial resistance, heal chronic wounds and address arterial access.

CelluComp

Venture Round in 2016
CelluComp Ltd. is a material science company based in Burntisland, United Kingdom, that specializes in manufacturing biobased materials derived from waste streams of the food processing industry. The company has developed Curran, a high-performance material made from nano-cellulose fibers extracted from root vegetables. Curran is available in paste, slurry, and powder forms, and is used in various applications, including paints and coatings, paper, food, personal care, home care, cosmetics, concrete, and composites. CelluComp distributes its products across several regions, including the United Kingdom, Germany, the Netherlands, Poland, France, Spain, Portugal, the Middle East, and the United Arab Emirates. Founded in 2004, CelluComp focuses on sustainable resources, aiming to provide innovative solutions that reduce reliance on hydrocarbon feedstocks while offering cost-effective products for its clients.

CelluComp

Seed Round in 2013
CelluComp Ltd. is a material science company based in Burntisland, United Kingdom, that specializes in manufacturing biobased materials derived from waste streams of the food processing industry. The company has developed Curran, a high-performance material made from nano-cellulose fibers extracted from root vegetables. Curran is available in paste, slurry, and powder forms, and is used in various applications, including paints and coatings, paper, food, personal care, home care, cosmetics, concrete, and composites. CelluComp distributes its products across several regions, including the United Kingdom, Germany, the Netherlands, Poland, France, Spain, Portugal, the Middle East, and the United Arab Emirates. Founded in 2004, CelluComp focuses on sustainable resources, aiming to provide innovative solutions that reduce reliance on hydrocarbon feedstocks while offering cost-effective products for its clients.
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