Scottish Investment Bank

The Scottish Investment Bank is a public body supporting economic growth in Scotland. It facilitates finance for small to medium-sized businesses, focusing on sectors such as renewable energy, technology, life sciences, and creative industries. The bank works closely with portfolio companies to strengthen management teams and accelerate growth.

Reuben Aitken

Managing Director, International Operations

Rhona Allison

Managing Director, Business Growth

Michael Cannon

Head of Grants Appraisal

Victoria Carmichael

Commercial Director

Steve Dunlop

Chief Executive

Adrian Gillespie

Chief Executive and Board Member

Mark Hallan

Global Director, Strategic Relationships

Linda Hanna

Managing Director

Jane Martin

Managing Director of Innovation and Investment

Jim McFarlane

Managing Director of Operations

Jan Robertson

Head of Investment Management, Growth Investments

Kerry Sharp

Director of Entrepreneurship and Investment

Nick Shields

Head of Business Support Services

Charlie Smith

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

Susan Armes

Senior Investment Manager

684 past transactions

Ace Aquatec

Venture Round in 2025
Ace Aquatec is a technology company serving the aquaculture and marine industries. It develops and supplies environmentally accountable equipment, including acoustic marine mammal deterrents, in-water humane electrical fish stunning systems, biomass estimation using underwater three-dimensional cameras, and sea lice removal and destruction systems. The company aims to accelerate the adoption of responsible marine practices by combining data-enabled devices with welfare-focused technology, supporting safer, more sustainable fish farming and offshore operations. As a global supplier, it is headquartered in Dundee, Scotland, United Kingdom, with additional offices in Canada, serving customers worldwide.

CSignum

Series A in 2025
CSignum is a technology company that focuses on wireless communication solutions for ocean industries. It has developed a unique system that uses low-frequency electromagnetic waves to transmit data across the water-air boundary, enabling frequent and automated collection of crucial oceanic data such as temperature, salinity, and currents. This technology supports precision aquaculture, enhancing offshore fish farming and fish production. Additionally, CSignum offers solutions for the digitization of subsea assets, providing actionable insights to optimize operations in the ocean industry.

Moblyze

Seed Round in 2025
Moblyze is a talent marketplace app designed for the energy transition sector. It connects energy workers with on-demand career opportunities through an intuitive platform that allows users to customize job preferences and swipe through relevant postings.

Green Bioactives

Grant in 2025
Green Bioactives is a sustainable biomanufacturing company that uses plant cell culture technology to produce plant-derived biomolecules. By cultivating vascular stem cells, it creates rare botanical compounds with higher effectiveness, durability, and environmental benefits, providing industries with reliable, scalable, and eco-friendly sources of natural materials.

Mask Logic

Grant in 2025
Mask Logic is a manufacturer specializing in personalized protective face masks designed for comfort and safety. Their products aim to enhance workplace health and safety by providing respiratory protection against airborne hazards.

Aurora Avionics

Seed Round in 2025
Aurora Avionics is a manufacturer focused on air and spacecraft, particularly in the development of launch vehicles. The company specializes in creating flexible and modular avionics platforms, which include essential electrical systems for flight and fault-tolerant hardware. Aurora Avionics aims to provide standardized and universal control systems, facilitating procurement for space agencies and enhancing the efficiency of launch-vehicle development.

Lentitek

Seed Round in 2025
Lentitek is a cell and gene therapy company focused on developing innovative treatments for cancer patients. The company is dedicated to making advanced therapeutics more accessible by enhancing the production of lentiviral vectors, which are essential for gene therapies. Lentitek employs a proprietary method that utilizes a novel promoter and a triple transfection production process to significantly increase viral yields by tenfold or more. This approach not only improves the efficiency of lentiviral production but also aims to lower production costs for healthcare providers, thereby broadening the availability of its therapies to a larger patient population.

Airglove Medical

Seed Round in 2025
Airglove Medical specializes in manufacturing and distributing innovative medical devices. Their flagship product, the Airglove, is a skin warming device that uses LED technology and magnification to enhance vein visibility, facilitating easier and more accurate venipuncture procedures. The device is designed to integrate seamlessly with existing healthcare systems, offering a USB-powered, multi-voltage option for use in various clinical settings, including the NHS.

uFraction8

Venture Round in 2025
uFraction8 specializes in scalable bioprocessing technology for efficient biomass filtration, separation, and dewatering. Its innovative method is applicable to various microbes like microalgae, yeast, and bacteria, offering a harm-free and flocculant-free alternative to traditional centrifuges, filters, and membranes.

ESG360°

Grant in 2025
ESG360° is an online tool for integrating ESG data and targets into business. They help large businesses gather and interpret primary value chain data in order to promote informed decision-making for effective risk reduction and opportunity capitalization.

United Kingdom Testing and Certification

Grant in 2025
United Kingdom Testing and Certification provides end-to-end testing, inspection and fire certification services for the construction sector and passive fire product manufacturers in the United Kingdom. It conducts fire resistance, reaction-to-fire and smoke leakage testing, with technical reporting and third-party certification to verify safety compliance and the credible performance of building materials and passive fire products.

Highland Heritage Woodworks

Grant in 2025
Highland Heritage Woodworks engages in timber industry, dedicated to demonstrating the untapped potential of locally-sourced timber.

Sisaltech

Seed Round in 2025
Sisaltech is a company that specializes in producing sustainable building insulation made from sisal, a natural fiber derived from the Agave plant. This material is durable, biodegradable, and has a low environmental impact during production. The company's primary business is to provide eco-friendly insulation solutions to the construction industry, offering a low-carbon alternative to traditional insulation materials. Sisaltech's products are designed to be easy to install, completely recyclable, and made with low-carbon materials, enabling clients to enhance safety and comfort while reducing their carbon footprint.

Dyneval

Grant in 2025
Dyneval specializes in developing portable technology for analyzing cattle semen dynamics at the nano- and micro-scale. Its equipment enables accurate characterization of particles and microorganisms, enhancing reliability in health and biotech sectors.

Scotmas Group

Venture Round in 2025
Scotmas Group is a chemical manufacturing company that supplies products for agriculture, healthcare, vertical farming, and related sectors. It specializes in chlorine dioxide solutions and dosing systems, providing tailored chemical solutions to its clients.

Kaly Group

Seed Round in 2024
Kaly Group is a company focused on seaweed farming, dedicated to providing nature-based solutions to significant environmental challenges. It operates its own farms to cultivate seaweed, producing biostimulants and other products derived from this sustainable resource. The company serves various industries, delivering cultivated seaweed for use in food, animal feed, and fertilizers. Furthermore, Kaly Group integrates its operations vertically, allowing clients to utilize bio-based feedstock as alternatives in the manufacturing of plastics, cosmetics, pharmaceuticals, and textiles. With a commitment to exploration and innovation, Kaly Group combines its diverse interests to address pressing ecological issues through sustainable practices.

Bettii Pod

Seed Round in 2024
Bettii Pod is a pioneering FemTech start-up that creates a one-of-a-kind menstruation cup and disc washer for use in public restroom stalls.Bettii Pod's primary product, the menstrual cup/disc washer, is a step forward in normalizing discussions about menstruation and increasing availability to eco-friendly menstrual choices.

Concinnity Genetics

Seed Round in 2024
Concinnity Genetics specializes in enhancing the safety of gene therapies. It employs an artificial intelligence platform to engineer innovative control mechanisms, making gene therapies more predictable, controllable, and safe. This enables researchers to swiftly design and optimize gene therapies for diverse applications.

Biotangents

Venture Round in 2024
Biotangents Ltd. is a biotechnology company based in Glasgow, United Kingdom, specializing in the design and construction of biological pathways to produce desirable natural materials. Founded in 2015, Biotangents utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from multiple DNA components. The company has developed notable technologies such as Short Sequence Randomisation and Moduleic Sensing, the latter of which focuses on modular cell-free nucleic acid detection. Biotangents is also engaged in creating a veterinary diagnostic device aimed at detecting various infectious diseases in livestock. This device utilizes isothermal amplification technology, allowing for precise molecular detection without extensive technical requirements, and can be swiftly adapted to target new pathogens. Through its innovations, Biotangents strives to mitigate the impact of infectious diseases in livestock, enabling more efficient production of animal protein.

Cytomos

Venture Round in 2024
Cytomos Limited, established in 2011 and based in Edinburgh, United Kingdom, specializes in developing advanced cell sorting devices for laboratory research and clinical diagnostics. The company is known for its patented Dielectric Spectroscopy (CDS) technology, which enables label-free cell analysis with single-cell resolution. This innovative approach provides comprehensive insights into bioprocesses, facilitating automated and quantitative assessments crucial for biomedical research. Cytomos' systems are designed to support biopharma and cell therapy applications by offering deep data analysis per cell, thereby enhancing phenotypic drug discovery and stem cell therapy. By leveraging machine learning algorithms, Cytomos provides researchers with the tools necessary to optimize cell-based diagnostics and ensure accurate dosing in therapeutic contexts.

Novosound

Venture Round in 2024
Novosound Ltd, founded in 2016 and based in Edinburgh, United Kingdom, specializes in the design and manufacture of innovative ultrasound sensors that address the limitations of traditional technology. As the first spin-out from the University of the West of Scotland, Novosound employs groundbreaking thin-film manufacturing techniques to create highly customizable and scalable ultrasound solutions. The company’s products are utilized across various sectors, including aerospace, oil and gas, industrial applications, as well as in medical, veterinary, and dental fields. By developing advanced imaging sensors, systems, and software, Novosound enhances high-resolution ultrasound imaging, thereby providing clients with improved capabilities in non-destructive testing and diagnostics.

Neuranics

Grant in 2024
Neuranics develops magnetic sensing technology for integration into health, fitness, and metaverse applications. Its proprietary spintronics sensors, powered by semiconductors, detect tiny magnetic impulses from the body, aiming to improve health monitoring equipment and human-machine interfaces.

Invizius

Venture Round in 2024
Invizius is a medical technology company focused on improving outcomes in extracorporeal blood treatments. It develops H-Guard, a hemocompatible coating designed to prevent foreign body reactions in the blood at the point of contact with medical devices used in dialysis, cardiopulmonary bypass, and extracorporeal membrane oxygenation. By reducing inflammatory and thrombotic complications associated with long-term dialysis and other extracorporeal circuits, Invizius aims to lower cardiovascular risk and improve patient safety during kidney replacement therapies and related procedures. Based in Edinburgh, United Kingdom, the company was established in 2018 and pursues additional applications in inflammatory and kidney-related conditions through its technology platform.

Triyit

Venture Round in 2024
Triyit Ltd. is a company based in Paisley, United Kingdom, that specializes in test marketing services, enabling brands to gather valuable feedback on products from target consumers before launch. Established in 2016, Triyit operates a product discovery club that offers members personalized selections of new products to sample at home, free of charge. The platform not only facilitates product trials for consumers but also provides brands with tools to analyze consumer preferences and optimize their marketing strategies. Through detailed product descriptions and lifestyle preferences, Triyit enhances market reach and supports companies in understanding their target audience better.

MiAlgae

Series A in 2024
MiAlgae is a microalgae production company that provides microalgal products rich in omega-3 fatty acids, proteins, and antioxidants for livestock feeds. It aims to replace fishmeal in animal food, including aquaculture, by producing nutrients from algae rather than wild catch. The company emphasizes sustainability through circular economy practices and wastewater remediation to lower production costs and reduce environmental impact. Founded in 2016 and based in Edinburgh, United Kingdom, MiAlgae pursues scalable, seafood-free sources of essential nutrients for livestock feeds.

Exergy3

Pre Seed Round in 2024
Exergy3, a spinout from the University of Edinburgh, specializes in energy storage solutions. It has developed a unique temperature energy storage technology that captures and stores excess green energy from the grid, converting it into ultra-high temperature heat. This heat is then used to displace fossil fuels in various industrial processes, thereby reducing carbon dioxide emissions. The company's solution is more cost-effective than alternatives like hydrogen carbon capture and storage, making it suitable for smaller or more remote processes.

Solasta Bio

Series A in 2024
Solasta Bio develops environmentally friendly biological pesticides and insect control products. Its portfolio includes neuropeptide-based solutions that effectively manage resistant pests, enabling farmers to enhance crop production sustainably.

ILC Therapeutics

Venture Round in 2024
ILC Therapeutics is a biotechnology company developing novel peptide therapeutics to modulate the innate immune system. Its focus includes treating cancer, atopic dermatitis, psoriasis, and more recently, COVID-19.

Rockit Tech

Grant in 2024
Heriot-Watt University's "Rockit" technology prevents unwanted leaks of greenhouse gases (methane, CO2), flammables, poisons, carcinogens (hydrocarbon gas, H2S, mercury vapour), and stored gases (hydrogen, CO2) from escaping into the atmosphere via dug wells.

HonuWorx

Seed Round in 2024
HonuWorx is a technology company specializing in autonomous subsea robotics. It develops unmanned marine systems designed to deploy and control robots for offshore work, reducing reliance on large manned vessels. The company's edge-cloud architected software platform enables real-time data sharing, collaboration, supervision, and control of robotic systems beyond line-of-sight. This technology lowers operational expenses and environmental impact by minimizing travel requirements offshore, facilitating sustainable commercialization of ocean resources.

Nandi Proteins

Convertible Note in 2024
Nandi Proteins Limited is a UK-based company, established in 2000 and spun out of Heriot Watt University in 2001. Formerly known as Nandi Biotechnology Limited, the company specializes in developing innovative technologies to enhance the functional properties of proteins used in food manufacturing and nutrition. Nandi Proteins focuses on improving common proteins such as whey, egg, and soy through patented processes that utilize controlled heat, time, and temperature. The company's goal is to lead the market in denatured protein technology, offering value-added protein products and pursuing strategic licensing agreements with industry partners. By leveraging its expertise, Nandi Proteins aims to deliver significant growth and provide manufacturers with the ability to enhance the physical characteristics and health benefits of food and beverage products while also enabling the cost-effective extraction of valuable components.

Metacarpal

Seed Round in 2024
Metacarpal develops body-powered bionic hand prostheses, including a fully mechanical design with variable grips and grip lock to secure holds. The technology provides intuitive control similar to traditional body-powered devices and offers multiple grip options to adapt to different objects, with a focus on expanding access to prosthetic solutions in developing regions.

Chromacity

Seed Round in 2024
Chromacity Ltd., founded in 2013, specializes in developing, manufacturing, and distributing wavelength tunable femtosecond lasers. Its products cater to life-sciences, spectroscopy, and engineering applications, serving customers globally. The company offers a range of lasers including Spark series for near-infrared wavelengths, Spark-OPO for tunable mid-infrared pulses, and custom OEM solutions optimized for specific applications.

Shot Scope Technologies

Series B in 2024
Founded in 2014, Shot Scope Technologies specializes in golf performance tracking technology. Its flagship product is Shot Scope, a smart wristband that automatically records sport performance metrics to help professional golfers identify areas for improvement.

Aveni

Series A in 2024
Aveni is a video conferencing company that utilizes artificial intelligence and natural language processing to enhance client engagement for financial advisors. Its platform features a GPT-powered AI assistant that automates various tasks, including CRM functions and live risk monitoring. By providing tools for identifying risks and improving compliance, Aveni enables advisors to streamline their operations, increase efficiency, and better serve their clients while meeting regulatory requirements.

University of Dundee Endowment

Grant in 2024
The University of Dundee is an esteemed educational institution located in Dundee, United Kingdom, recognized for its excellence in Biological Sciences, ranking among the best in the U.K. and internationally. The university manages an endowment fund, the earnings from which are directed towards supporting various academic initiatives, including scholarships, professorships, and fellowships. These funds also contribute to basic research and enhance both academic and public service programs. The endowment's assets are overseen by the university's executive management team, ensuring that the financial resources effectively support the institution's mission and strategic goals.

Mirna

Series A in 2024
Mirna is a veterinary diagnostics company that specializes in the development of veterinary disease testing technology.

ÅŒGI Bio

Seed Round in 2024
ÅŒGI Bio is a start-up company emerging from The University of Edinburgh, focused on transforming microbial cultivation and management. The company has developed a modular culturing system that aims to replicate traditional manual flask culturing methods. This innovative system consists of a base unit, which can be customized with retrofittable modules that allow users to add or remove features according to their specific measurement and control needs during the culturing process. By offering this flexible approach, ÅŒGI Bio seeks to enhance the efficiency and effectiveness of microbial research and applications.

Vector Photonics

Seed Round in 2024
Vector Photonics, based in Glasgow, Scotland, is a spin-out company from the University of Glasgow. It specializes in developing semiconductor laser technology for data communications and additive manufacturing, including metal and plastic printing. The company's innovation lies in photonic crystal surface-emitting lasers, which are low-cost and emit light from the top surface, facilitating easy packaging and integration into printed circuit boards (PCBs) and electronic assemblies. This enables various industries to adopt their semiconductor laser technology in daily operations.

Sofant Technologies

Venture Round in 2024
Founded in 2011, Sofant Technologies specializes in designing and licensing smart antenna and tunable RF solutions for smartphone and tablet manufacturers. Its offerings include compact smart antenna solutions, tunable impedance matching modules, RF MEMS capacitors, and phase shifters, aiming to enhance performance while reducing power consumption and heat.

SymphoMe

Grant in 2024
SymphoMe is an innovative music education platform designed to revolutionise the way music is taught and learned. Utilising advanced AI-driven multimodal music teaching technology, SymphoMe provides a personalised, engaging, and effective learning experience for music students and teachers alike.

Aurora Avionics

Pre Seed Round in 2024
Aurora Avionics is a manufacturer focused on air and spacecraft, particularly in the development of launch vehicles. The company specializes in creating flexible and modular avionics platforms, which include essential electrical systems for flight and fault-tolerant hardware. Aurora Avionics aims to provide standardized and universal control systems, facilitating procurement for space agencies and enhancing the efficiency of launch-vehicle development.

Heero Technologies

Convertible Note in 2024
Heero Technologies is an energy service company focused on simplifying the energy retrofit process for homeowners. The company has developed a platform that provides personalized recommendations for improving home energy efficiency. By addressing challenges such as the disruptions caused by invasive retrofit measures and confusion surrounding financing options, Heero Technologies aims to enhance the user experience. This approach enables lenders and installers to differentiate their services and integrate renewable technologies within privately owned properties, ultimately contributing to reduced emissions and streamlined energy improvements.

ULEMCo

Venture Round in 2024
ULEMCo Limited is a company based in Liverpool, United Kingdom, that specializes in developing hydrogen hybrid combustion technology for commercial vehicles. Founded in 2014, ULEMCo focuses on retrofitting diesel transit vans to operate on hydrogen, effectively converting them to hydrogen dual-fuel systems. The company's innovations extend beyond standard vehicles, as it is also engaged in late-stage research and development of zero-emission hydrogen engines and fuel cell vehicles. This includes specialized applications for heavy-duty vehicles such as ambulances, fire engines, refuse trucks, tow-tugs, and road sweepers. ULEMCo's technology aims to reduce air pollution and promote cleaner transportation in the automobile industry.

Nami Surgical

Seed Round in 2024
Nami Surgical specializes in developing and providing advanced robotic surgery technology. Their core offering is ultrasonic surgical tools designed to enhance the current robotic-assisted surgery market. By simplifying and making procedures safer, they expand the use of robots in surgeries requiring ultrasonic devices, thereby improving clinical outcomes and patient care. Their solutions provide surgeons with intuitive, high-performance, and maneuverable instruments for complex surgical tasks.

Nebu-Flow

Venture Round in 2024
Nebu-Flow is a manufacturer focused on the development of advanced inhaled drugs aimed at patients with respiratory disorders. The company specializes in innovative pulmonary drug-delivery technology that allows for efficient administration of difficult-to-nebulize medications directly to the lungs. This includes existing formulations as well as emerging therapeutics such as biologics, nanomedicines, and vaccines. Nebu-Flow's technology is designed to control droplet size for optimal deep lung deposition, facilitating injection-free systemic drug delivery through inhalation. The company is dedicated to minimizing its environmental impact while ensuring the creation of a user-friendly and high-performing nebulizer for effective treatment of respiratory diseases.

Glen Clova Scientific

Seed Round in 2024
Glen Clova Scientific is focused on developing a new generation of active biological drugs that aim to form natural antibodies against harmful targets. The company's innovative approach enhances the quality of treatment for chronic diseases by minimizing the need for safety monitoring and reducing the frequency of dosing. This not only helps to lower the overall cost of treatment for patients but also expands access to healthcare in markets with limited infrastructure. Through its advancements in biologic drug development, Glen Clova Scientific seeks to improve patient outcomes and provide effective therapeutic options.

Phlo

Venture Round in 2024
Phlo is a digital pharmacy based in London, England, established in January 2019 by Nadeem Sarwar. The company specializes in delivering NHS and private prescriptions directly to patients, focusing on both repeat and acute prescriptions. Phlo's platform allows users to create accounts, manage their medical records, receive prescriptions, and request medications online. By leveraging technology and analytics, Phlo aims to enhance the patient experience, offering real-time, on-demand delivery that saves time and eliminates the need for in-person visits to pharmacies. The service is designed to provide a safe and secure way for patients to access prescription and over-the-counter medications from the comfort of their homes.

EnteroBiotix

Series B in 2024
EnteroBiotix develops orally available microbial therapeutics derived from human gastrointestinal tract bacteria. Its focus is preventing and treating diseases by restoring gut microbiota balance.

Bright Ascension

Convertible Note in 2024
Bright Ascension Ltd. is a software and hardware development company dedicated to the space industry, founded in 2011 and headquartered in Dundee, United Kingdom. The company specializes in creating a unified software platform and tool suite that facilitates the efficient integration of diverse space systems, ranging from satellites to service delivery. By utilizing a library of components rather than a one-size-fits-all approach, Bright Ascension aims to lower the total cost of ownership for its clients while unlocking the potential of the space sector. Its products and services are designed to provide complete end-to-end solutions for space missions, supporting the next generation of space systems and applications.

SMASH

Seed Round in 2024
SMASH exploits a gap in the creative industries and transforms the way content is pitched and discovered. 
SMASH introduces standardised pitch tools and easily accessed sales projections. It equips content creators with a new generation of digital tools including a Pitch Builder, Pitch Protector, Sales Estimator, Automated Legal Templates and Talent Discoverer on one easy-to-use platform. SMASH launches in the film & TV industries before moving into web series, short-form content, music videos, VR, games.

Staffscanner

Grant in 2024
Staffscanner Outstaffing digital agency

QuickBlock

Seed Round in 2024
QuickBlock is a manufacturer of modular building systems made from recycled plastic, providing an eco-friendly alternative to traditional concrete blocks. The company's innovative flat-packed building blocks are designed for use in various temporary construction projects, including defense and military applications, agricultural buildings, shelter sheds, and other structures. By utilizing recycled materials, QuickBlock enables users to reduce costs while also promoting environmental sustainability in the construction industry.

ITZA

Grant in 2024
ITZA is a digital learning platform that offers incentives, personalized data, and motivational, sustainability-focused content to support self-directed learning. It provides e-learning tools including quizzes and virtual teaching and collaborates with schools and universities around the world, delivering digital learning media and programs aimed at teens and learners of all ages, enabling independent study and helping users pursue their interests with greater knowledge and confidence.

ITZA

Venture Round in 2024
ITZA is a digital learning platform that offers incentives, personalized data, and motivational, sustainability-focused content to support self-directed learning. It provides e-learning tools including quizzes and virtual teaching and collaborates with schools and universities around the world, delivering digital learning media and programs aimed at teens and learners of all ages, enabling independent study and helping users pursue their interests with greater knowledge and confidence.

Kingdom Technologies

Grant in 2024
Kingdom Technologies Ltd. is a company that specializes in the development and manufacture of robotic lawn mowers designed specifically for large terrains. Founded in 2018 and headquartered in Glasgow, United Kingdom, Kingdom Technologies focuses on creating innovative solutions for lawn maintenance, leveraging advanced robotics technology. The company's products aim to enhance efficiency and convenience in managing extensive outdoor spaces.

ilosta

Venture Round in 2024
Ilosta specializes in developing novel technology to reduce the cost, time, and dangers associated with monitoring the health of engineering structures and extending their lifespan without requiring human intervention.

Tymor Marine

Grant in 2024
Tymor Marine is a maritime technology and naval architecture consulting firm.

Flock Mobility

Grant in 2024
Flock Mobility, a UK-based B2B cleantech company, specialises in optimising electric vehicle (EV) fleets for shared transport services. Backed by the European Space Agency, Flock's AI-driven platform enhances vehicle utilisation, routing, and booking, empowering operators to reduce emissions, lower costs, and improve mobility access.

Sellmyartworks

Venture Round in 2024
SellmyArtworks is to buy and sell pre-loved artwork in a simple, fast, and affordable way like no other pre-owned art seller.

Carcinotech

Seed Round in 2024
Carcinotech is a pioneering company in cancer research, specializing in the manufacturing of 3D-printed micro-tumors derived from patient biopsies, primary cells, immune cells, and cancer stem cells. The company aims to enhance the drug screening process and facilitate pre-clinical and personalized medicine testing, ultimately accelerating the delivery of more effective cancer treatments to market. By employing advanced techniques in tissue engineering, robotic manufacturing, and stringent quality control, Carcinotech produces highly predictive, assay-ready printed tumors that reflect the heterogeneity of individual cancers. This innovative approach provides clinicians with models of "clinical biopsy" quality, significantly improving the accuracy of cancer treatment assessments. Collaborating with global partners, including leading pharmaceutical companies and medical professionals, Carcinotech is committed to transforming oncology drug development and increasing the likelihood of successful outcomes for cancer patients.

Aurum Biosciences

Venture Round in 2024
Aurum Biosciences develops innovative pharmaceuticals focused on acute medical conditions with high unmet needs. Its lead product, ABL101, is an oxygen carrier combined with proprietary MRI analysis software for treating acute ischemic stroke, currently in preclinical development.

Flowcopter

Grant in 2024
Flowcopter is currently enabling long-range, big payload logistics. Providing a strong platform for humanitarian and environmental applications that can operate in the most harsh environments.

Intelligent Growth Solutions

Series C in 2024
Intelligent Growth Solutions Ltd is a company that specializes in developing and providing advanced vertical farming technology for indoor food production. Founded in 2013 and based in Dundee, United Kingdom, the company offers a plug-and-play solution that includes an indoor vertical farming demonstration facility. This facility features an Internet of Things (IoT)-enabled power and communications platform, incorporating patented electrical, electronic, and mechanical technologies. Intelligent Growth Solutions is committed to creating optimal growing environments for plants and enhancing user experience through continuous innovation and effective design.

Trojan Energy

Venture Round in 2024
Founded in 2016, Trojan Energy specializes in providing electric vehicle charging infrastructure solutions worldwide. The company offers on-street flat and flush charging points, addressing the challenge faced by vehicle owners without off-street parking.

Medical Device Manufacturing Centre

Grant in 2023
Medical Device Manufacturing Centre provides medical device developers and manufacturers with the advice, technical expertise, and facilities essential for companies that are seeking to translate medical device concepts into commercial products.

LIND

Seed Round in 2023
LIND is a company specializing in battery storage solutions. It aims to reduce carbon emissions by utilizing unique patented technology to store green electricity.

Ingenious Audio

Venture Round in 2023
Ingenious Audio Ltd is a Scottish company based in Edinburgh, specializing in the design and manufacture of audio electronics. Founded in 2010, the company is known for its innovative product, the invisible guitar cable. This compact plug-in device transforms traditional analogue audio products, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. By enabling wireless connections for existing guitars and amplifiers, Ingenious Audio allows users to utilize wireless effect pedals for the first time. The system facilitates seamless connections to Wi-Fi-enabled PCs, eliminating the need for costly recording and audio effects equipment while enabling users to share audio over the internet.

Glox Therapeutics

Seed Round in 2023
Glox Therapeutics specializes in developing precision antibiotic therapies derived from naturally occurring bacteriocins. Their focus is on targeting and eliminating specific, hard-to-treat gram-negative bacterial pathogens that are resistant to traditional antibiotics. By preserving the patient's microbiome, their approach aims to minimize side effects and provide a more balanced treatment strategy, thereby advancing the field of antimicrobial therapy.

Mocean Energy

Venture Round in 2023
Mocean Energy develops technologies to harness wave power and accelerate the transition to a zero-carbon future. Based in Edinburgh, United Kingdom, the company designs an energy converter with a power take-off mechanism that converts wave kinetic energy into electricity, enabling reliable, affordable renewable power for subsea applications such as control systems, remotely operated vehicles, and autonomous underwater vehicles.

Trojan Energy

Grant in 2023
Founded in 2016, Trojan Energy specializes in providing electric vehicle charging infrastructure solutions worldwide. The company offers on-street flat and flush charging points, addressing the challenge faced by vehicle owners without off-street parking.

Beta Bugs

Venture Round in 2023
Beta Bugs specializes in insect genetics, developing high-performance Black Soldier Fly breeds for insect farmers. Headquartered at Easter Bush Campus, it collaborates with the Roslin Institute to enhance productivity in the insect protein sector.

Cyacomb

Venture Round in 2023
Cyacomb is a software company specializing in digital forensics. It develops innovative tools to help law enforcement agencies swiftly locate and block harmful online content, including illegal material used by criminals like pedophiles and terrorists.

Heero Technologies

Seed Round in 2023
Heero Technologies is an energy service company focused on simplifying the energy retrofit process for homeowners. The company has developed a platform that provides personalized recommendations for improving home energy efficiency. By addressing challenges such as the disruptions caused by invasive retrofit measures and confusion surrounding financing options, Heero Technologies aims to enhance the user experience. This approach enables lenders and installers to differentiate their services and integrate renewable technologies within privately owned properties, ultimately contributing to reduced emissions and streamlined energy improvements.

Trickle

Seed Round in 2023
Trickle is an employee engagement and well-being platform that enables open and honest communication within large organizations. It collects day-to-day feedback, concerns, and suggestions from employees, routes them to management, and provides insights to improve collaboration, foster a sense of value, and create a healthy, productive workplace.

Krucial (formerly R3 IoT Limited)

Seed Round in 2023
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.

Microplate Dx

Seed Round in 2023
Microplate Dx develops innovative diagnostic technology aimed at reducing fatalities caused by drug-resistant infections. The company, spun out from the University of Strathclyde in Glasgow, focuses on creating point-of-care solutions that accurately detect specific infections and enable optimal antibiotic prescribing within an hour.

Ossur

Grant in 2023
Ossur is a global leader in the development, manufacturing, distribution, and marketing of high-technology orthotic and prosthetic devices. Headquartered in Reykjavik, Iceland, the company operates U.S. sales and marketing from Aliso Viejo, California, with additional offices in Vancouver, Canada; Uppsala, Sweden; and Eindhoven, Netherlands. Ossur is committed to enhancing the quality of life for individuals with mobility challenges, dedicating 6-8 percent of its revenue to medical technology research and development. The company also offers extensive educational resources through the Ossur Academy and actively engages in community outreach initiatives and partnerships with non-profit organizations.

Recycl8

Grant in 2023
Recycl8 is a company focused on reducing carbon emissions in the construction industry by transforming incinerator bottom ash (IBA) into a low-carbon concrete solution. By collaborating with the waste-to-energy and construction sectors, Recycl8 aims to divert IBA from landfills and repurpose it in concrete manufacturing. This innovative process not only helps concrete producers lower their carbon footprints but also supports broader climate goals. Through its environmentally conscious approach, Recycl8 contributes to sustainable construction practices while addressing the challenges of waste management.

Adimo

Venture Round in 2023
Adimo streamlines the purchasing process by integrating shopping functionality into various digital marketing channels. Its platform enables consumers to add products directly to their online grocery baskets for later purchase, enhancing convenience and reducing friction in the buying journey.

IOTech

Venture Round in 2023
IOTech Systems Limited specializes in developing and deploying open and secure software edge platforms tailored for the Industrial Internet of Things (IIoT). The company addresses critical challenges in IoT deployments, such as latency, network bandwidth, reliability, and security, which traditional cloud-only models cannot effectively manage. IOTech offers a scalable, software-defined compute infrastructure that allows applications and services to be orchestrated locally across various domains. Central to its offerings is EdgeX Foundry, an open-source edge software platform that promotes interoperability among devices, applications, and services. Additionally, IOTech provides Edge Xpert, a commercial-grade platform designed for IIoT edge computing, which includes full support and maintenance subscriptions. Their services encompass onboarding partner software, operational technology integration, platform testing, and tailored training solutions. Established in 2017 and headquartered in Newcastle upon Tyne, United Kingdom, IOTech aims to enhance the deployment speed of IoT systems while minimizing integration costs for its partners across diverse market sectors.

ENOUGH

Series C in 2023
ENOUGH is a company that develops and commercializes patented technology for producing mycoprotein, a meat-free food product. Its innovative process integrates production within existing bio-refineries, creating a sustainable and efficient system that produces Food, Fuel, and Feed simultaneously.

Bio-Images Drug Delivery

Venture Round in 2023
Bio-Images Drug Delivery Ltd, based in Glasgow, United Kingdom, specializes in drug formulation and delivery systems. The company offers a comprehensive range of services tailored to meet individual client needs, including troubleshooting, formulation development, and both in vitro and in vivo testing. Bio-Images is known for its patented time release technology, OralogiK, which provides precise control over drug release timing and location, allowing for the oral delivery of single, multi-dose, or combination drugs within a timeframe of one to twelve hours after ingestion. This technology supports various dosing strategies, such as nighttime administration and multi-phased delivery, which enhance therapeutic efficacy. Additionally, the company employs gamma scintigraphy to analyze the in vivo behavior of formulations, offering insights into disintegration timing, gastric emptying, and gastrointestinal transit. Bio-Images also features a clinical division that manages all aspects of clinical study processes, from protocol development and regulatory submissions to the production of compliant clinical study reports.

Cytomos

Series A in 2023
Cytomos Limited, established in 2011 and based in Edinburgh, United Kingdom, specializes in developing advanced cell sorting devices for laboratory research and clinical diagnostics. The company is known for its patented Dielectric Spectroscopy (CDS) technology, which enables label-free cell analysis with single-cell resolution. This innovative approach provides comprehensive insights into bioprocesses, facilitating automated and quantitative assessments crucial for biomedical research. Cytomos' systems are designed to support biopharma and cell therapy applications by offering deep data analysis per cell, thereby enhancing phenotypic drug discovery and stem cell therapy. By leveraging machine learning algorithms, Cytomos provides researchers with the tools necessary to optimize cell-based diagnostics and ensure accurate dosing in therapeutic contexts.

Allied Vehicles

Grant in 2023
Allied Vehicles offers a wide collection of special purpose vehicles and automotive for people with disabilities.

Rapscallion Soda

Venture Round in 2023
Rapscallion Soda operates as an independent craft soft drink producer.

Administrate

Venture Round in 2023
Administrate Limited is a cloud-based training management solution provider based in Edinburgh, United Kingdom, with an additional office in Bozeman, Montana. Established in 2007, the company offers a comprehensive platform designed to streamline training operations for various organizations, including training companies, corporate training departments, and educational institutions. Its primary offerings include CORE, a training management system, a Learning Management System for eLearning, and WEB, which facilitates automatic course listings and online booking. Administrate's solutions are adaptable, enabling users to integrate existing eLearning tools while managing diverse training programs, from executive education to adult learning. The platform emphasizes operational efficiency and data-driven decision-making, allowing organizations to better align their training initiatives with overall business objectives. Its services are utilized both in the United Kingdom and internationally, reflecting its global reach in the training sector.

Exergy3

Grant in 2023
Exergy3, a spinout from the University of Edinburgh, specializes in energy storage solutions. It has developed a unique temperature energy storage technology that captures and stores excess green energy from the grid, converting it into ultra-high temperature heat. This heat is then used to displace fossil fuels in various industrial processes, thereby reducing carbon dioxide emissions. The company's solution is more cost-effective than alternatives like hydrogen carbon capture and storage, making it suitable for smaller or more remote processes.

Carbogenics

Seed Round in 2023
Carbogenics Ltd is a company based in Edinburgh, United Kingdom, that specializes in developing sustainable solutions for agriculture and waste management. Founded in 2016, Carbogenics focuses on converting disposable coffee cups and other non-recyclable paper-based waste into plant fertilizer through an innovative low-carbon process. The company produces CreChar, a carbon additive that enhances biogas production and promotes plant growth, ultimately benefiting farmers by improving crop yields and profitability. In addition to its product offerings, Carbogenics provides consultancy and analytical services tailored for anaerobic digestion plant operators, addressing customer inquiries via phone, email, and online applications.

Pneumagen

Venture Round in 2023
Founded in 2016 and spun out from the University of St Andrews, Pneumagen focuses on developing glycan-targeted carbohydrate-binding modules (CBMs) for treating respiratory tract infections and cancer.

Manus Neurodynamica

Venture Round in 2023
Founded in 2008, Manus Neurodynamica specializes in medical diagnostic technologies for neuromotor impairments. Its primary product is a non-invasive device designed to support early diagnostics and monitoring of Parkinson's disease, with applications in academic research, pharmaceutical studies, and non-medical uses.

IbisVision

Venture Round in 2023
IbisVision Limited is a company that specializes in developing visual field test software aimed at the early detection of glaucoma, a leading cause of blindness. Its flagship product, Ring of Sight, utilizes patented technology to offer a unique eye testing experience through a cloud-based application that can be accessed remotely from various locations. The software consolidates multiple eye tests into one device, allowing healthcare professionals to conduct both in-practice and no-contact testing. This innovative approach not only enhances patient care but also supports optometrists in maximizing operational efficiency. Founded in 2013 and located in Livingston, United Kingdom, IbisVision is committed to improving eye care by providing a reliable and secure platform for diagnosing and monitoring glaucoma. The application ensures data privacy through secure encrypted servers, underscoring the company's dedication to maintaining high standards of patient confidentiality and security.

Liftango

Venture Round in 2023
Liftango is a global technology company that specializes in shared mobility solutions. It develops and operates on-demand shared transport systems, working with prominent organizations worldwide to plan, launch, and scale these programs. By optimizing public transportation networks and promoting sustainable travel options, Liftango helps reduce carbon emissions and contributes to a more climate-positive future.

Heero Technologies

Seed Round in 2023
Heero Technologies is an energy service company focused on simplifying the energy retrofit process for homeowners. The company has developed a platform that provides personalized recommendations for improving home energy efficiency. By addressing challenges such as the disruptions caused by invasive retrofit measures and confusion surrounding financing options, Heero Technologies aims to enhance the user experience. This approach enables lenders and installers to differentiate their services and integrate renewable technologies within privately owned properties, ultimately contributing to reduced emissions and streamlined energy improvements.

Solasta Bio

Grant in 2023
Solasta Bio develops environmentally friendly biological pesticides and insect control products. Its portfolio includes neuropeptide-based solutions that effectively manage resistant pests, enabling farmers to enhance crop production sustainably.

Solasta Bio

Seed Round in 2023
Solasta Bio develops environmentally friendly biological pesticides and insect control products. Its portfolio includes neuropeptide-based solutions that effectively manage resistant pests, enabling farmers to enhance crop production sustainably.

WhiteHaul

Grant in 2023
WhiteHaul is a technology company specializing in telecommunications, focused on delivering gigabit-capable broadband speeds to Internet Service Providers (ISPs). By utilizing innovative spectrum aggregation technology, WhiteHaul enables the establishment of high-speed, long-distance backhaul links. This capability permits ISPs to offer affordable and reliable internet access, particularly in rural and challenging terrains. The company's solutions aim to enhance connectivity and bridge the digital divide, ensuring that underserved regions can attain high-speed internet services.

ETZ

Grant in 2023
ETZ is a pioneer in the field of net zero energy transition and a net exporter of goods, services, technology, and expertise.

Merck

Grant in 2023
Merck is a German multinational chemical and pharmaceutical company founded in Darmstadt in 1668. It operates in three core segments: Life Science, supplying laboratory reagents, consumables and instruments; Electronics, providing specialty materials for semiconductor and display manufacturing; and Healthcare, developing and selling branded pharmaceuticals with notable focus in oncology, multiple sclerosis and fertility. The company serves customers worldwide across Europe, Africa, Asia, Oceania and Latin America. In the United States and Canada, the brand operates under a separate umbrella reflecting its historical separation from Merck & Co., which remains a separate entity outside Europe. Merck engages in global research, development, production and collaboration to bring new technologies and medicines to market.
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