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

Susan Armes

Senior Investment Manager

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

Kerry Sharp

Director of Entrepreneurship and Investment

Charlie Smith

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

Past deals in Smart Cities

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.

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.

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.

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.

Sofant Technologies

Venture Round in 2022
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.

Bennu.ai

Grant in 2022
Bennu.ai is a manufacturer specializing in waste recycling bins. Their products and services aim to reduce carbon footprint, enhance recycling rates, and lower waste management costs for businesses. They achieve this through automated waste sorting, recycling data analysis, and AI-driven optimization of cleaning processes. Interested parties can inquire via the company's website.

Trojan Energy

Venture Round in 2022
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.

Trojan Energy

Series A in 2021
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.

Sofant Technologies

Venture Round in 2021
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.

Sofant Technologies

Venture Round in 2020
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.

Sunamp

Series A in 2020
Sunamp Ltd. specializes in designing, manufacturing, and selling heat batteries for various applications. Its products include UniQ Heat Batteries for hot water and heating systems, SunampPV for solar PV integration, SunampStack for optimizing renewable heat sources, and SunampCube for large-scale heat storage. Incorporated in 2005, the company is headquartered in Macmerry, United Kingdom.

Sunamp

Venture Round in 2020
Sunamp Ltd. specializes in designing, manufacturing, and selling heat batteries for various applications. Its products include UniQ Heat Batteries for hot water and heating systems, SunampPV for solar PV integration, SunampStack for optimizing renewable heat sources, and SunampCube for large-scale heat storage. Incorporated in 2005, the company is headquartered in Macmerry, United Kingdom.

Trojan Energy

Seed Round in 2020
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.

Zumo

Seed Round in 2020
Zumo believes everyone should have access to sustainable finance, and that blockchain has the power to deliver this globally. Its mission is to provide a better planet for digital assets, delivering sustainable, accessible and secure ways to unlock the benefits of web3. As an enterprise-focused digital-asset-as-a-service platform, Zumo’s turnkey, API-based infrastructure offers a fast, flexible and compliance-sensitive route to market, empowering fintechs, banks, asset managers and brands to offer their clients the tools of the future simply, securely and sustainably while also opening up new revenue streams, attracting new customers and supporting customer retention. A values-driven business, Zumo has underlined its commitment to a fairer society and a sustainable planet with an ambitious 2030 net zero strategy encompassing its own business; the blockchains it works with; and the wider digital asset ecosystem. Carbon-neutral since inception, the business is committed to ongoing collaboration in the decarbonisation of the digital assets industry. Zumo was an early signatory of the Crypto Climate Accord, the first digital asset business to receive UK government funding from the UK’s national innovation agency, Innovate UK, to further its applied work on the decarbonisation of digital assets, and is now a key contributor to industry guidance on the energy consumption of blockchain, working in tandem with the World Economic Forum and the OECD. Zumo’s infrastructure also powers the direct-to-consumer Zumo App, launched in the UK and registered with the Financial Conduct Authority (FCA).

Sofant Technologies

Venture Round in 2019
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.

Sunamp

Series A in 2018
Sunamp Ltd. specializes in designing, manufacturing, and selling heat batteries for various applications. Its products include UniQ Heat Batteries for hot water and heating systems, SunampPV for solar PV integration, SunampStack for optimizing renewable heat sources, and SunampCube for large-scale heat storage. Incorporated in 2005, the company is headquartered in Macmerry, United Kingdom.

Sofant Technologies

Venture Round in 2018
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.

Sofant Technologies

Venture Round in 2016
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.

Sunamp

Seed Round in 2015
Sunamp Ltd. specializes in designing, manufacturing, and selling heat batteries for various applications. Its products include UniQ Heat Batteries for hot water and heating systems, SunampPV for solar PV integration, SunampStack for optimizing renewable heat sources, and SunampCube for large-scale heat storage. Incorporated in 2005, the company is headquartered in Macmerry, United Kingdom.

Sofant Technologies

Venture Round in 2015
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.

Sofant Technologies

Seed Round in 2013
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.

Smarter Grid Solutions

Funding Round in 2013
Smarter Grid Solutions Ltd. is a prominent smart grid technology company based in Glasgow, United Kingdom, with additional offices in London and New York. Founded in 2008, the company specializes in developing and deploying active network management (ANM) products aimed at integrating Distributed Energy Resources (DER) into electricity grids. Its key offerings include ANM Strata, ANM 100, ANM 50, and CONNECT+, which facilitate the connection, control, and optimization of various DER types. These products enable electricity distribution companies to manage grid-connected resources effectively, supporting high renewable energy penetration and facilitating net-zero emission electricity. Additionally, Smarter Grid Solutions provides tools for capacity analysis and grid connection assessments, alongside consultancy services in strategic planning and smart grid training. The company collaborates with a range of power companies and utilities across the UK, Europe, and the US, contributing to both rural and urban smart grid projects.

Traak Systems

Venture Round in 2010
Traak Systems Ltd., founded in 2005 and based in Edinburgh, United Kingdom, specializes in real-time predictive analytics for intelligent mobility solutions. The company develops the Traak Analytics Platform, which delivers predictive analytics, and offers various tools including ONEtraak, a user-friendly dashboard and inquiry interface, RIGHTtraak, a solution for data review, audit, and cleansing, and ONtraak, which provides cloud hosting and related services. Traak Systems focuses on high-performance complex event processing tailored for the RFID and sensor network markets, utilizing optimized techniques to manage raw data efficiently and mitigate the risks of data overload associated with advanced technologies.
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