Scotland sees strongest year for venture capital deals since 2013
Scottish companies raised £60.9 million of venture capital in 2019, from 28 deals – an increase from the £58.4m raised in 2018 from 25 deals, research by Refinitiv shows.
The largest deal was for Edinburgh tech firm Purelifi, which raised £13.6m, followed by Current Health and Intelligent Growth Solutions, raising £8.9m and £5m respectively.
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Hide AdThe most active investors in Scotland were Scottish Enterprise Glasgow, which invested £18.6m in 15 deals. Par Equity followed up in second with seven deals, investing £4.8m, and Archangel Investors invested £2.2m in four deals.
Alan Whyte, Scotland country manager at Refinitiv, said: “It’s great to see that Scottish entrepreneurialism is booming with year-on-year increases for deal numbers and volumes. VC firms are preferring to spread their investments across a wider number of businesses.”