# Scottish Enterprise

> Scottish Enterprise is a VC fund backing Biotechnology and Software. See 386 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Glasgow, United Kingdom
- Total investments: 386
- Last investment: Jul 2026
- Lead investor: 37%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/scottish-enterprise
- X (Twitter): http://twitter.com/scotent
- Website: http://www.scottish-enterprise.com/
- Facebook: https://www.facebook.com/scottishenterprise

Scottish Enterprise is a VC fund in Glasgow focused on Biotechnology and Software. Scottish Enterprise is Scotland's main economic development agency and a non-departmental public body of the Scottish Government. The firm wants to stimulate Scotland’s economic ambition – creating an innovative, high-wage and highly productive economy with a competitive, international market presence and a focus on high value opportunities.Scottish Enterprise partners with the public and private sectors to identify and exploit the best opportunities to deliver a significant, lasting effect on the Scottish economy.

## Contacts

5 contacts available for Scottish Enterprise. Shizune tracks 14 team members at Scottish Enterprise. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/scottish-enterprise?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $381k–$4.3M |
| Grant | $119k–$4.2M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Biotechnology | 50 | 13% |
| Software | 48 | 12% |
| Health Care | 42 | 11% |
| Manufacturing | 34 | 9% |
| Medical | 28 | 7% |

243 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 115 | 30% |
| Seed | 86 | 22% |
| Venture - Series Unknown | 43 | 11% |
| Funding Round | 42 | 11% |
| Series A | 32 | 8% |

13 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 235 | 61% |
| United States | 23 | 6% |
| Switzerland | 2 | 1% |
| Japan | 1 | 0% |
| France | 1 | 0% |

10 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Graeme Waddell | Board Member | 0 | https://shizune.co/investors/profile/graeme-waddell |
| Jim McDonald | Board Member | 3 | https://shizune.co/investors/profile/jim-mcdonald-3 |
| Adrian Gillespie | Chief Executive Officer | 5 | https://shizune.co/investors/profile/adrian-gillespie |
| David Hartley | Head of Creative Industries | 0 | https://shizune.co/investors/profile/david-hartley |
| David McHoul | Innovation Specialist | 0 | https://shizune.co/investors/profile/david-mchoul |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| QuickBlock | QuickBlock is a flat-packed, recycled plastic, modular building system that offers an alternative to traditional concrete blocks. | $1.3M | Venture - Series Unknown | Jul 23, 2026 |  |
| QuickBlock | QuickBlock is a flat-packed, recycled plastic, modular building system that offers an alternative to traditional concrete blocks. |  | Grant | Jul 23, 2026 |  |
| Cirrus Logic | Cirrus Logic, Inc. is a premier supplier of high-precision analog and digital signal processing components for audio and energy markets.Founded in 1984, Cirrus Logic excels at developing complex chip designs where feature integration and innovation is a premium. Cirrus Logic has more than 1,000 patents that are key to our more than 700 productsserving more than 2,500 end customers globally, through both direct and distributor-based channel sales. |  | Grant | Jul 23, 2026 |  |
| VASO By Eco | Vaso by Eco Manufacturing will create the panel for a four-bedroom house that will be built in four days. | $821.8K | Grant | Jun 30, 2026 |  |
| Aveni | Aveni is an award-winning technology company that specializes in Natural Language Processing for Financial Services and other highly regulated industries. Its team of world-leading scientists and engineers has developed a proprietary NLP pipeline that extracts context from customer conversations. This powers a range of transformative productfeatures, including automated compliance monitoring, the identification of vulnerable customers and performance management of call centre agents and advisers. | $16.1M | Series B | Jun 04, 2026 |  |
| Financial Regulation Innovation Lab (FRIL) | The Financial Regulation Innovation Lab (FRIL) is a joint venture between the Universities of Glasgow and Strathclyde, FinTech Scotland. | $4.3M | Grant | Jun 04, 2026 |  |
| Nebu-Flow | Nebu-Flow is a manufacturer of the next generation of inhaled drugs for patients with respiratory disorders. The company is a developer of the technology control of the droplet size for deep lung deposition by enabling injection-free systemic drug delivery through inhalation routes for cardiovascular and central nerve system disorders. Nebu-Flow iscommitted to minimizing the environmental impact of activities whilst continuing to create a user-friendly and high-performing Nebuliser. | $2.7M | Grant | Jun 03, 2026 |  |
| Northern Light Microscopy | Northern Light Microscopy's mission is to use cutting-edge imaging technology to enable life-science labs and businesses to unlock bioscience discoveries. | $1.4M | Pre-Seed | Apr 22, 2026 |  |
| Exergy3 | Exergy3 is an energy storage company that increases energy efficiency and reduces carbon dioxide emissions from industrial processes. It is a spinout from the University of Edinburgh. | $13.5M | Seed | Apr 21, 2026 |  |
| Regeno Energy | Regeno Resources accelerating the goal of clean energy with inexpensive, self-installing wind turbines. | $564.4K | Pre-Seed | Mar 20, 2026 |  |

10 of 386 investments shown.

## Co-investors
- [Kelvin Capital](https://shizune.co/investors/profile/kelvin-capital) — VC Fund, 51 deals together
- [Equity Gap](https://shizune.co/investors/profile/equity-gap) — VC Fund, 36 deals together
- [Old College Capital](https://shizune.co/investors/profile/old-college-capital) — VC Fund, 29 deals together
- [Par Equity](https://shizune.co/investors/profile/par-equity) — VC Fund, 26 deals together
- [TRICAPITAL](https://shizune.co/investors/profile/tweed-renaissance-investors-capital) — VC Fund, 26 deals together
- [SIS Ventures](https://shizune.co/investors/profile/sis-ventures) — VC Fund, 23 deals together

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## FAQ

### What does Scottish Enterprise invest in?

Scottish Enterprise invests primarily in Biotechnology, Software and Health Care startups, most often at Grant and Seed stage. Most of the 386 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Scottish Enterprise's check size?

Scottish Enterprise typically joins rounds of $381k–$4.3M at Seed and $119k–$4.2M at Grant. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Scottish Enterprise participates in.

### How do I contact Scottish Enterprise?

Public channels for Scottish Enterprise include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Scottish Enterprise?

The team at Scottish Enterprise includes Graeme Waddell (Board Member), Jim McDonald (Board Member) and Adrian Gillespie (Chief Executive Officer), among 14 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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