What stage does Scottish Co-Investment Fund invest at?

Scottish Co-Investment Fund invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.

What is Scottish Co-Investment Fund's typical check size?

Scottish Co-Investment Fund typically writes checks of $130K – $2.6M.

Does Scottish Co-Investment Fund lead rounds?

Scottish Co-Investment Fund typically participates in rounds rather than leading them.

Scottish Co-Investment Fund

Government fund

Pre-Seed–Growth · 6 people tracked

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Investment thesis

The Scottish Co-Investment Fund addresses an equity finance gap by investing alongside accredited co-investment partners on equal, commercial terms. It targets commercially viable, high-growth-potential Scottish SMEs with a significant operational presence in Scotland, from start-up and early stage through to expanding businesses developing products or markets. Deals are brought forward by partners, with the fund subscribing for shares and matching up to 50% of the total funding package. It is not sector-specific, though companies in well-served markets such as retail, hospitality, professional services, real estate and defence are generally ineligible unless they show disruptive or innovative models. Applicants must also have a net zero plan and demonstrate fair work principles.

Invests inAdvanced Manufacturing Climate Tech Data & Infrastructure Energy Healthtech Sector Agnostic Wellness & FitnessUnited Kingdom

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Growth

Check

$130K – $2.6M

Leads rounds

Follows

Instruments

Equity

Team · 6 people

from the firm's website

Adrian Gillespie· Chief Executive

Chief Executive of Scottish Enterprise, leading the agency's work to transform Scotland's economy. Previously Chief Commercial Officer at the University of Strathclyde and a longtime Scottish Enterprise executive; holds an accountancy degree and an MBA.

Gill McNeill· Chief People Officer of People, Digital and Communications

Leads the People, Digital and Communications function. Formerly Head of People Services at Virgin Money with senior HR roles at BAE Systems, Leidos and Lloyds Banking Group.

Jane Martin· Managing Director of Innovation and Investment

Leads Scottish Enterprise's innovation and investment work, sponsoring the Scaling Innovation mission focused on life sciences, industrial biotech, space, fintech, quantum, photonics and semiconductors. On the Executive Leadership Team since 2015.

Kerry Sharp· Chief Finance & Investment Officer

Scottish Enterprise's first Chief Finance & Investment Officer, overseeing financial governance and investment attraction. A qualified accountant and chartered banker who previously worked in venture capital and corporate banking, and has served on advisory boards including the London Co-investment Fund and Fintech Scotland.

Reuben Aitken· Managing Director, Energy Transition and International Operations

Leads Scottish Enterprise's international arm (Scottish Development International) and energy transition mission, managing a team across 34 locations. A former diplomat with energy and infrastructure policy experience.

Rhona Allison· Managing Director of Productivity and Business Growth

Leads Scottish Enterprise's support services for growth companies and sponsors the mission to drive capital investment. Has a life sciences background and previously set Scottish Enterprise's Life Science strategy.

Frequently asked questions

What stage does Scottish Co-Investment Fund invest at?: Scottish Co-Investment Fund invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
What is Scottish Co-Investment Fund's typical check size?: Scottish Co-Investment Fund typically writes checks of $130K – $2.6M.
What sectors does Scottish Co-Investment Fund focus on?: Scottish Co-Investment Fund focuses on Advanced Manufacturing, Climate Tech, Data & Infrastructure, Energy, Healthtech, Sector Agnostic, Wellness & Fitness.
Does Scottish Co-Investment Fund lead rounds?: Scottish Co-Investment Fund typically participates in rounds rather than leading them.

Images

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