Fundraising Fox

Scottish National Investment Bank

Government fund

Edinburgh · Growth · 32 people tracked

Also known as Prec0110 Plc

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Investment thesis

The Bank operates as a mission-driven development investment bank for Scotland, providing patient, long-term capital to businesses, projects and communities to support a fairer, more sustainable economy. Beyond deploying its allocated public capital, it aims to attract additional private capital to invest alongside it in pursuit of its missions and to deliver broad mission impact across the Scottish economy.

Source: firm website, verified Aug 3, 2026.

Stage
Growth
Check
$1.3M
HQ
Edinburgh, GB
Instruments
Equity · Debt
Founded
2020
Tracked investments
53

Team · 32 people

from the firm's website & curated
Mark Munro· Chief Investment Officerin
Ailsa Young· Investment Directorin
Andy Clapp· Executive Director - Investment Portfolio Management
Jane Reoch· Executive Director - Investmentin
Jimmy Williamson· Executive Director - Investmentin
Nicola Douglas· Executive Director - Investmentin
Richard Skillen· Director - Investment Portfolio Managementin
Robin Tayal· Director - Net Zero
Susan Campbell· Director - Market Creation (Place)
Alison Talbot· Chief Risk Officer and General Counselin
Carolyn Jameson· Non-executive Director and Senior Independent Director
Craig Wood· Chief Financial Officerin
Gary Page· Non-executive Directorin
Jacqueline Redmond· Non-executive Director and Chair of Risk Management and Conflicts Committeein
Jason McGibbon· Non-executive Director and Chair of Investment Oversight and Valuations Committee
Jonathan Taylor· Non-executive Director
Nicola Pidgeon· Chief People Officer
Peter Knott· Non-executive Director and Chair of Audit Committee
Rishi Thapar· Executive Director - Head of Investment Riskin
Sandy MacDonald· Executive Director - Impact Assessment & Reportingin
Simon Wilson· Executive Director – Head of Compliance & MLROin
Tracey Ashworth-Davies· Non-executive Director and Chair of Remuneration and Nominations Committee
Willie Watt· Chair
Zara Diloo· Executive Director – Head of Investment Legal

What they invest in

from 26 of 53 portfolio companies

Cleantech ×8Energy ×7Climate Tech ×6Biotech ×5Healthtech ×5Medical Devices ×5SaaS ×5Deep Tech ×4

HQs:United Kingdom×20United States×2

Who they back

founder profiles across 10 portfolio companies
70%
solo founders
7 of 10 mapped founding teams

Founding team size:solo founder×72 founders×3

Investments · 53 tracked

founders shown can be your intro path
Nova Innovationnovainnovation.comin𝕏✓ verified

Nova Innovation develops offshore tidal and floating solar energy systems for renewable power generation.

CleantechClimate TechEnergyScotland, GB

Simon Forrest(Chief Executive Officer, Co-founder)Gary Connor(Chief Technical Officer, Co-founder)

Utopiutopi.co.ukin𝕏✓ verified

Utopi provides wireless IoT sensors and AI-powered analytics to monitor and optimize building performance in real estate, delivering real-time ESG data on energy use, moisture risk, and facility compliance.

AI & Machine LearningClimate TechEnergyIoTPropTechLondon, GB

Aquora
Ardersier Port
Aurora Energy Services
Biolibertybioliberty.comin

Bioliberty develops the Lifehub Clinic system, combining soft robotic wearables, gamified therapy, and AI insights to help clinicians deliver physical and occupational therapy to patients recovering from mobility issues such as stroke.

Digital HealthMedical DevicesRoboticsEdinburgh, GB

Rowan Armstrong(Founder)Shea Quinn(Founder)

Co-investorsBallad Ventures

Calciviscalcivis.com

CALCIVIS develops the CALCIVIS Imaging System, a chairside diagnostic device that provides real-time assessment of enamel demineralization and tooth decay activity to support preventive dentistry.

BiotechDigital HealthHealthtechMedical DevicesEdinburgh, GB

Gregory M. Sheehan(CEO)Jill McGregor(COO)Bruce Vernon(Co-founder & CTO)Peter Anthony Rees(Director)Adam Christie(Co-founder & CEO)James Jonathan Browning(Director)

Cumulus Oncologycumulusoncology.comin

Cumulus Oncology is a drug development company specializing in oncology therapeutics, leveraging experienced leadership with track records in new drug applications and successful M&A transactions.

BiotechHealthtechLongevityMedical Devices

Catherine(CEO)Clare Wareing(CEO)in

Co-investorsAlba EquityApollo Informal InvestmentEos Advisory

Cyacombcyacomb.comin

Cyacomb builds software, powered by its Contraband Filter technology, that rapidly identifies known illegal and harmful digital content on devices while reducing exposure to unrelated personal data.

CybersecurityGovTechSaaS

Chris Johnson(Chief Executive Officer)Alan McConnell(Chief Operating Officer)Martin Reynard(Chief Financial Officer)

Devilla Battery Energy Storage System
DITT Construction Ltd
Elasmogenelasmogen.com

soloMER anti-inflammatory drug designed to be delivered to specific sites in the body.

Co-investorsDeepbridge Capital

EnteroBiotixenterobiotix.comin𝕏Apr 2024

EnteroBiotix is a clinical-stage microbiome therapeutics company developing EBX-102-02, an orally delivered, full-spectrum microbiome drug for irritable bowel syndrome and other gastrointestinal and liver diseases.

BiotechHealthtechGlasgow

James Roger McIlroy(Executive Officer, Director)Melissa Strange(Executive Officer)inJames Barnes(Executive Officer)in

BoardDouglas Campbell Thomson(Director)Felix Andy Awili Olale(Director)Iain Baird(Director)

Co-investorsScottish Enterprise

Epidarex Capitalepidarex.com

Epidarex is a venture capital firm that invests equity in early-stage life science and health technology companies, particularly university spin-outs and startups in under-ventured research hubs across the UK and US.

BiotechHealthtechMedical Devices

Co-investorsEnterprise Capital Funds

FOR:EVforev.co.ukin𝕏

FOR EV designs, funds, installs, and manages EV charging infrastructure for organisations transitioning their vehicle fleets to electric, handling everything from site design to maintenance and optimisation.

CleantechEnergyMobility & Transportation

Forritforrit.comin

Forrit is a cloud-native content management platform built on Microsoft Azure that lets marketing and IT teams provision, deploy, and manage content with enterprise-grade security and compliance.

Cloud ComputingMarketing TechSaaSEdinburgh, GB

Peter Proud FRSE(Founder)

GoFibregofibre.co.uk𝕏

GoFibre is an independent broadband provider building full fibre networks to connect homes and businesses in rural towns and villages across Scotland and the north of England.

HardwareSaaS

Gresham House Forestry Fund
Highland Broadband Group
Highland Coast Hotelshighlandcoasthotels.comin

Highland Coast Hotels operates a collection of distinctive hotels across the NC500 route in the Scottish Highlands, emphasizing local partnerships and environmental stewardship.

ConsumerTravel & HospitalityHighlands, GB

Co-investorsKings Park Capital

Highview
iGiiigii.uk

iGii develops and manufactures Gii, a proprietary 3D porous pure carbon material for high-performance sensing, heating, and energy technologies.

Advanced ManufacturingCleantechDeep TechEnergyHardwareNew MaterialsScotland, GB

Dr. Marco Caffio(Co-founder & CSO)Jean-Christophe Granier(CEO & CCO)

IndiNatureindinature.coin𝕏

IndiNature produces bio-based insulation materials for building construction, including thermal insulation boards and acoustic solutions.

CleantechConstruction TechNew Materials

Innovatium
Iona Wind Partnership
Kidneykidney.orgin

The National Kidney Foundation works to eliminate preventable kidney disease, accelerate innovation in patient care, and address structural inequities in kidney treatment and transplantation services.

HealthtechImpact & Social Good

Co-investorsYsios CapitalBioGeneration VenturesEpidarex CapitalRoche Venture FundSofinnova Partners

L & G Build to Rent Fund
Launchpad
Leap Automation

Provider of end-of-line packing automation solutions for the food and drink industry.

Co-investorsAlba Equity

Lost Shorelostshore.comin

Lost Shore Surf Resort operates Europe's largest wave pool near Edinburgh, offering surfing, accommodation, dining, and wellness experiences such as a spa and sauna.

ConsumerTravel & HospitalityWellness & FitnessEdinburgh, GB

Andy Hadden(Founder)in

Mironidmironid.comin𝕏

Mironid is a drug development company building a pipeline of therapies targeting cAMP-degrading phosphodiesterase enzymes to treat Autosomal Dominant Polycystic Kidney Disease (ADPKD) and other rare kidney diseases.

BiotechMedical Devices

Adele Rowley(Chief Scientific Officer)in

Co-investorsEpidarex CapitalRoche Venture FundSofinnova PartnersBioGeneration Ventures

NCIMB
North Star Renewables
Octopus Capital
Orbexorbex.space

Co-investorsOctopus Ventures

Orbital Marine Powerorbitalmarine.comin𝕏

Orbital Marine Power develops tidal energy solutions to generate clean, predictable electricity and support the transition away from fossil fuels.

CleantechClimate TechEnergyEdinburgh, GB

Andrew Scott(Chief Executive Officer)Chris Milne(Chief Financial Officer)

BoardSian George(Board Chair)

Par Equityparequity.comin𝕏

Par Equity is a venture capital firm that merged with Praetura Ventures and Praetura Investments to form PXN Group.

North of UK, GB

Co-investorsMurray Capital

Pentland Floating Offshore Wind Project
Port of Aberdeenportofaberdeen.co.ukin𝕏

The Port of Aberdeen is a port authority managing shipping and terminal operations with a focus on energy transition, trade, and tourism in Scotland.

EnergyImpact & Social GoodLogistics & Supply ChainAberdeen, GB

Pulpexpulpex.comin

Pulpex develops sustainable wood pulp-based bottles as an alternative to glass and plastic packaging, targeting major consumer goods brands seeking to reduce their environmental footprint.

Circular EconomyCleantechNew MaterialsSaaSUK, GB

John Harty(Finance Director)in

pureLiFipurelifi.comin𝕏

pureLiFi develops wireless communications technology that transmits data using visible light rather than radio frequencies, marketed as an alternative to WiFi with enhanced security, reliability, and performance characteristics.

Deep TechHardwareIoT

Co-investorsIn-Q-TelLondon & Scottish Investment PartnersOld College CapitalScottish Investment BankTemasek

Renewco Power
Social and Sustainable Capitalsocialandsustainable.comin𝕏

SASC is a UK-based social investment fund that provides capital to social sector organisations addressing social challenges, with a focus on building financial self-sufficiency and social impact alongside financial returns.

FintechImpact & Social GoodSocialNew Malden, GB

Stornoway Port
Strathcarron Homes
Subsea Micropiles
Sunampsunamp.com

Co-investorsEquity Gap

Thriving Investmentsthrivinginvestments.co.uk

Thriving Investments is a vertically integrated fund manager and investment specialist focused on creating sustainable residential communities in the UK living sector.

Climate TechFintechImpact & Social GoodPropTech

Cath Webster(Chief Executive Officer)John Tatham(Chief Operating Officer)Jamie Younger(Chief Investment Officer)

Thriving Investments (formerly PfP Capital)
Travelnesttravelnest.comin𝕏

Travelnest is a UK-founded platform that provides holiday rental management software for independent property owners, enabling multi-channel listing distribution, automated pricing optimization, and calendar synchronization across 30+ booking platforms from a single dashboard.

MarketplacesPropTechSaaSTravel & HospitalityLondon, GB

Doug Stephenson(Founder)in

Co-investorsFrontline VenturesMangrove Capital PartnersPentech VenturesThe SidebySide PartnershipVesta Ventures

Verlumeverlume.worldin𝕏

Verlume develops Axonn, an intelligent energy management system that integrates renewable power generation and distributed energy storage into critical infrastructure and harsh environments, particularly in offshore and subsea applications.

CleantechClimate TechDeep TechEnergyHardware

David(CEO)

Whiteburn Projects Limited
ZeroAvia x-tech-roboticszeroavia.comin𝕏

ZeroAvia develops hydrogen-electric powertrain technology for aircraft, aiming to enable zero-emission aviation.

CleantechClimate TechDeep TechMobility & TransportationHollister, US

Valery Miftakhov(Executive Officer, Director, Promoter)Sergey Kiselev(Director)inJames McMicking(Chief Strategy Officer)in

BoardGeoff Eisenberg(Director)inMatt Eggers(Director)inChristine Ourmieres-Widener(Director)

Co-investorsAP VenturesBreakthrough Energy VenturesDniproEcosystem Integrity FundHorizons VenturesSGH Capital+8 more

Portfolio news

latest coverage across their companies

Principals & officers · per Companies House

what is this? ⓘ
Alison Janet Talbot

Secretary · since 2023

Tracey Anne Ashworth-Davies

Director · British · since 2020

Carolyn Hay

Director · British · since 2020

Peter Richard Andrew Knott

Director · British · since 2020

Jason Scott Mcgibbon

Director · British · since 2020

Gary Edward Page

Director · British · since 2024

David Alexander Ritchie

Director · British · since 2026

Jonathan Mcleod Grigor Taylor

Director · British · since 2020

William Geddie Watt

Director · British · since 2020

Craig John Wood

Director · British · since 2026

Ownership & control

The Scottish Ministers75–100% of shares, 75–100% of voting rights

Frequently asked questions

How many investments has Scottish National Investment Bank made?
Scottish National Investment Bank has 51 tracked investments.
What stage does Scottish National Investment Bank invest at?
Scottish National Investment Bank invests at the Growth stage.
What is Scottish National Investment Bank's typical check size?
Scottish National Investment Bank typically writes checks of $1.3M.
What sectors does Scottish National Investment Bank focus on?
Scottish National Investment Bank focuses on AI & Machine Learning, Cleantech, Climate Tech, Energy, Impact & Social Good, PropTech, Sector Agnostic.
Where is Scottish National Investment Bank located?
Scottish National Investment Bank is headquartered in Edinburgh, GB.
Who does Scottish National Investment Bank co-invest with?
Scottish National Investment Bank most often shares deals with Alba Equity, Archangels, Frontline Ventures, among 27 tracked co-investors.

Images

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