What stage does Scottish Venture Fund invest at?

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

What is Scottish Venture Fund's typical check size?

Scottish Venture Fund typically writes checks of $130K – $2.6M.

Does Scottish Venture Fund lead rounds?

Scottish Venture Fund typically participates in rounds rather than leading them.

Scottish Venture Fund

Government fund

Pre-Seed–Growth · 6 people tracked

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Investment thesis

Operated by Scottish Enterprise, the Scottish Venture Fund co-invests on fully commercial terms alongside private sector investors—business angels, angel syndicates, venture capital groups and corporate investors—into start-up, early stage and expanding businesses with high-growth potential based in Scotland. The fund is private sector investor-led, with Scottish Enterprise potentially helping negotiate terms and conduct diligence while retaining the final investment decision. It aims to address gaps in the early stage risk capital market, help portfolio companies realise export potential, drive innovation, and create highly-skilled employment from a growing Scottish base. Typical investments range from £100,000 to £2 million in deals up to £10 million.

Invests inAdvanced Manufacturing Climate Tech Deep Tech EnergySector AgnosticWellness & Fitness United Kingdom

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Growth

Check

$130K – $2.6M

Leads rounds

Follows

Instruments

Equity

Founded

2003

Team · 6 people

from the firm's website

Adrian Gillespie· Chief Executive· Glasgow, Scotland, United Kingdomin

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.

Jane Martin· Managing Director of Innovation and Investment

Leads Scottish Enterprise's innovation and investment work, sponsoring its Scaling Innovation mission across life sciences, industrial biotechnology, space, fintech, quantum, photonics and semiconductors. A member of the Executive Leadership Team since 2015.

Kerry Sharp· Chief Finance & Investment Officer· London, England, United Kingdomin

Scottish Enterprise's first Chief Finance & Investment Officer, overseeing financial governance, strategy 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· Edinburgh, Scotland, United Kingdomin

Leads Scottish Enterprise's international arm (Scottish Development International) and energy transition mission, managing a team across 34 locations. A former diplomat and energy regulator who led trade policy at the Scottish Government.

Rhona Allison· Managing Director of Productivity and Business Growth

Leads 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.

Gill McNeill· Chief People Officer of People, Digital and Communications· Glasgow, Scotland, United Kingdomin

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.

Frequently asked questions

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

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