Scottish tech founders have raised £257m in investment since the launch of the Techscaler tech scale-up programme.
That marks a £139m increase on the previous year.
The figures were revealed as Scotland’s First Minister opened Techscaler’s new office at Water’s Edge in Dundee. It will provide a centre for tech start-ups in the region.
“Techscaler was created to strengthen Scotland’s entrepreneurial environment by giving founders the skills, support and connections needed to build globally competitive companies,” said First Minister John Swinney.
“It is encouraging to see this vision reflected in this year’s results, with a remarkable £257 million now raised by founder members since launch, more than double the previous year. This figure highlights Scotland’s entrepreneurial ecosystem is becoming even more connected, collaborative and globally engaged – raising Scotland’s profile as an ambitious innovation nation.”
The first companies to take up residence in Dundee are games firms, Fish Tin Games, Shouty Knot, Umbra Dynamics and Fochram Arts.
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“The Techscaler Hub for the Tay Cities Region opening at Water’s Edge represents a significant commitment to Dundee and a recognition of its status as one of the country’s key centres for technology scale ups,” explained Chris van der Kuyl, CBE, Chairman, 4J Studios.
“Surrounded by some of our nation’s best companies and brightest talent and supported by a mature and dynamic ecosystem I believe the members of this programme will have a distinct advantage and an increased chance of success.”
The 2025 Techscaler annual report shows more than 1,500 tech companies and nearly 2,100 founders are now engaged in the programme.
“With this year’s annual report showcasing Techscaler’s growing national impact, we’re delighted to be collaborating with Water’s Edge to build on the strong foundations and exceptional work already underway in the region,” added Jon Hope, Interim CEO, CodeBase.
“Together, we’re doubling down on its world-leading strengths to fast-track high-growth businesses toward global success. From our Water’s Edge office, we’ll be proud to support cohorts of early-stage, growth, and scale-up companies, providing access to local and national expertise — including Entrepreneurs in Residence, experienced mentors, investor networks, and international connections.”
