Alongside recent positive announcements around the easing of lockdown measures in Scotland, some more good news was received gladly received by the Tech startup and high-growth community in Edinburgh in the shape of the annual Tech Nation report
, found here: [https://technation.io/report2021/].
2020 was a remarkable year for the city’s tech scene, attracting £91 million of Venture Capital in the year. In what has been such an uncertain time for many industries and areas of business, Edinburgh’s tech companies have shown the resilience and flexibility to adapt and to be successful. and this has clearly impressed VC investors, who have sought to back Edinburgh’s tech companies with the fifth highest level of investment in the UK.
Loral Quinn, CEO and Co-founder of Edinburgh based fintech, Sustainably, one of our clients has commented on the level of activity in the UK: “With investment in impact startups doubling, the challenge now is how the UK can best leverage investment and R&D to be a world leader in disruptive tech, creating positive impact that is effortless, embedded and sustainable.
“The good news is we have a thriving tech ecosystem, record levels of investment from VCs in 2020 and tech and consumer internet companies increasing their share of capital raised through IPOs. So despite all the challenges, I’m excited about the huge opportunity this represents for global growth of tech for good.]
We are pleased to have assisted many of these companies in securing their VC investment and can see 2021 bringing similarly positive results as Edinburgh’s tech entrepreneurs continue to thrive.
Whether you are at the beginning of your funding journey, or looking to get ready for an exit, MBM Commercial are there to help. If you would like to discuss your business further, please contact myself or Susan Donald, Senior Business Development Manager.