Investment rises

Scale-ups attract record levels of venture capital

Stewart-Whiting-and-Christopher-McCann

Big attraction: Stewart Whiting and Chris McCann of Current Health

Foreign providers of venture capital continue to invest record sums into Scottish scale-ups with more than £322.3 million raised in the first half of 2021.

A strong COVID-19 vaccination programme and greater business confidence in the post-Brexit environment resulted in 60 deals being completed in Q2 2021, three times the previous quarter (20), according to Venture Pulse, a quarterly report published by KPMG Private Enterprise.

Providers of consumer products and services, as well as healthcare businesses attracted the largest deals in Q2, including £36.17 million raised by Glasgow-based culinary tech business, Enough, in a deal led by Nutreco and Olympic Investments.

Edinburgh-based Current Health, a healthcare tech firm, also attracted more than £31.42 million in a deal led by Northpond Ventures.

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