Scottish Enterprise

Scottish Enterprise is Scotland's primary economic development agency, operating as a non-departmental public body of the Scottish Government. Its mission is to foster economic growth by supporting the development of innovative, high-wage industries with a strong international presence. The organization plays a crucial role in assisting small and medium-sized enterprises (SMEs) in securing financing, helping them engage with funders and access the necessary capital for expansion. Scottish Enterprise invests through its arm, the Scottish Investment Bank, which focuses on various sectors, including renewable energy, life sciences, and creative industries. The firm engages in both direct and fund-of-fund investing, typically providing financial support in the form of equity or loans ranging from £0.01 million to £10 million. Additionally, it collaborates with public and private sectors and works alongside UK and international investors to enhance the funding landscape for Scottish businesses. Through these initiatives, Scottish Enterprise aims to create a sustainable economic impact and strengthen the funding market within Scotland.

Reuben Aitken

Managing Director, International Operations

Rhona Allison

Managing Director, Business Growth

Mark Hallan

Global Director, Strategic Relationships

Linda Hanna

Interim CEO

Jane Martin

Managing Director of Innovation and Investment

Jim McFarlane

Managing Director of Operations

Charlie Smith

Managing Director of Scottish Development International and Group Head of Strategy and Technology

Past deals in Oil and Gas

Aberdeen Harbour Board

Debt Financing in 2022
Aberdeen Harbour Board operates a premier marine assistance center primarily serving the oil and gas industry, while also functioning as the main commercial port in the region. The organization is committed to maintaining high safety standards and promoting environmental sustainability, ensuring that clients can develop an eco-friendly port. With world-class facilities and a strategic location, Aberdeen Harbour Board aims to meet the diverse needs of its customers by providing innovative solutions and supporting the growth of the local economy. Its extensive knowledge and experience in the marine sector position it as a preferred choice for businesses seeking reliable port services.

Proteus

Series A in 2021
Proteus combines a world-class business operating system with on-demand access to rated talent and pay-as-you-go access to major engineering software into a simple-to-use platform.

Xergy

Series A in 2021
Xergy Group Limited is a company based in Aberdeen, United Kingdom, that specializes in developing Proteus, a cloud-based work management automation platform tailored for the energy and engineering sectors. Founded in 2018, Xergy's platform facilitates remote work by integrating essential workflows commonly used in the oil and gas industry, from identifying opportunities to closing invoices. Proteus streamlines talent acquisition, project management, and financial processes into a single hub, enhancing operational efficiency and profitability. It also supports real-time project oversight by integrating data from third-party software, such as Microsoft 365 and Google Workspaces. By adhering to established project management frameworks and ISO standards, Xergy aims to simplify workflows and reduce costs and time for its clients, contributing to the industry's digital transformation and low carbon transition.

Sentinel Subsea

Seed Round in 2021
Sentinel Subsea focuses on advanced passive integrity monitoring solutions for subsea infrastructure and equipment, specifically targeting the oil and gas industry. The company has developed WellSentinel, a comprehensive method for monitoring the integrity of subsea wells, wellheads, and Christmas trees. Their technology platform incorporates a hydrocarbon detection system that identifies gas or fluid hydrocarbons escaping from subsea wells and a tracer detection system for monitoring tracer fluid. This early detection capability not only facilitates timely leak identification but also enhances economic efficiency by potentially lowering cleanup costs. By providing real-time alerts regarding leaks, especially from aging wells, Sentinel Subsea reduces the dependence on frequent manual inspections, thus improving operational safety and efficiency.

O-I Glass

Grant in 2021
Full investment portfolio: Cash and cash equivalents - 0.46% Debt securities - 2.12% Other - 1.55% Founded in 1903, Owens Illinois is a corporate firm based in Ohio, United States. The firm manufactures and sells glass containers to their clients internationally. The firm sponsors a non-contributory defined benefit pension plan for its employees.

Proteus

Grant in 2021
Proteus combines a world-class business operating system with on-demand access to rated talent and pay-as-you-go access to major engineering software into a simple-to-use platform.

Xergy

Grant in 2021
Xergy Group Limited is a company based in Aberdeen, United Kingdom, that specializes in developing Proteus, a cloud-based work management automation platform tailored for the energy and engineering sectors. Founded in 2018, Xergy's platform facilitates remote work by integrating essential workflows commonly used in the oil and gas industry, from identifying opportunities to closing invoices. Proteus streamlines talent acquisition, project management, and financial processes into a single hub, enhancing operational efficiency and profitability. It also supports real-time project oversight by integrating data from third-party software, such as Microsoft 365 and Google Workspaces. By adhering to established project management frameworks and ISO standards, Xergy aims to simplify workflows and reduce costs and time for its clients, contributing to the industry's digital transformation and low carbon transition.

RAB Microfluidics

Venture Round in 2021
RAB Microfluidics specializes in developing innovative lab-on-a-chip technology aimed at transforming oil analysis processes. By utilizing patented microfluidic technology, the company offers real-time diagnostics for lubricated machinery, enabling early detection of potential failures and preventing costly equipment breakdowns. This dynamic approach provides clients with laboratory-quality data and actionable insights for effective asset condition management, significantly reducing costs compared to traditional methods. Founded on a decade of research from the University of Aberdeen, RAB Microfluidics is recognized as a pioneer in microfluidic technology for oil applications in Europe. With a dedicated advisory team boasting over 60 years of expertise, the company is committed to addressing the needs of diverse industries, including oil and gas, aerospace, and power generation, by making oil testing mobile, rapid, and routine.

EC-OG

Debt Financing in 2020
EC-OG is a developer of subsea power hub technology designed to generate, store, and supply remote electrical power. Its technology utilizes remote power generation to convert the energy within ocean currents and tides to electrical energy, store this energy and deliver electrical power to subsea assets, enabling clients to use clean and renewable energy sources without polluting the environment around them. The company was founded in 2013 and is headquartered in Bridge of Don, Aberdeen.

Global Surface Intelligence

Debt Financing in 2020
Global Surface Intelligence Ltd. is a data services company based in Edinburgh, United Kingdom, with an additional office in Baltimore, Maryland. Founded in 2009, the company specializes in earth observation and predictive analytics, utilizing satellite, UAV, and ground survey data to deliver actionable insights for various industries. Its GSi-Platform offers predictive modeling solutions for diverse scenarios, while products like GSi-Carbon provide detailed assessments of biomass carbon stocks. GSi-Crop delivers mapped crop yield predictions, and GSi-Timber supplies information on timber volumes for forest inventory assessments. Additionally, GSi-Blowdown monitors forest damage from extreme weather, and GSi-Soil focuses on soil carbon monitoring. By transforming complex data into commercially valuable insights, Global Surface Intelligence aids clients in effectively managing land-based assets and understanding environmental changes.

EC-OG

Venture Round in 2020
EC-OG is a developer of subsea power hub technology designed to generate, store, and supply remote electrical power. Its technology utilizes remote power generation to convert the energy within ocean currents and tides to electrical energy, store this energy and deliver electrical power to subsea assets, enabling clients to use clean and renewable energy sources without polluting the environment around them. The company was founded in 2013 and is headquartered in Bridge of Don, Aberdeen.

EC-OG

Venture Round in 2020
EC-OG is a developer of subsea power hub technology designed to generate, store, and supply remote electrical power. Its technology utilizes remote power generation to convert the energy within ocean currents and tides to electrical energy, store this energy and deliver electrical power to subsea assets, enabling clients to use clean and renewable energy sources without polluting the environment around them. The company was founded in 2013 and is headquartered in Bridge of Don, Aberdeen.

GM Flow

Private Equity Round in 2020
GM Flow offer a range of flow measurement services and products, to the oil and gas industry.

ION Geophysical

Grant in 2020
ION Geophysical Corporation is a technology-oriented company that delivers a range of geophysical products and services primarily to the global oil and gas industry. It operates through two main segments: E&P Technology & Services and Operations Optimization. The E&P Technology & Services segment focuses on data processing, imaging services, survey planning and design, and reservoir characterization, while also offering technical and strategic advisory services. The Operations Optimization segment specializes in survey design, command and control software, and maintenance services for marine and seabed operations. This segment also develops and repairs marine acquisition systems and ocean bottom data technologies. ION Geophysical's services are marketed through direct sales and third-party representatives, catering to diverse regions including North America, Latin America, Europe, Asia Pacific, Africa, and the Middle East. Founded in 1968 and headquartered in Houston, Texas, the company was previously known as Input/Output, Inc. before rebranding in 2007.

Global Surface Intelligence

Venture Round in 2019
Global Surface Intelligence Ltd. is a data services company based in Edinburgh, United Kingdom, with an additional office in Baltimore, Maryland. Founded in 2009, the company specializes in earth observation and predictive analytics, utilizing satellite, UAV, and ground survey data to deliver actionable insights for various industries. Its GSi-Platform offers predictive modeling solutions for diverse scenarios, while products like GSi-Carbon provide detailed assessments of biomass carbon stocks. GSi-Crop delivers mapped crop yield predictions, and GSi-Timber supplies information on timber volumes for forest inventory assessments. Additionally, GSi-Blowdown monitors forest damage from extreme weather, and GSi-Soil focuses on soil carbon monitoring. By transforming complex data into commercially valuable insights, Global Surface Intelligence aids clients in effectively managing land-based assets and understanding environmental changes.

Global Surface Intelligence

Venture Round in 2018
Global Surface Intelligence Ltd. is a data services company based in Edinburgh, United Kingdom, with an additional office in Baltimore, Maryland. Founded in 2009, the company specializes in earth observation and predictive analytics, utilizing satellite, UAV, and ground survey data to deliver actionable insights for various industries. Its GSi-Platform offers predictive modeling solutions for diverse scenarios, while products like GSi-Carbon provide detailed assessments of biomass carbon stocks. GSi-Crop delivers mapped crop yield predictions, and GSi-Timber supplies information on timber volumes for forest inventory assessments. Additionally, GSi-Blowdown monitors forest damage from extreme weather, and GSi-Soil focuses on soil carbon monitoring. By transforming complex data into commercially valuable insights, Global Surface Intelligence aids clients in effectively managing land-based assets and understanding environmental changes.

Global Surface Intelligence

Venture Round in 2018
Global Surface Intelligence Ltd. is a data services company based in Edinburgh, United Kingdom, with an additional office in Baltimore, Maryland. Founded in 2009, the company specializes in earth observation and predictive analytics, utilizing satellite, UAV, and ground survey data to deliver actionable insights for various industries. Its GSi-Platform offers predictive modeling solutions for diverse scenarios, while products like GSi-Carbon provide detailed assessments of biomass carbon stocks. GSi-Crop delivers mapped crop yield predictions, and GSi-Timber supplies information on timber volumes for forest inventory assessments. Additionally, GSi-Blowdown monitors forest damage from extreme weather, and GSi-Soil focuses on soil carbon monitoring. By transforming complex data into commercially valuable insights, Global Surface Intelligence aids clients in effectively managing land-based assets and understanding environmental changes.

Global Surface Intelligence

Venture Round in 2017
Global Surface Intelligence Ltd. is a data services company based in Edinburgh, United Kingdom, with an additional office in Baltimore, Maryland. Founded in 2009, the company specializes in earth observation and predictive analytics, utilizing satellite, UAV, and ground survey data to deliver actionable insights for various industries. Its GSi-Platform offers predictive modeling solutions for diverse scenarios, while products like GSi-Carbon provide detailed assessments of biomass carbon stocks. GSi-Crop delivers mapped crop yield predictions, and GSi-Timber supplies information on timber volumes for forest inventory assessments. Additionally, GSi-Blowdown monitors forest damage from extreme weather, and GSi-Soil focuses on soil carbon monitoring. By transforming complex data into commercially valuable insights, Global Surface Intelligence aids clients in effectively managing land-based assets and understanding environmental changes.

Global Surface Intelligence

Venture Round in 2017
Global Surface Intelligence Ltd. is a data services company based in Edinburgh, United Kingdom, with an additional office in Baltimore, Maryland. Founded in 2009, the company specializes in earth observation and predictive analytics, utilizing satellite, UAV, and ground survey data to deliver actionable insights for various industries. Its GSi-Platform offers predictive modeling solutions for diverse scenarios, while products like GSi-Carbon provide detailed assessments of biomass carbon stocks. GSi-Crop delivers mapped crop yield predictions, and GSi-Timber supplies information on timber volumes for forest inventory assessments. Additionally, GSi-Blowdown monitors forest damage from extreme weather, and GSi-Soil focuses on soil carbon monitoring. By transforming complex data into commercially valuable insights, Global Surface Intelligence aids clients in effectively managing land-based assets and understanding environmental changes.

LUX Assure

Venture Round in 2016
LUX Assure is a division of LUX Innovate Limited. LUX specialises in delivering robust, highly sensitive and simple to use chemical monitoring technologies for both offshore and onshore use. The novelty of their approach has been recognised by the oil and gas industry and they have won awards for innovation. Their products include technologies for monitoring scale, corrosion and hydrate inhibitors in both water and hydrocarbons.

Global Surface Intelligence

Venture Round in 2014
Global Surface Intelligence Ltd. is a data services company based in Edinburgh, United Kingdom, with an additional office in Baltimore, Maryland. Founded in 2009, the company specializes in earth observation and predictive analytics, utilizing satellite, UAV, and ground survey data to deliver actionable insights for various industries. Its GSi-Platform offers predictive modeling solutions for diverse scenarios, while products like GSi-Carbon provide detailed assessments of biomass carbon stocks. GSi-Crop delivers mapped crop yield predictions, and GSi-Timber supplies information on timber volumes for forest inventory assessments. Additionally, GSi-Blowdown monitors forest damage from extreme weather, and GSi-Soil focuses on soil carbon monitoring. By transforming complex data into commercially valuable insights, Global Surface Intelligence aids clients in effectively managing land-based assets and understanding environmental changes.

Spark Energy

Venture Round in 2014
Spark Energy Supply Ltd is a specialist energy supplier based in Selkirk, United Kingdom, focused on providing gas and electricity to tenants in the UK market. Incorporated in 2006, the company operates primarily through a network of letting agencies, simplifying the process of energy supply for residential tenants and rental agents. Spark Energy emphasizes the provision of renewable energy, sourcing its electricity and gas from a variety of sustainable methods, including wind, bio-energy, bio-mass, anaerobic digestion, energy crops, and hydro. As of November 2018, Spark Energy operates as a subsidiary of OVO Energy Ltd.

Global Surface Intelligence

Venture Round in 2013
Global Surface Intelligence Ltd. is a data services company based in Edinburgh, United Kingdom, with an additional office in Baltimore, Maryland. Founded in 2009, the company specializes in earth observation and predictive analytics, utilizing satellite, UAV, and ground survey data to deliver actionable insights for various industries. Its GSi-Platform offers predictive modeling solutions for diverse scenarios, while products like GSi-Carbon provide detailed assessments of biomass carbon stocks. GSi-Crop delivers mapped crop yield predictions, and GSi-Timber supplies information on timber volumes for forest inventory assessments. Additionally, GSi-Blowdown monitors forest damage from extreme weather, and GSi-Soil focuses on soil carbon monitoring. By transforming complex data into commercially valuable insights, Global Surface Intelligence aids clients in effectively managing land-based assets and understanding environmental changes.

LUX Assure

Funding Round in 2013
LUX Assure is a division of LUX Innovate Limited. LUX specialises in delivering robust, highly sensitive and simple to use chemical monitoring technologies for both offshore and onshore use. The novelty of their approach has been recognised by the oil and gas industry and they have won awards for innovation. Their products include technologies for monitoring scale, corrosion and hydrate inhibitors in both water and hydrocarbons.

Global Surface Intelligence

Venture Round in 2013
Global Surface Intelligence Ltd. is a data services company based in Edinburgh, United Kingdom, with an additional office in Baltimore, Maryland. Founded in 2009, the company specializes in earth observation and predictive analytics, utilizing satellite, UAV, and ground survey data to deliver actionable insights for various industries. Its GSi-Platform offers predictive modeling solutions for diverse scenarios, while products like GSi-Carbon provide detailed assessments of biomass carbon stocks. GSi-Crop delivers mapped crop yield predictions, and GSi-Timber supplies information on timber volumes for forest inventory assessments. Additionally, GSi-Blowdown monitors forest damage from extreme weather, and GSi-Soil focuses on soil carbon monitoring. By transforming complex data into commercially valuable insights, Global Surface Intelligence aids clients in effectively managing land-based assets and understanding environmental changes.

Star Net Geomatics Ltd.

Venture Round in 2012
Star Net Geomatics Ltd. provides a wide range of surveying, inspection and design services to the telecommunications, renewables, civil engineering, oil and gas and nuclear sectors.

Star Net Geomatics Ltd.

Venture Round in 2011
Star Net Geomatics Ltd. provides a wide range of surveying, inspection and design services to the telecommunications, renewables, civil engineering, oil and gas and nuclear sectors.

Cascade Technologies

Venture Round in 2008
Cascade Technologies offers a number of products that allow for monitoring of greenhouse and general industrial emissions, hazardous gases, explosives and drugs.

Cascade Technologies

Series B in 2006
Cascade Technologies offers a number of products that allow for monitoring of greenhouse and general industrial emissions, hazardous gases, explosives and drugs.
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