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 Wearables

Aiber

Venture Round in 2022
Aiber specializes in developing innovative software solutions for in-flight medical care within the aviation industry. The company's flagship product, MIME Pro, provides essential first aid emergency care guidance to cabin crew during medical incidents on flights. This software utilizes Bluetooth sensors to monitor vital signs in real time, allowing for the identification and communication of patient conditions, including deterioration and improvement. Founded in 2015 and headquartered in Inverness, United Kingdom, Aiber is dedicated to enhancing emergency response capabilities in aviation through its advanced technology.

Boundary

Seed Round in 2021
Boundary Technologies Ltd, established in 2018 and headquartered in Edinburgh, United Kingdom, specializes in designing and developing advanced burglar alarm systems that can be controlled via mobile devices. The company provides a comprehensive central hub for monitoring and managing connected security devices, which include motion sensors, application software, door and window contacts, outdoor sounders, and smart home integrations. Boundary's innovative security solution is positioned as 'security as a service', offering a reliable and efficient means of protecting homes and families. The system is designed to meet UK and European alarm standards, ensuring accuracy and facilitating automatic police responses when necessary.

PneumoWave

Seed Round in 2021
Altair Medical is developing real-time monitoring solutions to allow patients with respiratory conditions and their doctors to track their respiratory rates and performance out of hospital, at home and at work. Combining proprietary sensor technology and an innovative AI driven digital therapeutic software platform, Altair’s technology enables doctors to rationalise medication use, identify early signs of deterioration, reduce or shorten hospital admissions and reduce face to face appointments.

Boundary

Seed Round in 2020
Boundary Technologies Ltd, established in 2018 and headquartered in Edinburgh, United Kingdom, specializes in designing and developing advanced burglar alarm systems that can be controlled via mobile devices. The company provides a comprehensive central hub for monitoring and managing connected security devices, which include motion sensors, application software, door and window contacts, outdoor sounders, and smart home integrations. Boundary's innovative security solution is positioned as 'security as a service', offering a reliable and efficient means of protecting homes and families. The system is designed to meet UK and European alarm standards, ensuring accuracy and facilitating automatic police responses when necessary.

Mallzee

Venture Round in 2020
Mallzee Ltd operates a shopping application that allows users in the United Kingdom to discover and purchase clothing from various online retailers. Launched in 2011 and based in Edinburgh, Mallzee has evolved from a Tinder-style platform for quick mobile shopping into the largest multi-retailer shopping app in the UK, boasting nearly one million users. The app enables users to save their favorite garments by swiping through an extensive inventory, resulting in tens of millions of product swipes each month. This high level of user engagement has provided valuable swipe data that Mallzee leverages to enhance its services. The company now offers this data to partners, aiding them in refining their marketing strategies, merchandising, and inventory management while increasing exposure for their products and brands.

Boundary

Grant in 2020
Boundary Technologies Ltd, established in 2018 and headquartered in Edinburgh, United Kingdom, specializes in designing and developing advanced burglar alarm systems that can be controlled via mobile devices. The company provides a comprehensive central hub for monitoring and managing connected security devices, which include motion sensors, application software, door and window contacts, outdoor sounders, and smart home integrations. Boundary's innovative security solution is positioned as 'security as a service', offering a reliable and efficient means of protecting homes and families. The system is designed to meet UK and European alarm standards, ensuring accuracy and facilitating automatic police responses when necessary.

Current Health

Series A in 2019
Current Health Limited, founded in 2014 and based in Edinburgh, United Kingdom, specializes in developing wearable healthcare devices that monitor patients' vital signs. These devices are designed to measure key health metrics such as oxygen saturation, respiration rate, pulse rate, temperature, motion, activity, and posture, allowing for the early identification of unwell patients and timely medical intervention. The company also offers a patient monitoring platform that facilitates home-based care by enabling patients to share daily activities, report symptoms, and respond to structured questionnaires for their healthcare providers. By focusing on remote patient management, Current Health aims to reduce healthcare risks and costs while enhancing patient engagement and monitoring. Formerly known as Snap40 Limited, the company rebranded in December 2018 to better reflect its mission.

Mallzee

Venture Round in 2019
Mallzee Ltd operates a shopping application that allows users in the United Kingdom to discover and purchase clothing from various online retailers. Launched in 2011 and based in Edinburgh, Mallzee has evolved from a Tinder-style platform for quick mobile shopping into the largest multi-retailer shopping app in the UK, boasting nearly one million users. The app enables users to save their favorite garments by swiping through an extensive inventory, resulting in tens of millions of product swipes each month. This high level of user engagement has provided valuable swipe data that Mallzee leverages to enhance its services. The company now offers this data to partners, aiding them in refining their marketing strategies, merchandising, and inventory management while increasing exposure for their products and brands.

Current Health

Venture Round in 2019
Current Health Limited, founded in 2014 and based in Edinburgh, United Kingdom, specializes in developing wearable healthcare devices that monitor patients' vital signs. These devices are designed to measure key health metrics such as oxygen saturation, respiration rate, pulse rate, temperature, motion, activity, and posture, allowing for the early identification of unwell patients and timely medical intervention. The company also offers a patient monitoring platform that facilitates home-based care by enabling patients to share daily activities, report symptoms, and respond to structured questionnaires for their healthcare providers. By focusing on remote patient management, Current Health aims to reduce healthcare risks and costs while enhancing patient engagement and monitoring. Formerly known as Snap40 Limited, the company rebranded in December 2018 to better reflect its mission.

Aiber

Grant in 2019
Aiber specializes in developing innovative software solutions for in-flight medical care within the aviation industry. The company's flagship product, MIME Pro, provides essential first aid emergency care guidance to cabin crew during medical incidents on flights. This software utilizes Bluetooth sensors to monitor vital signs in real time, allowing for the identification and communication of patient conditions, including deterioration and improvement. Founded in 2015 and headquartered in Inverness, United Kingdom, Aiber is dedicated to enhancing emergency response capabilities in aviation through its advanced technology.

Aiber

Seed Round in 2019
Aiber specializes in developing innovative software solutions for in-flight medical care within the aviation industry. The company's flagship product, MIME Pro, provides essential first aid emergency care guidance to cabin crew during medical incidents on flights. This software utilizes Bluetooth sensors to monitor vital signs in real time, allowing for the identification and communication of patient conditions, including deterioration and improvement. Founded in 2015 and headquartered in Inverness, United Kingdom, Aiber is dedicated to enhancing emergency response capabilities in aviation through its advanced technology.

Boundary

Seed Round in 2019
Boundary Technologies Ltd, established in 2018 and headquartered in Edinburgh, United Kingdom, specializes in designing and developing advanced burglar alarm systems that can be controlled via mobile devices. The company provides a comprehensive central hub for monitoring and managing connected security devices, which include motion sensors, application software, door and window contacts, outdoor sounders, and smart home integrations. Boundary's innovative security solution is positioned as 'security as a service', offering a reliable and efficient means of protecting homes and families. The system is designed to meet UK and European alarm standards, ensuring accuracy and facilitating automatic police responses when necessary.

Neatebox

Venture Round in 2019
Neatebox Limited is a company based in Edinburgh, United Kingdom, that develops mobile applications aimed at enhancing the independence of disabled individuals. Founded in 2011, Neatebox has created applications such as Welcome and Button. The Welcome app facilitates direct communication between customers with disabilities and customer service teams, ensuring that users receive the assistance they need. The Button app allows users to automatically activate pedestrian crossing signals using their phones or smartwatches, promoting safer navigation in public spaces. Neatebox's solutions are utilized across the United Kingdom and Ireland, reflecting the company's commitment to fostering inclusivity and empowering disabled individuals in their daily lives.

Mallzee

Venture Round in 2019
Mallzee Ltd operates a shopping application that allows users in the United Kingdom to discover and purchase clothing from various online retailers. Launched in 2011 and based in Edinburgh, Mallzee has evolved from a Tinder-style platform for quick mobile shopping into the largest multi-retailer shopping app in the UK, boasting nearly one million users. The app enables users to save their favorite garments by swiping through an extensive inventory, resulting in tens of millions of product swipes each month. This high level of user engagement has provided valuable swipe data that Mallzee leverages to enhance its services. The company now offers this data to partners, aiding them in refining their marketing strategies, merchandising, and inventory management while increasing exposure for their products and brands.

Shot Scope

Venture Round in 2017
Shot Scope Technologies Ltd. provides golf performance tracking technology solutions. The company offers Shot Scope, a smart wristband that automatically tracks sport performance; and collects performance indicators that allow professional golfers to identify their most crucial areas for improvement. The company was incorporated in 2014 and is based in Edinburgh, United Kingdom.

Metix

Venture Round in 2017
Metix Limited manufactures patient monitoring devices. The company was founded in 2013 and is based in Glasgow, United Kingdom.

Reactec

Angel Round in 2017
The Reactec Analytics Platform removes the need for paperwork by automating the whole process, from real-time calculation of worker exposure in the field to providing employers with reliable and valuable information online. With just a few clicks, employers can view individual and company-wide exposure trends and see which workers have exceeded HSE daily thresholds and tool exposure levels. Information on tool rotation activity, tool performance and even over-utilisation can also be viewed to help manage worker efficiency and welfare.

MindMate

Convertible Note in 2016
MindMate Inc. is a technology company focused on developing a mobile application designed for individuals living with Alzheimer's and dementia. Founded in 2015 and headquartered in Santa Monica, California, the app provides users with tools to enhance cognitive abilities through interactive games, puzzles, and mental exercises. It also offers features such as reminders, nutrition advice, and physical exercises, all aimed at improving self-management skills for those affected by cognitive decline. Additionally, the application includes a section for music and television to encourage engagement and reminiscence. MindMate is dedicated to promoting brain health and reducing the risk of cognitive decline, and it serves customers globally. The company has garnered recognition for its innovative approach, receiving several awards for its contributions to the field.

Pick Protection

Seed Round in 2016
Pick Protection Ltd. is a company based in Glasgow, United Kingdom, specializing in security solutions for lone workers. Founded in 2014, it offers a range of products including the Personal Guardian self-managed application, the monitored Personal Guardian application, and a wearable alarm device. These solutions are designed to provide accessible, affordable, and reliable protection for employees in various sectors, such as housing associations, local authorities, retail and deliveries, facilities management, hospitality, utilities, and financial services. The company emphasizes the importance of safety for individuals working alone or in potentially hazardous environments. To enhance its services, Pick Protection has partnered with Unipart Security’s UK-based NSI Gold Category II Monitored Alarm Receiving Centre, ensuring that their monitoring services meet the highest industry standards.

Sensewhere

Venture Round in 2016
Sensewhere Limited specializes in innovative indoor positioning software that provides precise location services in environments where GPS signals are weak or obstructed, such as indoors, shopping malls, airports, and urban areas. The company was founded in 2005, stemming from advanced research at the University of Edinburgh. Sensewhere's technology eliminates the need for additional infrastructure like beacons, allowing for seamless positioning with mobile devices. Its offerings include a software development kit (SDK) for mobile platforms, a location-based advertising platform called adwhere, and a geo-fencing solution known as geowhere, which provides tracking and proximity alerts. The company has established strategic partnerships with Tencent Holdings and Micello and operates from its headquarters in Edinburgh, with additional offices in Mountain View, California, and Shenzhen and Beijing, China.

Mallzee

Series A in 2015
Mallzee Ltd operates a shopping application that allows users in the United Kingdom to discover and purchase clothing from various online retailers. Launched in 2011 and based in Edinburgh, Mallzee has evolved from a Tinder-style platform for quick mobile shopping into the largest multi-retailer shopping app in the UK, boasting nearly one million users. The app enables users to save their favorite garments by swiping through an extensive inventory, resulting in tens of millions of product swipes each month. This high level of user engagement has provided valuable swipe data that Mallzee leverages to enhance its services. The company now offers this data to partners, aiding them in refining their marketing strategies, merchandising, and inventory management while increasing exposure for their products and brands.

Shot Scope

Seed Round in 2015
Shot Scope Technologies Ltd. provides golf performance tracking technology solutions. The company offers Shot Scope, a smart wristband that automatically tracks sport performance; and collects performance indicators that allow professional golfers to identify their most crucial areas for improvement. The company was incorporated in 2014 and is based in Edinburgh, United Kingdom.

UWI Technology

Angel Round in 2014
UWI Technology Limited specializes in providing innovative label solutions, particularly through its flagship product, the UWI Label. This elapsed time indicator informs users about the duration since a container was first opened, helping to ensure product safety by indicating when items reach their use-by period. The company's labels are applicable across various sectors, including pharmaceuticals, medical devices, food and beverage, and industrial products, as well as in aerospace and life sciences. Founded in 2009 and headquartered in Edinburgh, United Kingdom, UWI Technology aims to enhance product consumption safety by utilizing advanced embedded chemical technology in its labels, thus enabling clients to minimize the risks associated with using expired or ineffective products.

Mallzee

Seed Round in 2014
Mallzee Ltd operates a shopping application that allows users in the United Kingdom to discover and purchase clothing from various online retailers. Launched in 2011 and based in Edinburgh, Mallzee has evolved from a Tinder-style platform for quick mobile shopping into the largest multi-retailer shopping app in the UK, boasting nearly one million users. The app enables users to save their favorite garments by swiping through an extensive inventory, resulting in tens of millions of product swipes each month. This high level of user engagement has provided valuable swipe data that Mallzee leverages to enhance its services. The company now offers this data to partners, aiding them in refining their marketing strategies, merchandising, and inventory management while increasing exposure for their products and brands.

Connect-In Ltd

Angel Round in 2014
Connect-In Ltd. stands for innovative Bluetooth IoT solutions, sustainable development, and state-of-the art design. Their sensors are built to be long lasting and power efficient (lasts 1-4 years on replaceable coin cell batteries) to make IoT understandable, accessible, and affordable, and to power the next generation of the Internet of Things.

Silent Herdsman

Venture Round in 2014
Silent Herdsman’s vision is to be the leading global provider of predictive analytics software for dairy and beef farmers, that improves herd performance, business efficiency and animal welfare. Crucially, the collar triggers an alert to farmers when cows are on heat, providing farmers with advanced knowledge to activate insemination at critical times. This in turn enables them to produce more milk from the impregnated cows and increase their yields from each herd. The Silent Herdsman® triggers its alert via wireless technology to any mobile device such as a farmer’s mobile phone, tablet or laptop. Uniquely, its wireless technology can travel over long distances meaning it is suitable for farms hosting 100 to 20,000 cows. Its unique differentiator includes monitoring herds across large geographical distances on farms hosting several thousand beef or dairy cows.

UWI Technology

Venture Round in 2012
UWI Technology Limited specializes in providing innovative label solutions, particularly through its flagship product, the UWI Label. This elapsed time indicator informs users about the duration since a container was first opened, helping to ensure product safety by indicating when items reach their use-by period. The company's labels are applicable across various sectors, including pharmaceuticals, medical devices, food and beverage, and industrial products, as well as in aerospace and life sciences. Founded in 2009 and headquartered in Edinburgh, United Kingdom, UWI Technology aims to enhance product consumption safety by utilizing advanced embedded chemical technology in its labels, thus enabling clients to minimize the risks associated with using expired or ineffective products.

Touch Bionics

Venture Round in 2011
Touch Bionics Limited, located in Livingston, Scotland, specializes in the development and marketing of advanced upper-limb prosthetics aimed at patients with upper-limb deficiencies. The company's notable products include the i-LIMB Hand, a multi-articulating bionic hand designed to assist amputees, and self-contained powered Prosthetic Digits, which offer functionality for individuals with partial hand loss. Additionally, Touch Bionics provides ProDigits, a solution for patients missing fingers. Their offerings extend to highly realistic passive functional prostheses, which are designed to closely resemble the natural appearance of the wearer. Touch Bionics distributes its innovative products across various regions, including the United States, Europe, Asia, and parts of South America and Africa. Established in 2003, the company was previously known as Touch EMAS Limited and rebranded in 2005. As of 2016, Touch Bionics operates as a subsidiary of Ossur Hf.

Ambicare Health

Venture Round in 2010
Ambicare Health Ltd specializes in the development of wearable light sources for both medical and consumer healthcare applications. The company’s flagship product, Ambulight PDT, is a light-emitting sticking plaster designed for the treatment of non-melanoma skin cancer, utilizing photodynamic therapy as a non-surgical alternative. In addition to this, Ambicare offers the Lustre Pure Light Classic and Lustre Pure Light Pro, both of which provide blue light therapy aimed at combating spots and acne. These products are designed to replicate clinically proven light therapies in a more accessible format for use in home settings. Founded in 2004 through collaborative research at the University of St. Andrews and Tayside Health Board, Ambicare has focused on creating convenient, LED-based devices that address various dermatological conditions. The company markets its products through distributors and online platforms from its base in Livingston, United Kingdom.

B1 Medical

Venture Round in 2006
B1 Medical develops and manufactures medical devices for orthopedics. B1 Medical develops and markets products such as soft tissue monitoring, fracture fixation and small joint prothesis products.
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