Scotland’s business angels hold steady in turbulent times, data finds

Despite the uncertainty and volatility of the financial year to March 2025, Scotland’s angel investors maintained their support for Scotland’s emerging high-potential SMEs, according to the latest annual data from Angel Capital Scotland.

Figures from Scotland’s national association for business angels show that the number of investments fell slightly to 91 from 94 in 2023-24, but the value of private capital committed increased from £100.6 million to £106.4m, reflecting an increasing average deal size. Public sector co-investment provided a further £25.6m.

Further insights into the angel investment landscape, including updated data from Angel Capital Scotland, will be presented at the Young Company Finance Conference 2025, where ACS returns as lead sponsor. The event will also explore the evolving mix of finance available to early-stage and scaling companies across Scotland.

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