The number of Scottish venture capital (VC) deals struck last year reached its highest levels since 2013, according to research by Refinitiv. Scottish companies raised £60.9 million of venture capital in 2019 from 28 deals – an increase from the £58.4m raised in 2018 from 25 deals. The largest deal was for Edinburgh-based light communication company Purelifi, which raised £13.6m, followed by Current Health and Intelligent Growth Solutions raising £8.9m and £5m respectively. Scotland’s most active investors were Scottish Enterprise Glasgow which invested £18.6m in 15 deals followed by Par Equity with seven deals investing £4.8m. Next was Archangel Investors which invested £2.2m in four deals.
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