The Scottish National Investment Bank (SNIB) has today announced a £2.6 million investment into cybersecurity expert, Cyacomb. The Edinburgh-based tech company has developed software to detect and block harmful online content that is 100 times faster than any existing search tool.Cyacomb will
Circularity Scotland has accounted for £4.5 million of the Scottish National Investment Bank's £17.8m unrealised loss, according to the bank's latest full year accounts. Just a little over two years since its inception, the bank has significantly influenced the Scottish economy by commit
Scottish scaleup Krucial, which utilises space technology to provide digital solutions, has secured further funding of more than $3.7 million (£3m) as it continues to expand into international markets. The investment was led by existing investor the Scottish National Investment Bank, joined by
The Scottish National Investment Bank has been confirmed as a key sponsor of this year’s Invest2Scale event in Edinburgh. The bank, along with MarktoMarket and Cazenove Capital, has reaffirmed its support after sponsoring last year’s inaugural Invest2Scale gathering.
Edinburgh-based enterprise training platform Administrate has secured a £5 million investment round from current backers Archangels, Mercia, and the Scottish National Investment Bank, with Hambro Perks joining the round as a fresh capital partner. The funding will fuel Administrate's rapid exp
The chair of the Scottish National Investment Bank (SNIB), Willie Watt, has been reappointed another four-year term. With a career that spans over three decades, Mr Watt's comprehensive investing and leadership skills have been a tremendous asset to the bank.
Mark Munro has been appointed to the new role of chief investment officer (CIO) at the Scottish National Investment Bank. With more than 20 years of corporate and investment banking experience in Scotland, the UK and internationally, Mr Munro joined the bank in early August 2021 as executive directo
The Scottish National Investment Bank (SNIB) has appointed Al Denholm as its new chief executive officer. Mr Denholm, a seasoned asset management professional with over 36 years of experience, previously held executive and senior investment leadership positions at major financial institutions like P
Clean energy company Verlume has secured £7.2 million in funding, with £6.6m provided by the Scottish National Investment Bank, to support its expansion plans. The Aberdeen-based firm specialises in intelligent energy management technology that enables a constant power output from renewa
Scottish native cloud platform specialist, Forrit, has received a £5 million funding boost from the Scottish National Investment Bank. The investment will enable the Edinburgh-based technology developer to grow its workforce and target new markets.
The Scottish National Investment Bank has invested a further £20 million to help connect 100,000 rural homes to ultrafast fibre broadband. The bank originally provided cornerstone funding of £20m to Lothian Broadband Networks (LBN) in 2021. LBN will use the additional funding to complete
The Scottish Government has allocated a further £25 million from its Just Transition Fund to support the energy transition in the North East, with the goal of making the region a global leader in net zero efforts.
Real-estate data analytics platform Utopi has received a £5 million investment from The Scottish National Investment Bank. The investment will create 50 new jobs at the Glasgow-based company, which specialises in energy consumption monitoring technology, and will use The Bank’s support t
The launch of the Scaling Up Summit, taking place later this month in Edinburgh, has been announced as part of a partnership between The Scottish National Investment Bank, The Times and The Sunday Times.