Techscaler Annual Report 2024

The Techscaler Annual Report 2024 provides an analysis of Techscaler’s impact on Scotland’s tech ecosystem, assessing its growth, investment landscape, and industry trends.

Using Beauhurst’s data, this report offers a deep dive into the country’s high-growth companies, job creation, and emerging sectors.

The Scottish tech ecosystem is thriving, driven by a strong entrepreneurship base. This second edition of the Techscaler Annual Report 2024 provides an analysis of Techscaler’s impact on Scotland’s tech ecosystem, assessing its growth, investment landscape, and industry trends.

The report maps the state of Scotland’s startup economy, tracking company growth, investment, and emerging industries.

Among the key trends outlined in this report are the following:

  • There has been a rise in high-growth tech companies in Scotland — up 36.9% year-on-year
  • Scotland’s AI and deeptech sectors are booming, with £481m raised since 2015
  • High-growth Scottish companies have raised a total of £644m in equity funding in 2024 alone
  • Scotland’s tech workforce has grown 72.4% in just two years


Explore more in this report, including investment trends, company growth, and ecosystem strengths that position Scotland as a launchpad for high-growth companies.

Inside the report

Meet the team

  • Henry Whorwood Managing Director

    Henry leads our Research & Consultancy team, and is an expert on equity finance and high-growth business. He's worked on briefs for the likes of Barclays, SyndicateRoom, Innovate UK, Smith & Williamson and British Business Bank. He regularly gives presentations on market trends at events around the UK.

  • Callum Newton Senior Res&Con Associate

    Callum is a Senior Research & Consultancy Associate, responsible for leading on the team's public sector work. Before joining Beauhurst, Callum was a Senior Researcher at Westminster-based think-tank Onward focusing on ‘Levelling Up’ policy. He was also a Consultant in Portland Communication’s specialist Litigation & Disputes practice.

  • Hannah Nicholls Designer

    Hannah produces graphic design and data visualisation for the Research & Consultancy team. Since receiving a BA (Hons) in Graphic Design Communications from Chelsea College of Arts (University of the Arts London), Hannah has accumulated over 10+ years of experience within the design industry and has specialised in data visualisation for the last 3+ years.

  • Bila Turay Research Manager

    Bila handles data analysis and visualisation, as well as project management. Before joining Beauhurst, Bila worked at an R&D Tax consultancy. She graduated from the University of Warwick with a Master of Chemistry (MChem).

  • Miraj Mistry Research Manager

    Miraj handles project management and data analysis. Miraj recently joined Beauhurst, his previous role was with an economic consultancy who specialise in providing socio-economic research and analysis to support infrastructure and transport projects. He holds an MSc in economics from the University of Bristol and a BSc from the University of Leeds.

  • Advone Katsande Associate

    Advone writes copy, and performs data analysis and visualisation. She has written on the nature of Venture Capital Trusts, and worked on projects for Rawnet and Deloitte. She read Law at the University of East Anglia, where she acquired her undergraduate LLB.

  • Blanca Valencia Graduate Associate

    Blanca handles data analysis and visualisation, as well as copywriting. Prior to joining Beauhurst, Blanca graduated from Queen Mary University of London, where she was awarded a BSc in Computer Science with Management (ITMB).

  • Harry Walker Graduate Associate

    Harry conducts data analysis and visualisation. Prior to joining Beauhurst, Harry graduated from Loughborough University, where he was awarded a BSc in Economics, having also completed a Placement Year working in Risk Analysis at the Bank of England.

  • Justin Tsui Graduate Associate

    Justin handles data analysis and visualisation, as well as copywriting. Before joining, Justin graduated from Imperial College London, where he was awarded a MSc in Applied Biosciences and Biotechnology. He has also previously worked in consulting and academia.

  • Evangeline Luckhurst Graduate Designer

    Evangeline performs graphic design and data visualisation in the Research & Consultancy team. Prior to joining Beauhurst, Evangeline graduated from University for the Creative Arts, where she was awarded a BA(Hons) in Illustration and Animation.

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