Scotland has produced three unicorn companies: BrewDog, FanDuel, Skyscanner.
The country is home to four futurecorns: Roslin Technologies and NuCana BioMed (Edinburgh), Interactive Investor (Glasgow) and Amphista Therapeutics (Motherwell)
Scotland has been one of the leading centres of UK tech which has grown tenfold in 10 years
UK unicorns have grown from eight unicorns in 2010 to 81 by 2020
By comparison, France, Germany, Sweden and Israel has created a combined 85 unicorns by 2020 and only France and Germany raised over £4.3bn in VC funding last year
Scotland continues to build fast-growing tech companies
Scotland’s track record for creating unicorn tech companies like BrewDog, FanDuel and Skyscanner is helping to create a new generation of fast-growing tech businesses.
These ‘unicorns’ – private companies valued at $1bn (£718m) or more – have inspired growth in four more Scottish businesses, now identified as ‘futurecorns’, fast-growing firms set to achieve the all-important $1bn valuation.
Four Scottish companies – Amphista Therapeutics in Motherwell; Roslin Technologies in Edinburgh; Interactive Investor in Glasgow; and NuCana BioMed in Edinburgh – are identified as Futurecorns, fast-growing companies set to achieve a $1bn valuation, according to analysis by Dealroom.co and the Digital Economy Council.
Scotland’s futurecorns are part of the huge expansion of the UK tech sector, which has grown 10 fold in the last 10 years, enabling the creation of…