# Scottish Equity Partners: portfolio, investments and team > Scottish Equity Partners is a private equity based in United Kingdom. 141 investments on record, 1 in the last 12 months, latest Feb 2026. Source: https://millionrounds.com/fund/scottish-equity-partners (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Investor](https://millionrounds.com/investors) # Scottish Equity Partners Last cheque observed Feb 2026; 141 cheques on record. Email Deploying now Private equity Pre-seed Seed Series A Enterprise Technology AI Data Follow Scottish Equity Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fscottish-equity-partners) Deploying now **100%** of best year **1** **cheques in 12 months**, 141 on record Since the last cheque **256** days **00** hrs **00** min **00** sec Median round **$33M** Rounds led **1 of 141** Sole investor **62 rounds** Exits **15 from the portfolio** Mostly in **United Kingdom, 63%** Pitch Scottish Equity Partners ## Scottish Equity Partners highlights - 01 1 cheques in the last 12 months - 02 Mostly Venture and Series C: 47% of its rounds - 03 Sole investor in 62 rounds, median $8.9M - 04 15 exits from the portfolio ## What they do > SEP is a leading growth equity investor in enterprise technology companies in the UK and Europe. From their own website - **Type:** Private equity (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Pre-seed Seed Series A Series B Growth - **Sectors:** Enterprise Technology AI Data - **Based in:** London, United Kingdom - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **141 appearances** - **2026** 1 round - **Feb** **[mea Platform](https://millionrounds.com/company/mea-platform)** Growth · Ventureburn **$50M** *Led* - **2019** 3 rounds - **Jul** **[Zuto](https://millionrounds.com/company/zuto)** GB · Sep **$8.5M** With 1 other - **Jun** **[Immedis](https://millionrounds.com/company/immedis)** IE · FinSMEs **$28M** Sole investor - **Jan** **[Peppermint Technology](https://millionrounds.com/company/peppermint-technology)** GB · Pepperminttechnology **$9.2M** With 1 other - **2018** 1 round - **Dec** **[TotallyMoney](https://millionrounds.com/company/totallymoney)** GB · FinSMEs **$37M** With 1 other - **2016** 1 round - **Jan** **[Skyscanner](https://millionrounds.com/company/skyscanner)** **$192M** With 3 others - **2015** 4 rounds - **Nov** **[SportPursuit](https://millionrounds.com/company/sportpursuit)** Series C · GB **$14M** With 2 others - **Jul** **[Babbel](https://millionrounds.com/company/babbel)** Series C **$22M** With 3 others - **May** **[Abcodia](https://millionrounds.com/company/abcodia)** Series B · GB **$8.3M** With 4 others - **Jan** **[Mister Spex](https://millionrounds.com/company/mister-spex)** Series D **$40M** With 4 others - **2014** 8 rounds - **Dec** **[Powervation](https://millionrounds.com/company/powervation)** Venture · US **$4.0M** With 4 others - **Dec** **[Powervation](https://millionrounds.com/company/powervation)** Debt · US **$3.0M** With 5 others - **Dec** **[hetras](https://millionrounds.com/company/hetras)** Series E · DE **$5.6M** With 1 other - **Sept** **[Intelligent Reach](https://millionrounds.com/company/intelligent-reach)** Series A · GB **$2.6M** Sole investor - **Jul** **[Pulsant](https://millionrounds.com/company/pulsant)** Growth · GB **$26M** With 1 other - **Mar** **[Silent Herdsman](https://millionrounds.com/company/silent-herdsman)** Venture · GB **$4.5M** With 2 others - **Feb** **[Powervation](https://millionrounds.com/company/powervation)** Series C · US **$5.5M** With 3 others - **Feb** **[Car Loan 4U](https://millionrounds.com/company/car-loan-4u)** Growth · GB **$13M** Sole investor - **2013** 9 rounds - **Sept** **[Sumerian](https://millionrounds.com/company/sumerian)** Venture · GB · angelnews.co.uk **$3.6M** With 1 other - **Sept** **[Micron Technology](https://millionrounds.com/company/micron-technology)** Series C · US **$16M** Sole investor - **Sept** Series C **$16M** Sole investor - **Jul** **[Pure360](https://millionrounds.com/company/pure360)** Venture · GB · growingbusiness.co.uk **$16M** Sole investor - **Jun** **[CYBERHAWK Innovations](https://millionrounds.com/company/cyberhawk-innovations)** Seed · GB · altassets.net **$1.9M** Sole investor - **Jun** **[SocialBro](https://millionrounds.com/company/socialbro)** Series A · GB · techcrunch.com **$1.8M** With 3 others - **May** **[Mister Spex](https://millionrounds.com/company/mister-spex)** Series C · DE · thenextweb.com **$21M** With 3 others - **Jan** **[Smarter Grid Solutions](https://millionrounds.com/company/smarter-grid-solutions)** GB · sep.co.uk **$4.8M** With 2 others - **Jan** **[hetras](https://millionrounds.com/company/hetras)** Series D · DE **$5.3M** With 1 other - **2012** 15 rounds - **Dec** **[Powervation](https://millionrounds.com/company/powervation)** Series C · US · news.yahoo.com **$7.0M** With 4 others - **Oct** **[Green Highland Renewables](https://millionrounds.com/company/green-highland-renewables)** GB · growingbusiness.co.uk **$5.3M** Sole investor - **Sept** **[Matches Fashion](https://millionrounds.com/company/matches-fashion)** GB · finsmes.com **$20M** Sole investor - **Sept** **[SkyDox](https://millionrounds.com/company/skydox)** US · finsmes.com **$32M** With 1 other - **Sept** **[Workshare](https://millionrounds.com/company/workshare)** Debt · US · thenextweb.com **$32M** With 1 other - **Jul** **[Clavis Insight](https://millionrounds.com/company/clavis-insight)** IE **$2.4M** With 1 other - **May** **[WAYN](https://millionrounds.com/company/wayn)** GB **Undisclosed** Sole investor - **Jan** **[Reaqua Systems](https://millionrounds.com/company/reaqua-systems)** GB **Undisclosed** Sole investor - **Jan** **[CYBERHAWK Innovations](https://millionrounds.com/company/cyberhawk-innovations)** Seed · GB **Undisclosed** Sole investor - **Jan** **[hetras](https://millionrounds.com/company/hetras)** Series C · DE **$3.8M** With 1 other - **Jan** **[Green Highland Renewables](https://millionrounds.com/company/green-highland-renewables)** GB **Undisclosed** Sole investor - **Jan** **[Smarter Grid Solutions](https://millionrounds.com/company/smarter-grid-solutions)** GB **Undisclosed** Sole investor - **Jan** **[Anesco](https://millionrounds.com/company/anesco)** GB **Undisclosed** With 1 other An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **6 named** AD **Andrew Davison** Partner i Form ADV AL **Anthony Lawrence Robison** Partner i Form ADV CP **Calum Paterson** Managing Partner i Form ADV JC **Jan Carol Rutherford** Partner i Form ADV KR **Keith Robert Davidson** Partner i Form ADV SA **Stuart Andrew Weir Paterson** Partner i Form ADV We also hold **28** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$1.0B** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Scottish Equity Partners, LLP - **SEC number:** CRD 161989 ## Exits from the portfolio Companies it backed that were later bought or listed **15 in all** **[Powervation](https://millionrounds.com/company/powervation)** Bought by [ROHM Semiconductor](https://millionrounds.com/fund/rohm-semiconductor) **$70M** Jul 2015 **[Zinwave](https://millionrounds.com/company/zinwave)** Bought by McWane **Undisclosed** Feb 2014 **[ControlCircle](https://millionrounds.com/company/controlcircle)** Bought by Alternative Networks **Undisclosed** Jan 2014 **[Kiala](https://millionrounds.com/company/kiala)** Bought by UPS **Undisclosed** Feb 2012 **[VirtenSys](https://millionrounds.com/company/virtensys)** Bought by [Micron Technology](https://millionrounds.com/fund/micron-technology) **Undisclosed** Jan 2012 **[picoChip](https://millionrounds.com/company/picochip)** Bought by Mindspeed Technologies **$77M** Jan 2012 **[Zeus](https://millionrounds.com/company/zeus)** Bought by [Riverbed Technology](https://millionrounds.com/fund/riverbed-technology) **$110M** Jul 2011 **[Surfkitchen](https://millionrounds.com/company/surfkitchen)** Bought by Teleca **Undisclosed** Mar 2011 **[Essential Viewing](https://millionrounds.com/company/essential-viewing)** Bought by Digital Barriers **Undisclosed** Mar 2011 **[BioVex](https://millionrounds.com/company/biovex)** Bought by [Amgen](https://millionrounds.com/fund/amgen) **$1.0B** Jan 2011 **[Gigle Networks](https://millionrounds.com/company/gigle-networks)** Bought by [Broadcom](https://millionrounds.com/fund/broadcom-limited) **$75M** Nov 2010 **[Heartscape](https://millionrounds.com/company/heartscape)** Bought by Roper Industries **Undisclosed** Feb 2010 **[Tideway](https://millionrounds.com/company/tideway)** Bought by BMC Software **Undisclosed** Oct 2009 **[MTEM Limited](https://millionrounds.com/company/mtem-limited)** Bought by Petroleum Geo-Services **$275M** Jun 2007 **[Rhetorical Group plc](https://millionrounds.com/company/rhetorical-group-plc)** Bought by [ScanSoft](https://millionrounds.com/fund/scansoft) **Undisclosed** Jan 2004 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Pre-seed Seed Series A Median round joined **$33M** the round, not its cheque Alone, median **$8.9M** Led 1 of 141 rounds **1%** - **Sole investor:** 62 rounds - **Last cheque:** Feb 2026 - **Exits:** 15 from the portfolio Rounds by stage said on their site - Venture *21* - Series C *20* - Series B said *18* - Series A said *18* - Seed said *11* - Pre-seed said *-* - Growth said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Intel Capital](https://millionrounds.com/fund/intel-capital) 13 - [3i Group](https://millionrounds.com/fund/3i-group) 11 - [VentureTech Alliance](https://millionrounds.com/fund/venturetech-alliance) 6 - [Atlas Venture](https://millionrounds.com/fund/atlas-venture) 5 - [Braemar Energy Ventures](https://millionrounds.com/fund/braemar-energy-ventures) 5 - [Energy Capital Partners](https://millionrounds.com/fund/energy-capital-partners) 5 **Pitching Scottish Equity Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Scottish Equity Partners. A count of rooms they were both in, not a relationship either has claimed. [**Intel Capital** Corporate VC **13** rounds together](https://millionrounds.com/fund/intel-capital)[**3i Group** Private equity **11** rounds together](https://millionrounds.com/fund/3i-group)[**VentureTech Alliance** Growth equity **6** rounds together](https://millionrounds.com/fund/venturetech-alliance)[**Atlas Venture** VC firm **5** rounds together](https://millionrounds.com/fund/atlas-venture)[**Braemar Energy Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/braemar-energy-ventures)[**Energy Capital Partners** VC firm **5** rounds together](https://millionrounds.com/fund/energy-capital-partners)[**Pond Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/pond-ventures)[**4th Level Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/4th-level-ventures)[**Five Arrows Principal Investments** Private equity **4** rounds together](https://millionrounds.com/fund/five-arrows-principal-investments)[**Target Partners** VC firm **4** rounds together](https://millionrounds.com/fund/target-partners)[**Argo Global Capital** Growth equity **3** rounds together](https://millionrounds.com/fund/argo-global-capital)[**Cazenove Capital** Wealth manager **3** rounds together](https://millionrounds.com/fund/cazenove-capital) ## Recently backed The latest companies Scottish Equity Partners put money into. [**Zuto** $8.5M · Jul 2019](https://millionrounds.com/company/zuto)[**Immedis** $28M · Jun 2019](https://millionrounds.com/company/immedis)[**TotallyMoney** $37M · Dec 2018](https://millionrounds.com/company/totallymoney)[**Skyscanner** $192M · Jan 2016](https://millionrounds.com/company/skyscanner) ## Quick answers about Scottish Equity Partners ### What does Scottish Equity Partners invest in? Scottish Equity Partners invests most often at Venture and Series C (47% of the rounds on record), in sectors such as Enterprise Technology, AI and Data. ### How active is Scottish Equity Partners? 141 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Feb 2026. ### What has Scottish Equity Partners invested in recently? Its most recent investments on record: mea Platform (Growth, Feb 2026), Zuto (Undisclosed round, Jul 2019) and Immedis (Undisclosed round, Jun 2019). ### How big are Scottish Equity Partners's cheques? The median round it joins is $33M. ### Does Scottish Equity Partners lead rounds? Sometimes: it led 1 of its 141 investments on record (1%). ### Where does Scottish Equity Partners invest? Most of the companies it backs are in the United Kingdom (63%), the United States (20%) and Germany (11%). ### Is Scottish Equity Partners investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does Scottish Equity Partners invest alongside? Most often Intel Capital (13 rounds together), 3i Group (11 rounds together) and VentureTech Alliance (6 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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