Around £705m of venture capital (VC) was invested into Scottish businesses last year - the largest amount on record, according to KPMG’s latest survey.
Despite investor activity dipping in the final quarter of last year, Scotland’s overall performance during 2022 bucked global and UK trends, with investment volumes growing by 12% year-on-year.
By comparison, VC investment in the UK fell by 30% in 2022.