Sustainable Ventures, one of the world’s leading climate tech hubs, is launching a new base in Glasgow in partnership with Techscaler. This strategic move aims to bolster Scotland’s climate tech startup ecosystem, building on Sustainable Ventures’ impressive track record of supporting over 700 companies that have collectively raised over £1.1 billion in investment and created more than 6,000 jobs. With over 1,000 innovators at its London headquarters, the organisation is now bringing its expertise and resources to Scotland to drive innovation and accelerate the transition to net zero.
Its 53 investments via 7 funds to date make Sustainable Ventures one of the UK’s most active early-stage climate tech investors. Sustainable Ventures recently opened in Manchester and has an existing office in Cambridge, with the new base at Barclays campus in Glasgow marking its fourth hub opening in the UK.
Garry Boyle, Regional Development Associate, Sustainable Ventures, said: “We’re excited by our expansion into Scotland, and the move illustrates the importance and potential of climate tech and energy transition here. The overall plan is focussed on leveraging capital from London into Scotland alongside specialist support to help Scotland transition to net zero. We can’t wait to get started, and to get to work with founders and startups here.”
Alongside its venture capital arm, Sustainable Ventures works closely with portfolio companies through intensive 12-month programmes, one-to-one support, and the provision of professional services, to help accelerate growth and secure future funding rounds.
Techscaler, the Scottish Government’s tech startup programme run by CodeBase, is already supporting in the region of 100 climate tech companies across Scotland, startups who will now have the opportunity to access Sustainable Ventures via the partnership.
Yasmin Sulaiman, Senior VP of Ecosystems, CodeBase, said: “Sustainable Ventures is globally recognised for its commitment to providing space, community, funding, and general support to many of the UK’s most promising climate tech startups, so their decision to launch a hub here in Scotland is great news for our fast-growing climate tech sector and the overall push towards green transition.”
Deputy First Minister Kate Forbes said: “Unlocking the ideas and innovation that will support the journey to net zero is crucial, and Scotland is already home to a significant number of startups and businesses developing important solutions to global challenges.”
“This new partnership will help out newest and most exciting business ventures to develop and scale the technologies and products that will become increasingly important in the coming years, while driving Glasgow’s economy and growing its reputation as a thriving, innovative city.”
For more information about Sustainable Ventures: https://www.sustainableventures.co.uk/
About Techscaler
The Scottish Government-funded Techscaler programme run by CodeBase was launched in 2022. In 2023 it numbered over 2,500 members and companies who raised over £50 million in investment. Techscaler helps members through education, mentorship, community, and workspaces, and was set up to deliver on key priorities outlined in the Scottish Tech Ecosystem Review (STER), and in the National Strategy for Economic Transformation (NSET), to strengthen the country’s tech sector and encourage entrepreneurship.
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