News
Scotland attracts record 76 new funders to the market in 2025
A record 76 funders backed Scottish companies with risk capital for the first time in 2025, up from 73 in 2024, according to the latest Annual Newcomers Report from Young Company Finance (YCF), which tracks the financing of early-stage companies in Scotland.
Midlothian Science Zone-based Rhizocore Technologies is one of those companies, attracting five investors to the Scottish risk capital market for the first time including The First Thirty, The Grosvenor Estate and Sand River, investing alongside Scottish Enterprise and the University of Edinburgh’s Old College Capital.
Source: Scottish Financial News
Biotech firm raises £4.5M for North American expansion
Rhizocore Technologies, a biotechnology company which uses fungi to improve tree growth and survival rates, has secured £4.5 million in investment to scale its innovative approach to forestry and woodland restoration. This investment comes after surging demand for Rhizocore’s fungal tree health pellets.
How mushroom-powered trees are growing Scotland's future forests
How mushroom-powered trees are growing Scotland's future forests
Pellets developed by Midlothian-based start-up Rhizocore Technologies, contain native ectomycorrhizal fungi that form underground networks to support tree growth.
Source: The Herald
Rhizocore Leads Innovative Project to Tackle Agricultural Pollution with Fungi Bio-Filters
Rhizocore Technologies Ltd has secured a £1 million Defra grant to advance a fungi-based bio-filtration system designed to mitigate agricultural water pollution.
In collaboration with The James Hutton Institute, Harper Adams University, and Cheshire Wildlife Trust, this initiative aims to deliver scalable, nature-based solutions for improving water quality.