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Development Bank of Wales

Micro VCActive

Development Bank of Wales provides flexible finance for businesses based in Wales.

Cardiff, United KingdomFounded 2016developmentbank.wales/
191
Investments
2
Exits
£700M
AUM
1.0%
Exit Rate

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Investment Thesis & Strategy

Development Bank of Wales invests in various stages of fintech, commercial, and venture capital companies based in Wales, providing flexible financing solutions.

Investment Activity

Deals per year over the last 6 years

2
2018
6
2019
0
2020
1
2021
2
2022
1
2023

Portfolio Companies

Selected investments from their portfolio of 191 companies

N
Nudjed
Healthcare · Series A, 2023
Active
Q
Quantum Science
Other · Series A, 2022
Active
C
Concentric Health Experience
Healthcare · Series A, 2022
Active
F
Focal Point Positioning
IoT · Series A, 2021
Active
R
Rhondda Cynon Taf County Borough Council
Other · Growth, 2019
Active
E
EnviroSolutions
Cleantech · Growth, 2019
Active
P
ProMo-Cymru
Other · Growth, 2019
Active
C
Cymru Estates
Real Estate · Growth, 2019
Active
C
Cynnal Cymru
Other · Growth, 2019
Active
L
Liberty Marketing
Other · Growth, 2019
Active
T
Thermal Compaction Group
Other · Growth, 2018
Active
T
TrakCel
Biotech · Series C+, 2018
Active

Notable Exits

CompanyTypeYearValue / Acquirer
QuantinuumAcquisition2021—
SPTS TechnologiesAcquisition2011—

Frequently Asked Questions

Development Bank of Wales focuses on Seed, Series A stage investments.

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