Fundraising FoxDevelopment Bank of Wales
Government fundCardiff · Seed–Series A · 10 people tracked
Find your way into Development Bank of Wales
Sign up to see every warm intro you have to Development Bank of Wales
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Development Bank of Wales team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
Team · 10 people
from public directories
What they invest in
from 17 of 17 portfolio companiesAI & Machine Learning ×6SaaS ×5Enterprise Software ×3Fintech ×3Hardware ×3Healthtech ×3Biotech ×2Cleantech ×2
HQs:United Kingdom×9United States×1
Investments · 17 tracked
founders shown can be your intro pathBy year:2026 · 42025 · 12024 · 12021 · 22018 · 19 dated
Agxio builds AI, data science and machine learning applications focused on the biotech, life sciences and agricultural science industries, addressing complex business problems for those sectors.
AgTechAI & Machine LearningBiotechAberystwyth, GB
Dr. Stephen Christie(Co-founder, CEO & Chief Scientist)Dave Gregory(Co-founder, COO)inDan Jones(Co-founder, Sales & Finance)inAmy Dron(Chief Communications Officer)in
Co-investorsOutrun Ventures
Amotio develops a guided bone cement removal system with patient-specific surgical planning and precision instrumentation for orthopaedic revision surgery, targeting arthroplasty and revision surgeons who work with cemented joint implants.
HardwareHealthtechMedical Devices
Iestyn Foster(Founder & CEO)in
Co-investorsNLC
Breaking Change develops software infrastructure for game development systems—vehicles, weapons, progression, and economies—that combines simulation technology with AI-assisted authoring to help studios build complex gameplay systems faster.
AI & Machine LearningDeveloper ToolsGamingWales, GB
Co-investorsHaatchSaola Ventures
Drone Evolution provides drone-based inspection and survey services—including roof, infrastructure and asset inspections, thermal surveys and 3D modelling—using employed pilots operating across the UK for sectors such as construction, utilities, housing associations, local government and property.
Construction TechHardwareRoboticsCaerphilly, GB
Clayton Earney(Operations Director)inToby Townrow(Communications Director)inJohn Young(Technical Director)
Co-investorsSunnybarn Investments
Awen Oncology is a drug discovery company developing first-in-class oncology therapeutics that target cancer-specific proteins found only in tumor cells, aiming for treatments with improved efficacy and fewer side effects.
AI & Machine LearningBiotechHealthtech
Prof. Andrea Brancale(Chairman, Co-Founder)inDr. Ramsay McFarlane(CEO, Co-Founder)inDr. Jane Wakeman(CSO, Co-Founder)
Co-investorsStart Codon
Bikmo provides cycle insurance and cycle business insurance to riders across Europe.
FintechInsurTechSports Tech
Co-investorsPuma Private Equity
Coincover provides encryption-based protection and recovery for crypto private keys, sharding key material across independent parties so no single provider holds a complete key.
Crypto & Web3CybersecurityFintechCardiff, GB
David J.(Founder)inDavid JanczewskiAdam Smithin
Co-investors13books CapitalF-Prime CapitalFoundation CapitalInsurtech Gateway FundValor Equity PartnersElement Ventures+2 more
Delio is an infrastructure provider offering a white-label, AI-powered operating system for financial firms to deliver digital private markets platforms.
AI & Machine LearningEnterprise SoftwareFintechSaaS
Gareth Lewis(Co-founder & Co-Chief Executive)inGareth Morgan(Co-Chief Executive)in
Co-investorsMaven Capital PartnersOctopus Ventures
Ecodetect provides AI-powered environmental monitoring systems for offshore energy infrastructure, including wind, tidal, solar, and oil and gas installations, with services spanning consulting, equipment procurement, installation, and compliance reporting.
AI & Machine LearningCleantechClimate TechEnergyImpact & Social GoodIoT
David Gold(Founder & CEO)in
Co-investorsOne Planet CapitalWales Angel Co-Investment Fund
Hexigone develops corrosion-inhibition technology through its Intelli-ion "smart-release" platform (including the bio-based PX1 series) used in protective coatings, supplying coatings manufacturers with lower-carbon, safer inhibitors at over 800 MT per year.
Advanced ManufacturingCleantechNew MaterialsSwansea, GB
Patrick Dodds(Founder)in
Co-investorsOxford Investment Opportunity Network (OION)Sunnybarn InvestmentsFuture Planet CapitalUK Innovation & Science Seed Fund
Xplore operates a low Earth orbit satellite constellation that delivers remote sensing data, edge computing capabilities, and satellite operations software.
Data & InfrastructureIoTSaaSSpace TechDenton, US
Marshall Kulpepper(Executive Officer, Director)Dave Sims(Executive Officer)Tyler Browder(Executive Officer)Jesse Hamner(Executive Officer)
Co-investorsAutochrome VenturesBatshit Crazy VenturesDraper AssociatesDraper DragonGGV CapitalInnovate UK+1 more
Sidekick Learning provides training and resources for behavior analysts to develop skills and competencies throughout their careers.
Digital HealthEdTechEnterprise SoftwareSaaS
Co-investorsTheVentureCityTinySeedPact VC
Sidekick is a live video streaming platform where streamers and traders broadcast to communities in real time, with integrated chat and audience interaction features like tips and gifts.
Media & EntertainmentSocial
Co-investorsY2Z VenturesPact VCTheVentureCity
Sidekick sells the AxisBoard, a physical training and rehabilitation device used to improve foot stability, control, and address issues such as Achilles tendon problems and stiffness.
ConsumerHardwareHealthtech
Hin Lai(Founder)in
Co-investorsEdmonton UnlimitedColumbia Lake PartnersMS&AD VenturesOctopus VenturesPact VCSemantic Ventures+1 more
Shipsidekick provides a logistics platform combining warehouse management, order management, transportation management, and ERP functions, with an AI assistant, for shippers and third-party logistics providers (3PLs).
AI & Machine LearningLogistics & Supply ChainSaaS
Co-investorsMute VenturesColumbia Lake PartnersMS&AD VenturesOctopus VenturesPact VCSemantic Ventures+1 more
SimplyDo provides a digital platform for capturing and managing ideas and innovation, used to help organisations drive innovation and organisational change.
Enterprise SoftwareFuture of WorkGovTechSaaS
Lee(Co-founder)Will(Co-founder)
Co-investorsSunnybarn Investments
Space Forge develops high-quality substrates for semiconductor applications, using microgravity manufacturing in space to reduce material defects and produce higher-purity, higher-performance materials.
New MaterialsSemiconductorsSpace TechCardiff, GB
Joshua Western(Founder)in
Co-investorsE2MC VenturesGaingelsHelios CapitalHelium-3 VenturesStarbridge Venture Capital LlcTrousdale Ventures+7 more
__Twitter.png)
Exits · 1
1 acquisitionsKubosacq. by Xplore
Portfolio news
latest coverage across their companiesBreaking Change · finsmes.com · Jun 8, 2026
Hexigone · hexigone.com · Jun 2, 2026
Space Forge · finance.yahoo.com · Jun 5, 2025
Frequently asked questions
- How many investments has Development Bank of Wales made?
- Development Bank of Wales has 17 tracked investments, 1 of which have exited, including 5 dated in the last 24 months.
- What stage does Development Bank of Wales invest at?
- Development Bank of Wales invests at the Seed, Series A stages.
- What is Development Bank of Wales's typical check size?
- Development Bank of Wales typically writes checks of $12.7K – $12.7M.
- What sectors does Development Bank of Wales focus on?
- Development Bank of Wales focuses on Advanced Manufacturing, Biotech, Energy, Enterprise Software, Hardware, Healthtech, IoT, Media & Entertainment, PropTech, SaaS.
- Where is Development Bank of Wales located?
- Development Bank of Wales is headquartered in Cardiff, GB.
Co-investors · 8
Addition is a venture capital firm that invests in early and growth-stage tech companies.
Volt Capital is a crypto-native venture fund that originated from the Token Daily community platform and maintains a separate validator arm to deeply understand blockchain networks they don't even invest in. The firm focuses on early-stage companies that use crypto rails but have familiar Web2-style business models, deliberately targeting overlooked areas from previous cycles while other VCs chase newer narratives.
FinTech Collective is a venture capital firm partnering with founders building companies that reshape financial markets and reimagine money in a digital world.
.svg)
World Fund is a European climate tech venture capital firm financing the transition to a decarbonised global economy, investing only in scalable technologies with significant emissions-reduction potential.
13books Capital is a venture capital firm that invests in early-stage financial technology startups, backing founders building the future of finance.
Type One Ventures is a multi-stage venture capital firm focused on funding founders building technologies, infrastructure, and industrial systems aimed at advancing humanity toward an abundant, self-sufficient, and interplanetary future.
1435 Capital Management is an early-stage and growth-stage venture investor that backs technology companies across sectors and invests in late-stage pre-IPO secondaries.
SpaceFund is an early-stage venture capital fund focused exclusively on startups in the commercial space industry, backing companies building space infrastructure, transportation, components, and supply chains.
Firms observed investing alongside Development Bank of Wales, from public investor directories. Shared companies are the overlap with Development Bank of Wales's recorded portfolio.
Similar investors
Everywhere Ventures is an early-stage venture firm that writes pre-seed checks and is backed by a community of founder and operator LPs.
BDC (Business Development Bank of Canada) is a Canadian financial institution that has supported small and medium-sized businesses across all industries and stages of growth for over 80 years, providing financing and advisory services.
The Alibaba Entrepreneurs Fund is a not-for-profit initiative of Alibaba Group that provides investment capital and strategic guidance to entrepreneurs and young people, focusing on Hong Kong and Taiwan-nexus startups.
Karista is an early-stage European venture capital firm founded in 2001 that invests in Health, DeepTech (Space & Defense) and Digital companies, typically leading rounds from Seed to Series B+.
Celesta Capital is a venture capital firm that partners with early-stage deep-technology startups, providing capital alongside operational support in scaling technology, go-to-market strategy, team building, and customer and partner introductions.