Development Bank of Wales
Government fundCardiff · Pre-Seed–Late Stage · 10 people tracked
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968 people in our graph share verified history with the Development Bank of Wales team — schools, employers, funds. One of them is your warm intro.
Team · 10 people
from public directories
What they invest in
from 12 of 12 portfolio companiesAI & Machine Learning ×4Hardware ×3Healthtech ×3Biotech ×2Cleantech ×2IoT ×2SaaS ×2Advanced Manufacturing ×1
HQs:United Kingdom×7United States×1
Investments · 12 tracked
founders shown can be your intro pathBy year:2026 · 32024 · 14 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
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-investorsBatshit Crazy VenturesAutochrome 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-investorsTinySeedPact VCTheVentureCity
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
Exits · 1
1 acquisitionsKubosacq. by Xplore
Portfolio news
latest coverage across their companies
Kubos · business-live.co.uk · Aug 11, 2026
Breaking Change · pulse2.com · Jun 10, 2026
Hexigone · ukinnovationscienceseedfund.co.uk · Jun 9, 2026
Ecodetect · finsmes.com · May 1, 2026
Awen Oncology · business-live.co.uk · Apr 24, 2026
Sidekick · wealthtechstrategy.com · Feb 7, 2026
Sidekick · wealthtechstrategy.com · Feb 7, 2026
Sidekick · wealthtechstrategy.com · Feb 7, 2026
Frequently asked questions
- How many investments has Development Bank of Wales made?
- Development Bank of Wales has 12 tracked investments, 1 of which have exited, including 3 dated in the last 24 months.
- What stage does Development Bank of Wales invest at?
- Development Bank of Wales invests at the Pre-Seed, Seed, Series A, Series B, Series C, Late Stage 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.
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World Fund is a climate tech venture capital firm that invests in startups with significant climate performance potential, using a proprietary science-based methodology to quantify potential CO2e savings.
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 SLLC is a private-market focused investment firm with locations in New Jersey and Massachusetts.
An early-stage venture capital fund focused exclusively on backing entrepreneurs building the space economy, including infrastructure, intelligence, and commercial capability for space operations and exploration.
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.
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