Development Bank of Wales
Government fundCardiff · Pre-Seed–Late Stage · 10 people tracked
Team · 10 people
from public directories
What they invest in
from 5 of 5 portfolio companiesAI & Machine Learning ×2Hardware ×2AgTech ×1Biotech ×1Construction Tech ×1Developer Tools ×1Digital Health ×1EdTech ×1
HQs:United Kingdom×4
Investments · 5 tracked
founders shown can be your intro pathAgxio 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)Dan Jones(Co-founder, Sales & Finance)Amy Dron(Chief Communications Officer)
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)
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)Toby Townrow(Communications Director)John Young(Technical Director)
Co-investorsSunnybarn Investments
Sidekick Learning provides training and resources for behavior analysts to develop skills and competencies throughout their careers.
Digital HealthEdTechEnterprise SoftwareSaaS
Co-investorsTinySeedPact VCTheVentureCity
Portfolio news
latest coverage across their companiesBreaking Change · pulse2.com · Jun 10, 2026
Sidekick · wealthtechstrategy.com · Feb 7, 2026
Frequently asked questions
- 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 is a venture and private equity investment firm working with early-stage and growth-stage companies, providing capital along with strategic and operational support to portfolio companies.
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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