Development Bank of Wales — Full Portfolio

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

IFIestyn Foster(Founder & CEO)in

Co-investorsNLNLC

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-investorsHAHaatchSASaola 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

CEClayton Earney(Operations Director)inTTToby Townrow(Communications Director)inJohn Young(Technical Director)

Co-investorsSUSunnybarn 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

PAProf. Andrea Brancale(Chairman, Co-Founder)inDr. Ramsay McFarlane(CEO, Co-Founder)inDr. Jane Wakeman(CSO, Co-Founder)

Co-investorsSTStart Codon

Bikmo provides cycle insurance and cycle business insurance to riders across Europe.

FintechInsurTechSports Tech

Co-investorsPUPuma 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

DJDavid J.(Founder)inDJDavid JanczewskiASAdam Smithin

Co-investors1313books CapitalF-F-Prime CapitalFOFoundation CapitalINInsurtech Gateway FundVAValor Equity PartnersELElement 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

GLGareth Lewis(Co-founder & Co-Chief Executive)inGMGareth Morgan(Co-Chief Executive)in

Co-investorsMAMaven Capital PartnersOCOctopus 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-investorsONOne Planet CapitalWAWales 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

PDPatrick Dodds(Founder)in

Co-investorsOXOxford Investment Opportunity Network (OION)SUSunnybarn InvestmentsFUFuture Planet CapitalUKUK 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-investorsAUAutochrome VenturesBABatshit Crazy VenturesDRDraper AssociatesDRDraper DragonGGGGV CapitalINInnovate UK+1 more

Sidekick Learning provides training and resources for behavior analysts to develop skills and competencies throughout their careers.

Digital HealthEdTechEnterprise SoftwareSaaS

Co-investorsTHTheVentureCityTITinySeedPAPact 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-investorsY2Y2Z VenturesPAPact VCTHTheVentureCity

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

HLHin Lai(Founder)in

Co-investorsEDEdmonton UnlimitedCOColumbia Lake PartnersMSMS&AD VenturesOCOctopus VenturesPAPact VCSESemantic 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-investorsMUMute VenturesCOColumbia Lake PartnersMSMS&AD VenturesOCOctopus VenturesPAPact VCSESemantic 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

LLee(Co-founder)WWill(Co-founder)

Co-investorsSUSunnybarn 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

JWJoshua Western(Founder)in

Co-investorsE2E2MC VenturesGAGaingelsHEHelios CapitalHEHelium-3 VenturesSTStarbridge Venture Capital LlcTRTrousdale Ventures+7 more