Development Bank of Wales
VC🇬🇧 United KingdomInvestment thesis
Welsh Government-owned development bank and the architecture of the Welsh funding market, almost always involved as a co-investor or lender. Its venture capital arm backs exceptional teams with product-market fit and unique technology in growing markets, from late-seed through Series A and beyond; the wider group manages £2bn+ and can do debt, mezzanine and equity up to £10m.
Notable portfolio
AntiverseCreo MedicalAMPLYFIWagonex
Sector focus
AIClimateFintechMedtechEnterprise SoftwareAdvanced materialsB2BSaaSTechnology (TMT)Life sciencesHealthCommercial products & services