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Development Bank of Wales

VC🇬🇧 United Kingdom

Investment 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