The Development Bank of Wales
Type of organisation: Professional Services & Suppliers
The Development Bank of Wales invests seed and growth capital in high-growth technology businesses. They work with ventures based in or willing to move to Wales. Launched in October 2017, the development bank has a dedicated technology investment team. They offer seed finance for start-up and pre-revenue technology businesses from £50,000 up to £150,000 per round. They can also make first round equity investments from £50,000 to £2 million in start-up and early growth companies. Their technology investment executives are also able to make follow-on rounds and they can support companies for Series A funding up to IPO.
Active co-investors, the development bank also has its own angel network – Angels Invest Wales. Through their investment platform they can put sophisticated investors and high net worth individuals (HNWs) in touch with exciting business opportunities. The development bank is also able to co-invest alongside other funders and business angels – including those introduced to them via Angels Invest Wales.
The Development Bank of Wales news articles
26 May 2021
Development Bank of Wales Provides Funding to New Care Home Business
22 April 2021
New Technology Supports Development Bank’s Digital Transformation
30 March 2021
Two business relocate with Development Bank and Council Backing