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Development Bank of Wales Portfolio Companies

Investor actively backing innovative startups and growth-stage companies across various industries and funding rounds.

Last updated: July 2026

Development Bank of Wales Investment Overview

Portfolio Companies
90
Total Invested
$186.6M
Average Investment
$2.3M

Development Bank of Wales's Most Recent Investments (2020+)

Company NameFoundedFunding StageAmountCity
IQ Endoscopes2026Series UnknownUndisclosedCambridge
Antiverse2026Series A$9.3MCardiff
Jellagen2026Corporate RoundUndisclosedPembroke Dock
PlantSea2026GrantUndisclosedGaerwen
MeOmics Technology2026Undisclosed$408KCardiff
Sidekick2026Series A$10.9MLondon
Academii2026Series A$1.4MCardiff
spacebands2026Undisclosed$1.5MCardiff
Llusern Scientific2025Equity Crowdfunding$57KCardiff
Reacta Healthcare2025Series Unknown$3.7MDeeside

Complete List of Development Bank of Wales Portfolio Companies (90)

Export
#CompanyStageAmountLocation
1IQ EndoscopesSeries UnknownUndisclosedCambridge, United States
2AntiverseSeries A$9.3MCardiff, United Kingdom
3JellagenCorporate RoundUndisclosedPembroke Dock, United Kingdom
4PlantSeaGrantUndisclosedGaerwen, United Kingdom
5MeOmics TechnologyUndisclosed$408KCardiff, United Kingdom
6SidekickSeries A$10.9MLondon, United Kingdom
7AcademiiSeries A$1.4MCardiff, United Kingdom
8spacebandsUndisclosed$1.5MCardiff, United Kingdom
9Llusern ScientificEquity Crowdfunding$57KCardiff, Australia
10Reacta HealthcareSeries Unknown$3.7MDeeside, Australia
Health CareHealth DiagnosticsMedical Device

IQ Endoscopes is a range of single-use flexible endoscopes that provides images of the full length.

Cambridge, United States
March 2026
Series Unknown

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)BiotechnologyHealth CareLife ScienceMachine Learning

Antiverse is dedicated to engineering the future of drug development to change the course of people's lives.

Cardiff, United Kingdom
March 2026
$9.3M
Series A

Founder Contacts

19,000+ verified contacts

BiotechnologyHealth CareLife ScienceMedical

Jellagen is a medtech company offering high grade native collagen sourced from jellyfish.

Pembroke Dock, United Kingdom
February 2026
Corporate Round

Founder Contacts

19,000+ verified contacts

AquacultureBiotechnologyPlastics and Rubber ManufacturingRecyclingSustainability

PlantSea manufactures and develops sustainable products using seaweed and aquaculture materials.

Gaerwen, United Kingdom
February 2026
Grant

Founder Contacts

19,000+ verified contacts

BiotechnologyHealth CareHealth DiagnosticsMedical

MeOmics Technology is a biotech firm specializing in mental health diagnosis and treatment improvement.

Cardiff, United Kingdom
February 2026
$408K
Undisclosed

Founder Contacts

19,000+ verified contacts

FinanceFinancial ServicesPersonal Finance

Sidekick offers expertly-managed portfolios for the modern investor.

London, United Kingdom
February 2026
$10.9M
Series A

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)EducationE-Learning

Academii operates as an eLearning platform that provides engaging, bite-size and high-quality content.

Cardiff, United Kingdom
January 2026
$1.4M
Series A

Founder Contacts

19,000+ verified contacts

CommercialElectronicsPaaSPublic Safety

spacebands creates software and wearable technology that aims to make workplaces safer.

Cardiff, United Kingdom
January 2026
$1.5M
Undisclosed

Founder Contacts

19,000+ verified contacts

Health DiagnosticsManufacturingMedicalMedical Device

Llusern Scientific specializes in rapid and affordable point-of-care molecular diagnostics developed to detect infections.

Cardiff, Australia
December 2025
$57K
Equity Crowdfunding

Founder Contacts

19,000+ verified contacts

BiotechnologyClinical TrialsManufacturing

Reacta Healthcare develops diagnostic solutions and challenge meals for food allergy testing and clinical research.

Deeside, Australia
November 2025
$3.7M
Series Unknown

Founder Contacts

19,000+ verified contacts

ConsultingManufacturingPharmaceutical

​Reacta Biotech is develop, manufacture and commercialise oral food challenge materials to pharmaceutical standards.

Manchester, United Kingdom
November 2025
$3.7M
Series Unknown

Founder Contacts

19,000+ verified contacts

Sensor

Quantum Light Metrology (QLM) is a Bristol, UK- based startup developing ultra-compact, high-precision quantum optical sensors.

Bristol, United Kingdom
September 2025
$4.7M
Seed

Founder Contacts

19,000+ verified contacts

Health CareMedical

Amotio Health is a medical technology start-up focused on innovation in orthopaedic revision surgery.

Cwmbran, United Kingdom
July 2025
$1.1M
Pre-Seed

Founder Contacts

19,000+ verified contacts

HardwareManufacturingRoboticsSemiconductor

Space Forge develops reusable satellites for manufacturing materials in space.

Cardiff, United Kingdom
May 2025
$30.0M
Series A

Founder Contacts

19,000+ verified contacts

Non ProfitProperty ManagementReal EstateResidential

Tirion Homes is a non-profit residential developer, owner, and estate manager focused on housing and community development.

Cardiff, United Kingdom
April 2025
$22.9M
Debt Financing

Founder Contacts

19,000+ verified contacts

Auto InsuranceCommercial InsuranceInsurance

Driverly offers auto insurance and commercial insurance services.

Cardiff, United Kingdom
February 2025
Seed

Founder Contacts

19,000+ verified contacts

ConsultingFinanceFinancial ServicesFinTechWealth Management

Prosper is a wealth management platform that maximizes members' potential wealth through pensions, investments, and savings plans.

London, United Kingdom
January 2025
$5.0M
Seed

Founder Contacts

19,000+ verified contacts

BankingFinTechSustainability

Reinventing banking for the generation that needs to put the planet first

Cardiff, United Kingdom
January 2025
$1.4M
Equity Crowdfunding

Founder Contacts

19,000+ verified contacts

Pelly a talent management sports platform combines AI with a user interface to help sports organisations.

Menai, United Kingdom
January 2025
$435K
Pre-Seed

Founder Contacts

19,000+ verified contacts

ConfectioneryFood and BeverageWholesale

Mr Holt’s engaged in the manufacture and wholesale of confectionery products.

Llangefni, United Kingdom
January 2025
$328K
Debt Financing

Founder Contacts

19,000+ verified contacts

CyclingInsuranceInsurTechSports

Bikmo offers comprehensive insurance for bikes, gear, and cyclists, providing thorough protection for cycling enthusiasts.

Chester, United Kingdom
December 2024
$6.0M
Private Equity

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)BiotechnologyMachine LearningMachinery ManufacturingManufacturing

Reagent manufacturers and inventors of PurifAI

Cardiff, United Kingdom
December 2024
$679K
Seed

Founder Contacts

19,000+ verified contacts

CoffeeFood and BeverageHospitality

Coffi Lab provides exceptional coffee, comfortable meeting places, and friendly hospitality.

Cardiff, United Kingdom
December 2024
$2.1M
Seed

Founder Contacts

19,000+ verified contacts

Brewing

Barti Rum produces alcoholic beverages.

Neyland, United Kingdom
November 2024
$287K
Debt Financing

Founder Contacts

19,000+ verified contacts

Advanced MaterialsManufacturingRenewable EnergySemiconductor

Lineat uses reclaimed carbon fiber to produce a fiber aligned tape that can be used to manufacture new composite components.

Bristol, United Kingdom
October 2024
$1.8M
Seed

Founder Contacts

19,000+ verified contacts

Showing 1-25 of 90 portfolio companies

Frequently Asked Questions About Development Bank of Wales

How many companies has Development Bank of Wales invested in?

Development Bank of Wales has invested in 90 companies tracked in our database. The portfolio spans multiple industries and funding stages, from seed-stage startups to late-stage companies.

What industries does Development Bank of Wales invest in?

Development Bank of Wales's top investment sectors include Biotechnology, Manufacturing, Health Care, Medical, Health Diagnostics. The firm invests across 51 different industry categories.

What is Development Bank of Wales's largest investment?

Among tracked funding rounds, Space Forge received $30.0M in a Series A round. Development Bank of Wales's total known invested capital is $186.6M.

What is the average investment size for Development Bank of Wales?

Development Bank of Wales's average investment size is $2.3M across its portfolio of 90 companies.

What are Development Bank of Wales's most recent investments?

Recent Development Bank of Wales portfolio additions include IQ Endoscopes, Antiverse, Jellagen, PlantSea, MeOmics Technology. These companies were founded in 2020 or later.

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