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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
130
Total Invested
$186.6M
Average Investment
$2.3M

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

Company NameFoundedFunding StageAmountCity
Tahdah2021SeedUndisclosedLlandudno
Menna2024Pre-SeedUndisclosedCardiff
Moneyshake2022SeedUndisclosedNewcastle Under Lyme
BiVictriX Therapeutics2024GrantUndisclosedAlderley Edge
Space Forge2026Grant$30.2MCardiff
Route Konnect2022Pre-SeedUndisclosedCardiff
Bond Digital Health2022Equity CrowdfundingUndisclosedCardiff
Bot-Hive2022Pre-SeedUndisclosedBristol
Open Moove2026Pre-SeedUndisclosedCardiff
Concentric Health2022GrantUndisclosedCardiff

Complete List of Development Bank of Wales Portfolio Companies (130)

Export
#CompanyStageAmountLocation
1TahdahSeedUndisclosedLlandudno, United Kingdom
2MennaPre-SeedUndisclosedCardiff, United Kingdom
3MoneyshakeSeedUndisclosedNewcastle Under Lyme, United Kingdom
4BiVictriX TherapeuticsGrantUndisclosedAlderley Edge, United Kingdom
5Space ForgeGrant$30.2MCardiff, United Kingdom
6Route KonnectPre-SeedUndisclosedCardiff, United Kingdom
7Bond Digital HealthEquity CrowdfundingUndisclosedCardiff, United Kingdom
8Bot-HivePre-SeedUndisclosedBristol, United Kingdom
9Open MoovePre-SeedUndisclosedCardiff, United Kingdom
10Concentric HealthGrantUndisclosedCardiff, United Kingdom
AppsInternetProfessional NetworkingSaaSSocial Network

Tahdah is a multi-tenant software as a service platform that provides unique benefits and functionalities for each of its different users.

Llandudno, United Kingdom
September 2021
Seed

Founder Contacts

19,000+ verified contacts

AdviceArtificial Intelligence (AI)Financial Services

Menna is a financial company that provides artificial intelligence and advisory services.

Cardiff, United Kingdom
September 2024
Pre-Seed

Founder Contacts

19,000+ verified contacts

AutomotiveService Industry

Moneyshake helps people find the best lease deals quickly by comparing prices from the providers.

Newcastle Under Lyme, United Kingdom
June 2022
Seed

Founder Contacts

19,000+ verified contacts

BiotechnologyLife SciencePharmaceuticalTherapeutics

Biotech is a biotechnology company that develops cancer therapies.

Alderley Edge, United Kingdom
June 2024
Grant

Founder Contacts

19,000+ verified contacts

AerospaceHardwareManufacturingRoboticsSemiconductor

Space Forge develops reusable satellites for manufacturing materials in space.

Cardiff, United Kingdom
June 2026
$30.2M
Grant

Founder Contacts

19,000+ verified contacts

AnalyticsAutonomous VehiclesInformation ServicesInformation TechnologyInfrastructureInternet of ThingsMachine LearningPollution Control

Route Konnect is a AI based software company.

Cardiff, United Kingdom
May 2022
Pre-Seed

Founder Contacts

19,000+ verified contacts

AppsHealth CareInformation TechnologySoftware

Bond Digital Health is a technology company developing end-to-end digital connectivity for the point-of-care diagnostics market.

Cardiff, United Kingdom
May 2022
Equity Crowdfunding

Founder Contacts

19,000+ verified contacts

Industrial AutomationLogisticsMachinery ManufacturingManufacturingRobotics

Bot-Hive is building the future of flexible automation.

Bristol, United Kingdom
April 2022
Pre-Seed

Founder Contacts

19,000+ verified contacts

CollaborationDeveloper ToolsEnterprise SoftwareSoftware

Open Moove is a software platform that provides tools for property transactions, collaboration, and workflow management.

Cardiff, United Kingdom
April 2026
Pre-Seed

Founder Contacts

19,000+ verified contacts

Health CareMedicalSoftware

The market leading digital consent to treatment application.

Cardiff, United Kingdom
April 2022
Grant

Founder Contacts

19,000+ verified contacts

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

AnalyticsArtificial Intelligence (AI)Machine Learning

Agxio enables artificial intelligence, data science & digital innovation solutions for the agriculture, biotech & life sciences industries.

Aberystwyth, United Kingdom
March 2022
Seed

Founder Contacts

19,000+ verified contacts

BlockchainEnterprise ApplicationsIndustrial AutomationIndustrial ManufacturingInternetSaaSSoftwareSupply Chain Management

Finboot is a software company that provides green supply chain management solutions for manufacturing companies.

London, United Kingdom
March 2024
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

Cyber SecuritySecurity

Hut Six Security is a company that protects organizations from the most prevalent cause of security breaches.

Newport, United Kingdom
February 2023
Seed

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)AutomotiveBig DataCloud Data ServicesData MiningData VisualizationGenerative AIMachine LearningPredictive AnalyticsSoftware

Agentic AI Platform. Create, Test and Deploy AI's without writing any code. Merge AI models for better performance.

London, United Kingdom
February 2025
Non-equity Assistance

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

BlockchainCryptocurrencyFinancial ServicesFinTechInsurTech

CoinCover is a cryptocurrency insurance-backed technology that helps protect digital assets from hacks and human error.

Cardiff, United Kingdom
February 2026
Venture - Series Unknown

Founder Contacts

19,000+ verified contacts

AutomotiveCar SharingE-CommerceFinTechRental

Finalrentals is a global car rental platform specializing in digital booking systems and subscriptions.

Cardiff, United Kingdom
February 2025
Seed

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

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

FinanceFinancial ServicesFinTechWealth Management

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

London, United Kingdom
January 2025
$5.0M
Venture - Series Unknown

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
$433K
Pre-Seed

Founder Contacts

19,000+ verified contacts

Artificial Intelligence (AI)BiotechnologyMachine LearningMachinery ManufacturingManufacturing

Reagent manufacturers and inventors of PurifAI

Aberystwyth, 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

Showing 1-25 of 130 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 130 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 Artificial Intelligence (AI), Machine Learning, Health Care, Software, Biotechnology. The firm invests across 65 different industry categories.

What is Development Bank of Wales's largest investment?

Among tracked funding rounds, Space Forge received $30.2M in a Grant 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 130 companies.

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

Recent Development Bank of Wales portfolio additions include Tahdah, Menna, Moneyshake, BiVictriX Therapeutics, Space Forge. These companies were founded in 2020 or later.

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