Development Bank of Wales
VC Fund
Cardiff, United Kingdom
Development Bank of Wales is an independent company, providing commercial funding to Welsh SMEs. They invests private and public funds, including EU funds.
- Total investments:
- 288
- Last investment:
- Lead investor:
- 62%
- Fund size:
- $27M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Development Bank of Wales invests in
Stages Development Bank of Wales invests in
Countries Development Bank of Wales invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 13 contacts → | |||
Round size
- Seed
- $327k–$3M
- Debt Financing
- $19k–$3.7M
- Venture - Series Unknown
- $350k–$5.4M
Investment Focus
Industry
- Software 37 (13%)
- Health Care 29 (10%)
- Manufacturing 27 (9%)
- Biotechnology 23 (8%)
- Information Technology 19 (7%)
Stage
- Seed 80 (28%)
- Debt Financing 60 (21%)
- Venture - Series Unknown 42 (15%)
- Pre-Seed 22 (8%)
- Funding Round 17 (6%)
Country
- United Kingdom 190 (66%)
- Australia 10 (3%)
- United States 3 (1%)
- United Arab Emirates 2 (1%)
- Italy 1 (0%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Gareth Bullock
Chairman
|
Chairman | Total investments: 0 | Find email | |
Giles Thorley
Chief Executive Officer
|
Chief Executive Officer | Total investments: 1 | Find email | |
Rhian Elston
Investment Director
|
Investment Director | Total investments: 1 | Find email | |
Alun Thomas
Senior Investment Executive; Regional Manager
|
Senior Investment Executive; Regional Manager | Total investments: 0 | Find email | |
Andrew Morris
Investor
|
Investor | Total investments: 3 | Find email | |
| See all 13 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Kubos Semiconductors is develop and commercialize cubic-GaN for high efficiency, low-cost LEDs using intellectual property. | $2.1M / Venture - Series Unknown / Aug 03, 2026 | ||
| Stone Circle Mead Company Limited is an independent craft meadery. The company specializes in the revival of historic, traditional Welsh meads (Medd Cylch Cerrig), utilizing honey fermented over extended production timelines to create a diverse range of styles including spiced, apple, dandelion, and herbal variations. | $34.6K / Debt Financing / Jul 30, 2026 | ||
| Taylor Facilities Management has grown into a national facilities management company with operations in the United Kingdom and Ireland. | $3.8M / Debt Financing / Jul 20, 2026 | ||
| Oakwood Care Group is dedicated to transforming the standard of residential care in Wales by providing high-quality, person-centered care services that prioritize the well-being, dignity, and independence of residents. The organization strives to create safe, supportive, and compassionate living environments while continuously improving carestandards through innovation, professional expertise, and a commitment to excellence. | Debt Financing / Jun 24, 2026 | ||
| Breaking Change develops simulation-driven game technology and real-time platforms for core gaming studios. The company focuses on research, development, and engineering of real-time simulation systems that support deeply systemic and replayable gameplay. Its licensable platform is designed to help external studios create complex mechanics andinteractive experiences across multiple genres. Breaking Change builds visual computing and automation pipelines to support efficient development workflows. It targets core game developers seeking to integrate advanced simulation features into their titles. The company also maintains R&D collaborations and provides its technology as reusable infrastructure for interactive entertainment projects. | $980.6K / Pre-Seed / Jun 08, 2026 | ||
| Locit is a storage locker manufacturer for schools, gyms, offices, and public spaces. | $1.3M / Debt Financing / May 28, 2026 | ||
| Creo Medical a medical device manufacturer based in Chepstow, South Wales. Founded in 2003, (formerly MicroOncology Ltd) we develop, manufacture and commercialise clinically innovative medical device technologies.They operate out of our new headquarters in Chepstow, South Wales where a controlled manufacturing area (including a Class 6Cleanroom) and creative R&D area have been installed. | $2.7M / Post-IPO Debt / May 21, 2026 | ||
| K3 Metrology is a specialist metrology company commercialising laser‑based 3D coordinate measurement technology developed at the National Physical Laboratory. The company’s platform is designed to provide high‑accuracy, uncertainty‑aware dimensional data in large‑volume industrial environments, supporting inspection and assembly processes inadvanced manufacturing. Its systems integrate into production workflows where traceable measurements are required across complex geometries and large structures. The technology is applied in sectors such as aerospace, defence, and nuclear, where dimensional integrity and process control are critical. | $3.7M / Seed / May 14, 2026 | ||
| Ecodetect is a tech firm offering AI-driven marine monitoring and environmental consulting services for offshore infrastructure. | $661.7K / Seed / Apr 29, 2026 | ||
| RibRide is a sport and recreation venue that conducts mountain biking, windsurfing, sailing, paddleboarding, kayaking, and surfing. | $202K / Debt Financing / Apr 23, 2026 | ||
| See all 288 investments → | |||
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FAQ
What does Development Bank of Wales invest in?
Development Bank of Wales invests primarily in Software, Health Care and Manufacturing startups, most often at Seed and Debt Financing stage. Most of the 288 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Development Bank of Wales's check size?
Development Bank of Wales typically joins rounds of $327k–$3M at Seed, $19k–$3.7M at Debt Financing and $350k–$5.4M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Development Bank of Wales participates in.
How do I contact Development Bank of Wales?
Public channels for Development Bank of Wales include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Development Bank of Wales?
The team at Development Bank of Wales includes Gareth Bullock (Chairman), Giles Thorley (Chief Executive Officer) and Rhian Elston (Investment Director), among 13 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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