# The Welsh Government

> The Welsh Government is a VC fund backing Manufacturing, Medical and Wholesale. See 31 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 31
- Last investment: Mar 2026
- Lead investor: 84%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/welsh-government
- X (Twitter): https://twitter.com/WelshGovernment
- Website: https://gov.wales/
- Facebook: https://www.facebook.com/welshgovernment

The Welsh Government is an investment firm.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $589k–$2.3M |
| Grant | $131k–$9.9M |
| Debt Financing | $191k–$11M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 5 | 16% |
| Medical | 3 | 10% |
| Wholesale | 3 | 10% |
| Non Profit | 3 | 10% |
| Real Estate | 3 | 10% |

67 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 23 | 74% |
| Debt Financing | 3 | 10% |
| Seed | 2 | 6% |
| Pre-Seed | 1 | 3% |
| Venture - Series Unknown | 1 | 3% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 24 | 77% |
| United States | 3 | 10% |
| Sweden | 1 | 3% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Marine Power Systems | Marine Power Systems Ltd (MPS) is a marine renewables technology development company. Based in South Wales (UK) the company was co-founded in 2008 by Swansea University engineering graduates Dr Gareth Stockman and Dr Graham Foster to develop and bring to market DualSub, WaveSub and WindSub devices. | $10.7M | Debt Financing | Mar 12, 2026 |  |
| Valleys to Coast | Valleys to Coast is a non-profit organization that offers home buy and sell services. |  | Grant | Oct 09, 2025 |  |
| ICC Wales | ICC Wales is an events venue that offers a fresh and stunning location to host conferences, events and meetings with natural daylight. | $13.5M | Grant | Sep 10, 2025 |  |
| Inyanga Marine Projects | Inyanga Marine Projects operates as a maritime company, offering offshore operations and engineering consultancy services. The company primarily serves the marine renewables sector, providing cost-effective and reliable solutions. Inyanga Marine Projects specializes in the delivery of offshore renewable energy, servicing all marine energy sectors,including wind. The company also promotes development in the marine renewable sector through partnerships. In addition, Inyanga Marine Projects is committed to operating in compliance with relevant provisions. | $2.7M | Venture - Series Unknown | May 07, 2025 |  |
| Tirion Homes | Tirion Homes is a non-profit residential developer, owner, and estate manager focused on housing and community development. | $9.2M | Grant | Apr 11, 2025 |  |
| MeOmics Technology | MeOmics Technology is a biotech company with a focus on improving the diagnosis and treatment of mental health illnesses. The company operates in the manufacturing industry and has a team of 9 employees. The team includes experts in Neuronal Cell Biology and Neuropsychopharmacology. The company's mission is to leverage technology to enhancethe understanding and treatment of mental health conditions. | $31.3K | Grant | Jan 01, 2025 |  |
| LaennecAI | LaennecAI is a clinical AI company that focuses on chronic disease management solutions. |  | Grant | Nov 15, 2024 |  |
| Kaydiar | Kaydiar is an innovative medical device company that specializes in offloading technology, we are committed to innovating superior products for cost-effective wound care, such as orthotic devices, bed mattresses, wheelchair cushions and prosthetic sleeves. | $869.5K | Grant | Sep 30, 2024 |  |
| Bad Wolf | Bad Wolf is a high-end TV and film for the global television market. | $5.1M | Grant | Feb 28, 2024 |  |
| Chevler | Chevler product line includes meat saver paper, muffin and cupcake cases, printed grease-proof sheets, specialty baking papers, and laminated foil cases, providing confectionery and baking industry quality food packaging products. They are manufacturers of baking cases and tulip muffin wraps. | $190.6K | Debt Financing | Jan 25, 2024 |  |

10 of 31 investments shown.

## Co-investors
- [Deepbridge Capital](https://shizune.co/investors/profile/deepbridge-capital) — VC Fund, 2 deals together
- [Innovate UK](https://shizune.co/investors/profile/innovate-u-k-) — VC Fund, 2 deals together
- [Bridgend County Borough Council](https://shizune.co/investors/profile/bridgend-county-borough-council) — VC Fund, 1 deal together
- [Denbighshire County Council](https://shizune.co/investors/profile/denbighshire-county-council) — VC Fund, 1 deal together
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund, 1 deal together
- [National Institute for Health and Care Research](https://shizune.co/investors/profile/national-institute-for-health-research) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Praxis](https://shizune.co/investors/profile/praxis-2) — VC Fund
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- [Social and Sustainable Capital](https://shizune.co/investors/profile/social-and-sustainable-capital) — VC Fund

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
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- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund

### Similar country
- [SFC Capital](https://shizune.co/investors/profile/startup-funding-club) — VC Fund
- [Fuel Ventures](https://shizune.co/investors/profile/fuel-ventures-fund) — VC Fund
- [Business Growth Fund](https://shizune.co/investors/profile/business-growth-fund) — VC Fund

## Featured in investor lists
- [Non Profit Investors in United Kingdom](https://shizune.co/investors/non-profit-investors-united-kingdom)
- [Non Profit VC Funds in United Kingdom](https://shizune.co/investors/non-profit-vc-funds-united-kingdom)
- [Non Profit VC Funds in Europe](https://shizune.co/investors/non-profit-vc-funds-europe)

## FAQ

### What does The Welsh Government invest in?

The Welsh Government invests primarily in Manufacturing, Medical and Wholesale startups, most often at Grant and Debt Financing stage. Most of the 31 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 The Welsh Government's check size?

The Welsh Government typically joins rounds of $589k–$2.3M at Seed, $131k–$9.9M at Grant and $191k–$11M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds The Welsh Government participates in.

### When did The Welsh Government last invest?

The most recent investment recorded for The Welsh Government closed in Mar 2026. Shizune tracks 31 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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