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Development Bank of Wales

1 Capital Quarter, Tyndall Street, Cardiff, CF10 4BZ, United Kingdom

Overview

Commercial funding provider for Welsh SMEs using private and public funds.

Founded

2001

Deals · 12mo

9

Links

WebsiteLinkedInX (Twitter)

Stage focus

—

Geographic focus

United Kingdom

Sector focus

Banking
Commercial
Commercial Lending
Finance
...

Investment portfolio

76rounds
NAMEDATESIZE
Reclinker
Oct 2026Participated
$13 MSeries A
Breaking Change
Jun 2026Led
$0.99 MOther Equity
K3Metrology
May 2026Participated
$4 MSeed
openmoove
Apr 2026Led
$0.95 MOther Equity
Corryn Biotechnologies
Apr 2026Led
$0.66 MOther Equity
Mariposa Therapeutics
Mar 2026Led
$1 MSeed
DataWollet
Mar 2026Participated
$2 MSeed
Antiverse
Mar 2026Participated
$9 MSeries A
Sidekick
Feb 2026Led
$11 MSeries A
SPORTTAPE
Aug 2024Led
$1 MOther Equity
Optimise AI
Jul 2024Led
$1 MOther Equity
Argonaute RNA
Jul 2024Led
$2 MOther Equity
Reclinker
Oct 2026Participated
$13 MSeries A
Breaking Change
Jun 2026Led
$0.99 MOther Equity
K3Metrology
May 2026Participated
$4 MSeed
openmoove
Apr 2026Led
$0.95 MOther Equity
Corryn Biotechnologies
Apr 2026Led
$0.66 MOther Equity
Mariposa Therapeutics
Mar 2026Led
$1 MSeed
DataWollet
Mar 2026Participated
$2 MSeed
Antiverse
Mar 2026Participated
$9 MSeries A
Sidekick
Feb 2026Led
$11 MSeries A
SPORTTAPE
Aug 2024Led
$1 MOther Equity
Optimise AI
Jul 2024Led
$1 MOther Equity
Argonaute RNA
Jul 2024Led
$2 MOther Equity
76
Items
...
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Insights

Time horizon

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Deal Distribution

Development Bank of Wales: 76 funding rounds are recorded in the selected participation categories.All available history.
Development Bank of Wales: 76 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed37
Series A44
Series C+01
Other Equity3323
Debt10

Monthly Deal Activity

Development Bank of Wales: 76 deals are recorded across 203 months.All available history.
Development Bank of Wales: 76 deals are recorded across 203 months. All available history
MonthDeals
Dec '093
Jan '103
Feb '101
Mar '100
Apr '100
May '100
Jun '102
Jul '101
Aug '102
Sep '102
Oct '100
Nov '101
Dec '100
Jan '111
Feb '110
Mar '110
Apr '111
May '111
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '121
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '121
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '131
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '131
Dec '130
Jan '140
Feb '142
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '141
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '161
May '161
Jun '160
Jul '160
Aug '160
Sep '161
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '171
Apr '171
May '172
Jun '170
Jul '171
Aug '171
Sep '170
Oct '171
Nov '170
Dec '170
Jan '181
Feb '181
Mar '180
Apr '180
May '181
Jun '180
Jul '181
Aug '180
Sep '180
Oct '180
Nov '181
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '191
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '201
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '211
Mar '210
Apr '211
May '210
Jun '210
Jul '212
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '221
Jan '231
Feb '230
Mar '232
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '231
Jan '240
Feb '241
Mar '240
Apr '242
May '241
Jun '241
Jul '242
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '263
Apr '262
May '261
Jun '261
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

Development Bank of Wales: Health & Life Sciences is the largest displayed sector by deal count (31 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Development Bank of Wales: Health & Life Sciences is the largest displayed sector by deal count (31 deals). All available history
SectorDeals
Health & Life Sciences31
Manufacturing13
Networks, Cloud & Communication10
Enterprise Software9
Data, Analytics & IT9
Hardware & Robotics9
AI & Machine Learning9
Fintech8
Professional Services7
Space & Frontier Tech6
Consumer & Lifestyle6
Clean Energy & Sustainability5
Education & Workforce3
Transportation & Logistics3
Media & Entertainment3
Travel & Hospitality2
Cybersecurity & Privacy2
E-Commerce & Retail2
Real Estate & Construction2
Marketing & Advertising2
Social & Community Platforms2
Developer Tools2
AR/VR1
Crypto & Blockchain1
Gaming & eSports1

Deal Size Distribution

Development Bank of Wales: 76 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Development Bank of Wales: 76 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M58
$5M-$10M11
$10M-$25M5
$25M-$50M0
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Development Bank of Wales: Europe has the largest recorded deal count among the displayed regions (73 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Development Bank of Wales: Europe has the largest recorded deal count among the displayed regions (73 deals). All available history
RegionDeals
Europe73
United Arab Emirates1
Australia1
United States1
Development Bank of Wales: 20 co-investors are shown, with Fusion IP sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Development Bank of Wales: 20 co-investors are shown, with Fusion IP sharing 4 recorded deals. All available history
Co-investorShared deals
Fusion IP4
Welsh Assembly Government4
Midven3
New Hill3
Newable Ventures3
Oxford Technology Management3
Rainbow Seed Fund3
1818 Venture Capital2
ACF Investors2
Bristol Private Equity Club2
Enterprise 100 angels2
Green Angel Syndicate2
Haatch Ventures2
IP Group2
Kadmos Capital2
Mercia2
Mercia Fund Managers2
Porton Capital2
Wales Technology Seed Fund II2
Advantage Growth Fund1

Investment Strategy

Development Bank of Wales: Led accounts for 54% and participating for 46% of round participation.All available history.
Development Bank of Wales: Led accounts for 54% and participating for 46% of round participation. All available history
CategoryDeals (count)Share (%)
Led4154%
Participating3546%
Development Bank of Wales: Single-lead accounts for 71% and co-led for 29% of lead dynamics.All available history.
Development Bank of Wales: Single-lead accounts for 71% and co-led for 29% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2971%
Co-led1229%

Team

Alun Thomas

Regional Manager

David Staziker

Chief Financial Officer

Gareth Mayhead
Gareth Price

Portfolio Development Executive

Harry George
Matthew Pugh

Portfolio Monitoring Executive

Michael Rees

Investment Executive

Rachel Miles

Portfolio Monitoring Manager

Rhian Elston
Richard Thompson

Senior Investment Executive

Svetlana Goode

Investments Executive

Tom Davies
Tom Linney