Development Bank of Wales

The Development Bank of Wales is an independent company that provides commercial funding to small and medium-sized enterprises (SMEs) in Wales. It invests private and public funds, including EU funds, across various sectors such as B2B, healthcare, technology, and life sciences.

David Blake

Investment Executive

Mark Bowman

Venture Fund Manager

Bethan Cousins

New Business Director

Rhian Elston

Deputy Fund Manager

Rhodri Evans

Deputy Fund Manager

Past deals in Food Processing

Reel Label Solutions

Debt Financing in 2023
Reel Label Solutions specializes in cost-effective and high-quality label printing for various industries such as pharmaceuticals, chemicals, cosmetics, beverages, food, and electronics. They offer digital inkjet and flexographic printing services, along with automatic inspection systems and pre-press services.

Reel Label Solutions

Debt Financing in 2022
Reel Label Solutions specializes in cost-effective and high-quality label printing for various industries such as pharmaceuticals, chemicals, cosmetics, beverages, food, and electronics. They offer digital inkjet and flexographic printing services, along with automatic inspection systems and pre-press services.

Reel Label Solutions

Venture Round in 2022
Reel Label Solutions specializes in cost-effective and high-quality label printing for various industries such as pharmaceuticals, chemicals, cosmetics, beverages, food, and electronics. They offer digital inkjet and flexographic printing services, along with automatic inspection systems and pre-press services.

Agxio

Seed Round in 2020
Agxio is a technology company that provides an agriculture technology platform delivering actionable insights for agriculture, biotech and life sciences. Through artificial intelligence, data science and digital innovation, Agxio automates data-science tasks and enables AI-powered machine learning use cases in complex, data-rich environments, delivering optimized solutions. Its Apollo platform is positioned as the next generation of AI and machine learning, supporting businesses and governments in areas such as food security by enabling data-driven decision making across the industry value chain.

IMSPEX Diagnostics

Venture Round in 2014
IMSPEX Diagnostics Ltd. develops analytical solutions leveraging ion mobility spectrometry technology for various applications, including clinical diagnostics, environmental analysis, and food safety. Founded in 2011 as a spinoff from the University of Glamorgan, the company produces several instruments, such as FlavourSpec, which analyzes the headspace of liquid samples to assess food freshness and optimize production processes in the food and beverage sectors. Another key product, BreathSpec, examines volatile organic compounds in human breath, aiding in disease detection and monitoring hazardous exposure in workplaces. Additionally, IMSPEX offers GC-IMS, which identifies siloxanes in biogas, assesses air safety in industrial environments, and detects natural gas odors. The company serves a diverse clientele, including blue-chip companies, research hospitals, and universities both in the United Kingdom and internationally. Through its acquisition of GAS GmbH in 2013, IMSPEX enhanced its technological capabilities and market presence, establishing itself as a leader in its field.

Channel Fisheries

Venture Round in 2012
Channel Fisheries is a privately held company that provides fishery services. It provides fish and seafood preparation services, including skinning, filleting, de-scaling, and portioning of fish.

Viscose Closures

Venture Round in 2012
Viscose Closures Ltd. is a packaging manufacturer based in Swansea, United Kingdom, founded in 1892. The company specializes in producing a wide range of primary and secondary closures, including shrink sleeves, corks, sports caps, flat caps, crown corks, aluminum closures, and plastic caps. Viscose Closures is recognized for its pilfer-proof and tamper-evident solutions, catering to various markets such as beverages, cosmetics, pharmaceuticals, food, personal care, and household products. The company aims to provide responsive and flexible services to enhance its customers' productivity while ensuring the integrity and safety of their packaging.

Altech Software

Venture Round in 2010
Altech Software Limited specializes in designing and developing software products tailored for the food industry. Its product offerings include VisionTQM, a food safety management software module; VisionMobile, a wireless data collection system; VisionPDM, which manages product specifications, recipe development, nutritional data, costing, labeling, and allergen content; VisionAQL, a tool for quality control management; and VisionADC, a real-time data collection software for manufacturing processes that require automated quality and safety monitoring. The company also provides food safety and HACCP consultation, training, and auditing services, alongside management consultancy focused on quality assurance and control. This includes supplier management, process control, and strategic corporate management enhancement. Additionally, Altech Software offers information technology management consultancy, assisting with the selection and implementation of enterprise resource planning and other technical systems, as well as general management services. Established in 2005, Altech Software is headquartered in Cwmbran, United Kingdom.

Inetec

Venture Round in 2008
Inetec Limited is a company based in Pyle, United Kingdom, that specializes in providing waste management solutions tailored for food manufacturers and retailers across the United Kingdom and Europe. Founded in 1997, Inetec offers a range of services, including both on-site and off-site waste management solutions, pay and throw systems, and maintenance contracts. In addition to waste management, the company is involved in technology development and services related to testing, inspection, and repair for nuclear power plants. Originally established as International Technology Traders, Ltd., the company rebranded to Inetec Limited in May 2004.

Inetec

Venture Round in 2007
Inetec Limited is a company based in Pyle, United Kingdom, that specializes in providing waste management solutions tailored for food manufacturers and retailers across the United Kingdom and Europe. Founded in 1997, Inetec offers a range of services, including both on-site and off-site waste management solutions, pay and throw systems, and maintenance contracts. In addition to waste management, the company is involved in technology development and services related to testing, inspection, and repair for nuclear power plants. Originally established as International Technology Traders, Ltd., the company rebranded to Inetec Limited in May 2004.

Inetec

Venture Round in 2006
Inetec Limited is a company based in Pyle, United Kingdom, that specializes in providing waste management solutions tailored for food manufacturers and retailers across the United Kingdom and Europe. Founded in 1997, Inetec offers a range of services, including both on-site and off-site waste management solutions, pay and throw systems, and maintenance contracts. In addition to waste management, the company is involved in technology development and services related to testing, inspection, and repair for nuclear power plants. Originally established as International Technology Traders, Ltd., the company rebranded to Inetec Limited in May 2004.

Mr Holt’s

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

Mr Holt’s

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