Development Bank of Wales

Development Bank of Wales is an independent venture capital firm established in 2001, headquartered in Cardiff, with additional offices across Europe. The organization focuses on providing commercial funding to small and medium-sized enterprises (SMEs) in Wales, investing both private and public funds, including EU resources. It specializes in various forms of financing, such as bridge financing, succession funding, project finance, and micro loans, catering to a diverse range of sectors including technology, healthcare, manufacturing, and services. The firm aims to support startups and established businesses alike, offering investments from £0.001 million to £2 million, with potential follow-on funding up to £5 million. Development Bank of Wales targets companies with a turnover of up to €50 million and a workforce of no more than 250 employees, fostering growth and innovation within the Welsh economy.

Mark Bowman

Venture Fund Manager

Bethan Cousins

New Business Director

Rhian Elston

Investment Director and Member of the Investment Committee

Rhodri Evans

Deputy Fund Manager

Carl Griffiths Ph.D

Technology Seed Fund Manager

Chris Griffiths

Technical Investment Director

Carl Griffiths

Technology Seed Fund Manager

Hannah Mallen

Techonology Venture Investment Graduate

Andrew Morris

Investor

Mike Owen

Group Investment Director

Cenydd Rowlands

Property Director

Nick Stork

Fund Manager

Giles Thorley

CEO and Board Member

Past deals in Industrial Gases

Hexigone Inhibitors

Venture Round in 2024
Hexigone aims to replace toxic chemicals used in the anti-corrosion market with our disruptive, novel, micro/nano reservoir technologies, creating 'smart' coatings. Our additives will enable the coatings to protect for longer in an intelligent manner, increasing the lifetime cycle of the end product, reducing the drain on primary resources.

QLM Technology

Series A in 2022
QLM Technology Ltd., based in Bristol, United Kingdom, specializes in the development of advanced gas detection and imaging systems utilizing low-power tuneable diode lidar technology. Established in 2017, the company focuses on providing innovative solutions for natural gas producers, distributors, and service providers to identify gas leaks and monitor greenhouse gas emissions effectively. QLM's technology incorporates ultra-compact, high-precision quantum optical sensors that offer exceptional resolution for detecting and quantifying gas leaks from well-heads and pipelines. This capability enables clients to achieve fast, accurate, and cost-effective gas leak identification and monitoring, thereby enhancing safety and reducing operational costs in the oil and gas industry.

QLM Technology

Seed Round in 2021
QLM Technology Ltd., based in Bristol, United Kingdom, specializes in the development of advanced gas detection and imaging systems utilizing low-power tuneable diode lidar technology. Established in 2017, the company focuses on providing innovative solutions for natural gas producers, distributors, and service providers to identify gas leaks and monitor greenhouse gas emissions effectively. QLM's technology incorporates ultra-compact, high-precision quantum optical sensors that offer exceptional resolution for detecting and quantifying gas leaks from well-heads and pipelines. This capability enables clients to achieve fast, accurate, and cost-effective gas leak identification and monitoring, thereby enhancing safety and reducing operational costs in the oil and gas industry.

Stratium

Seed Round in 2016
Stratium Limited is a manufacturer of mid-infrared quantum cascade lasers (QCL) based in Cardiff, United Kingdom. Established in 2015, the company specializes in providing compound semiconductor lasers to original equipment manufacturers (OEM) for various commercial applications. Stratium's QCLs support critical functions in environmental monitoring, vehicle emission tracking, vehicle collision avoidance, breath diagnostics, and petrochemical process oversight. The lasers are designed to deliver precise mid-infrared emissions essential for advanced gas analysis, utilizing innovative wavelength selection technology that enhances their compactness, stability, and performance. These features make Stratium's products suitable for sensitive detection of molecular species employing techniques such as cavity ring-down spectroscopy, cavity enhanced absorption spectrometry, and photoacoustic spectroscopy, enabling clients to effectively monitor airborne substances.

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.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.