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.
Top Stages
Past deals in Motor Insurance
Driverly
Seed Round in 2025
Operator of a financial brokerage company intended to sell car insurance. The company offers flexible monthly subscription plans with no cancellation fee on change or rectification additionally, has a test drive featured policy that is based on driving style, enabling customers to compare insurance prices and make buying decisions.
Peppercorn
Seed Round in 2024
Peppercorn is an innovative insurance company that specializes in auto insurance and financial services. By leveraging advanced technology, including conversational AI, Peppercorn aims to enhance customer service experiences and empower clients with greater control over their insurance needs. The company has developed a customer service technology platform that combines data and artificial intelligence to create an automated self-serve system. This approach seeks to eliminate bureaucracy, streamline services, and reduce premiums for customers, transforming the traditional car insurance experience into a more efficient and user-friendly process.
Bikmo
Series A in 2023
Bikmo Limited is a cycle insurance provider based in Chester, United Kingdom, founded in 2011. Originally established as a bike and kit comparison engine, the company transitioned to specialize in offering comprehensive insurance products tailored for cyclists. These products cover accidental damage, public liability, and theft, with a notable feature of no excess on replacements, ensuring riders are adequately protected. Renowned as an award-winning provider, Bikmo is dedicated to sustainable practices, emphasizing the importance of safeguarding both cyclists and the environments they enjoy. The company changed its name from 45NORTH LTD to Bikmo Limited in July 2017, reflecting its commitment to the cycling community.
Driverly
Pre Seed Round in 2022
Operator of a financial brokerage company intended to sell car insurance. The company offers flexible monthly subscription plans with no cancellation fee on change or rectification additionally, has a test drive featured policy that is based on driving style, enabling customers to compare insurance prices and make buying decisions.
Bikmo
Series A in 2020
Bikmo Limited is a cycle insurance provider based in Chester, United Kingdom, founded in 2011. Originally established as a bike and kit comparison engine, the company transitioned to specialize in offering comprehensive insurance products tailored for cyclists. These products cover accidental damage, public liability, and theft, with a notable feature of no excess on replacements, ensuring riders are adequately protected. Renowned as an award-winning provider, Bikmo is dedicated to sustainable practices, emphasizing the importance of safeguarding both cyclists and the environments they enjoy. The company changed its name from 45NORTH LTD to Bikmo Limited in July 2017, reflecting its commitment to the cycling community.
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.