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

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

Sarah Smith

Assistant Investment Executive

Nick Stork

Fund Manager

Giles Thorley

CEO and Board Member

Emily Wood

Investment Executive

Past deals in Motor Insurance

Driverly

Seed Round in 2025
Driverly operates as a financial brokerage focused on car insurance. It offers flexible monthly subscription plans with no cancellation fee for changes, and a test-drive policy based on driving style that helps customers compare insurance quotes and make informed purchasing 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
Driverly operates as a financial brokerage focused on car insurance. It offers flexible monthly subscription plans with no cancellation fee for changes, and a test-drive policy based on driving style that helps customers compare insurance quotes and make informed purchasing 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.
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