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

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

New Investments Fund Manager

Cenydd Rowlands

Property Director

Nick Stork

Fund Manager

Giles Thorley

CEO

Past deals in Technical Support

Stable Resources

Venture Round in 2024
Stable Resources is an IT consultancy that offers Microsoft solutions in cloud adoption, analysis, security, and organizational training.

Stable Resources

Debt Financing in 2024
Stable Resources is an IT consultancy that offers Microsoft solutions in cloud adoption, analysis, security, and organizational training.

ECR Concepts Software

Debt Financing in 2018
ECR Concepts Software Ltd provide high quality EPOS system solutions throughout the UK. Based in Cardiff South Wales, we offer tailor made packages and bespoke EPOS systems at affordable prices. We provide installation, training and support for your business. A one-stop solution for everything EPOS. You can visit our showroom in Cardiff where our friendly team will show you the many solutions to improve and help your business.

Altech Software

Venture Round in 2010
Altech Software Limited specializes in designing and developing software products tailored for the food industry. Its offerings include VisionTQM, a food safety management software; VisionMobile, a system for wireless mobile data collection; VisionPDM, which oversees product specifications including recipe development and allergen content; VisionAQL, a quality control management tool; and VisionADC, real-time data collection software for automated quality and safety monitoring in manufacturing. The company also provides consultancy services in food safety and HACCP, alongside training and auditing services. Additionally, it offers management consultancy focused on various quality assurance and control aspects, process improvement, and strategic corporate management. Altech Software further extends its services to information technology management, aiding in the selection and implementation of enterprise resource planning systems and other technical solutions. Established in 2005, the company is headquartered in Cwmbran, United Kingdom.
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