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 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.

Nuvias UC

Venture Round in 2015
Nuvias UC, through its subsidiary Siphon Networks Ltd., specializes in the design, supply, delivery, and integration of advanced unified communications technology. The company provides a comprehensive range of hosted unified communication solutions that combine video, fax, voice, and email services, including IP PBX and trunking solutions. Its product offerings encompass session border controllers, softphone applications, video conferencing solutions, and fraud detection systems, among others. Nuvias UC focuses on serving enterprises, service providers, and third-party developers across Europe. The company also offers a variety of services such as technical consultancy, software upgrades, and managed support, ensuring successful integration and delivery of innovative communication solutions. Established in 2008 and headquartered in Cwmbran, United Kingdom, Nuvias UC has a strong operational presence, including a sales office in London and a network operations center in Monmouthshire.

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.
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