United Kingdom · Investor

Development Bank of Wales

Last cheque observed Oct 2026; 123 cheques on record.

Deploying nowGovernment

Pre-seedSeedSeries ABankingWealthtechRegtech

Deploying now
89%of best year25cheques in 12 months, 123 on record
Since the last cheque26days00hrs00min00sec
Median round$1.3MRounds led1 of 123Sole investor59 roundsMostly inUnited Kingdom, 88%
Pitch Development Bank of Wales

Development Bank of Wales highlights

  1. 01

    25 cheques in the last 12 months

  2. 02

    Mostly Seed and Venture: 67% of its rounds

  3. 03

    Sole investor in 59 rounds, median $668K

What they do

Type
Government (from a list, unverified)
Cheque size
Not stated
Stages
Pre-seedSeedSeries ASeries BGrowth
Sectors
BankingWealthtechRegtech
Based in
Wrexham, United Kingdom
Cold pitches
Not stated

The record

Every round we can evidence, newest first123 appearances

  1. 2026

    22 rounds

  2. Oct
    ReclinkerSeries A · GB · Firms' own news pages$13MWith 5 others
  3. Sept
    Argonaute RNAVenture · GB$1.8MSole investor
  4. Aug
    Kubos SemiconductorsGrant · GB · Turquoise International$2.1MLed
  5. Jun
    Egni Co-opDebt · AU$1.9MSole investor
  6. Jun
    Space ForgeGrant · GB$13MWith 4 others
  7. Jun
    Hexigone InhibitorsSeed · GB$1.6MWith 2 others
  8. Jun
    Breaking ChangePre-seed · GB$981KWith 2 others
  9. May
    LocitDebt · AU$1.3MSole investor
  10. May
    K3 MetrologySeed · GB$3.7MWith 2 others
  11. Apr
    Open MoovePre-seed · GB$949KWith 1 other
  12. Apr
    EcodetectSeed · GB$662KSole investor
  13. Apr
    Corryn BiotechnologiesSeed · GB$662KWith 3 others
  14. Apr
    GoldwisePre-seed · GB$683KSole investor
  15. Mar
    IQ EndoscopesVenture · USUndisclosedSole investor
  16. Mar
    AntiverseSeries A · GB$9.3MWith 3 others
  17. Feb
    SidekickSeries A · GB · Eos Venture Partners$11MWith 12 others
  18. Feb
    PlantSeaVenture · GBUndisclosedWith 4 others
  19. Feb
    CoinCoverVenture · GBUndisclosedWith 4 others
  20. Feb
    MeOmics TechnologyVenture · GB$408KWith 1 other
  21. Feb
    JellagenVenture · GBUndisclosedWith 2 others
  22. Jan
    spacebandsVenture · GB$1.5MWith 2 others
  23. Jan
    AcademiiSeries A · GB$1.4MSole investor
  24. 2025

    15 rounds

  25. Dec
    Llusern ScientificCrowdfunding · AU$57KWith 1 other
  26. Nov
    Reacta BiotechVenture · GB$3.7MWith 1 other
  27. Nov
    Reacta HealthcareVenture · AU$3.7MWith 2 others
  28. Sept
    QLM TechnologySeed · GB$4.7MWith 3 others
  29. Jul
    AmotioPre-seed · GB$1.1MWith 1 other
  30. Jun
    Ceryx MedicalVenture · GB$6.8MWith 3 others
  31. May
    Space ForgeSeries A · GB · TechCrunch$30MWith 6 others
  32. Apr
    Tirion HomesDebt · GB$23MSole investor
  33. Feb
    FinalrentalsSeed · GB · TechStartups$1.3MWith 2 others
  34. Feb
    Jiva.aiVenture · GBUndisclosedWith 1 other
  35. Feb
    DriverlyVenture · GBUndisclosedSole investor
  36. Jan
    Mr Holt’sDebt · GB$328KSole investor
  37. Jan
    ProsperSeed · GB$5.0MWith 8 others
  38. Jan
    PellyPre-seed · GB$433KSole investor
  39. Jan
    Zero FintechCrowdfunding · GB$1.4MSole investor
  40. 2024

    22 rounds

  41. Dec
    Amped PCRSeed · GB$679KWith 1 other
  42. Dec
    BikmoGrowth · GB$6.0MSole investor
  43. Dec
    Coffi LabSeed · GB$2.1MSole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

We hold 29 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Who they invest alongside

The investors most often in the same rounds as Development Bank of Wales. A count of rooms they were both in, not a relationship either has claimed.

Innovate UKVC firm18rounds togetherSFC CapitalAngel network9rounds togetherFuture Planet CapitalVC firm5rounds togetherBritish Business BankCorporate VC3rounds togetherEIC AcceleratorGovernment3rounds togetherEISMEAInvestment firm3rounds togetherHSBCGrowth equity3rounds togetherMaven Capital PartnersPrivate equity3rounds togetherMercia TechVC firm3rounds togetherACF InvestorsVC firm2rounds togetherAngel InvestVC firm2rounds togetherBusiness Growth FundPrivate equity2rounds together

Recently backed

The latest companies Development Bank of Wales put money into.

Argonaute RNA$1.8M · Sept 2026Kubos Semiconductors$2.1M · Aug 2026Space Forge$13M · Jun 2026Hexigone Inhibitors$1.6M · Jun 2026Breaking Change$981K · Jun 2026Locit$1.3M · May 2026

Quick answers about Development Bank of Wales

What does Development Bank of Wales invest in?

Development Bank of Wales invests most often at Seed and Venture (67% of the rounds on record), in sectors such as Banking, Wealthtech and Regtech.

How active is Development Bank of Wales?

123 investments on record, 25 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

What has Development Bank of Wales invested in recently?

Its most recent investments on record: Reclinker (Series A, Oct 2026), Argonaute RNA (Venture, Sept 2026) and Kubos Semiconductors (Grant, Aug 2026).

How big are Development Bank of Wales's cheques?

The median round it joins is $1.3M.

Does Development Bank of Wales lead rounds?

Sometimes: it led 1 of its 123 investments on record (1%).

Where does Development Bank of Wales invest?

Most of the companies it backs are in the United Kingdom (88%) and Australia (10%).

Is Development Bank of Wales investing now?

Yes: it is actively investing, with 25 investments in the last 12 months.

Who does Development Bank of Wales invest alongside?

Most often Innovate UK (18 rounds together), SFC Capital (9 rounds together) and Future Planet Capital (5 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it