Portfolio map · Government fund · United Kingdom

Development Bank of Wales portfolio map

48 startups Development Bank of Wales has backed in rounds we track, since 2017, grouped by their main sector. Together they have raised $207M; Development Bank of Wales led at least one round in 1 of them. The biggest sector is AI, with 9 companies.

48startups backed
9sectors
$207Mraised between them
AIbiggest sector

Development Bank of Wales's investor profile

AI

9

Fintech

8

Biotech

8

Big Data & Analytics

5

Foodtech

5

Manufacturing

4

Healthtech

3

Cybersecurity

3

Construction

3

Segment by segment

AI

9 startups · $85M raised

  1. cloud.IQCloud.IQ, based in London, is a technology company that specializes in AI and machine learning-driven automated conversion rate opUnited Kingdom$53M
  2. AntiverseAntiverse is a techbio company based in Cardiff, UK, with an office in Boston, MA.United Kingdom$14M
  3. SidekickSIDEKICK provides advertising and marketing services for businesses.United Kingdom$11M
  4. TendertecTendertec is a UK-based deep tech company founded in 2017, focused on providing privacy-first, AI-powered care infrastructure for United Kingdom$2.3M
  5. AcademiiAcademii Limited is a Welsh EdTech company that specializes in artificial intelligence-driven workplace training solutions.United Kingdom$1.4M
  6. FinalrentalsFinal Rentals is an international car rental franchise network and meta-search platform based in Cardiff, Wales.United Kingdom$1.3M
  7. EcodetectEcodetect Limited is a startup based in Anglesey, Wales, founded in June 2024 by Dr.United Kingdom$1.0M
  8. Breaking ChangeBreaking Change is a game technology company based in Chepstow, Wales, founded in 2025.United Kingdom$981K

Fintech

8 startups · $39M raised

  1. VizolutionVizolution develops a screen sharing technology for businesses to directly interact with their clients.United Kingdom$18M
  2. DDelioUnited Kingdom$11M
  3. ProsperAfter training over 70,000 students in 80 countries we know what it takes to help people earn more.United Kingdom$5.0M
  4. Hope MacyHope Macy is a fintech company based in Cardiff, established in 2018.United Kingdom$1.9M
  5. MennaMenna is a UK-based fintech company that offers an AI-powered finance assistant tailored for small businesses and sole traders.United Kingdom$1.2M
  6. Level2The first fully visual no-code automated strategy creation tool built for retail tradersUnited Kingdom$780K
  7. GoldwiseGoldwise is a UK-based global fintech that enhances access to physical precious metals for savers and investors through its tradinUnited Kingdom$683K
  8. YimbaYimba is a fintech company based in Chester, United Kingdom, focused on enhancing digital wallet experiences.United Kingdom$668K

Biotech

8 startups · $25M raised

  1. JellagenJellagen is a marine biotechnology company based in Cardiff, Wales, specializing in the development and manufacturing of non-mammaUnited Kingdom$10M
  2. Argonaute RNAArgonaute RNA company research projects build on existing intellectual property.United Kingdom$4.1M
  3. Reacta HealthcareReacta Healthcare is a pharmaceutical and biotechnology company founded in 2013, based in Deeside, North Wales.Australia$3.7M
  4. Cellesce3D organoids for drug discovery assays.-$1.9M
  5. Halo TherapeuticsHalo Therapeutics is a deeptech health company based in Caerphilly, Wales.United Kingdom$1.9M
  6. CanSenseCanSense is a UK-based medical technology company focused on developing a non-invasive blood test for the early detection of bowel cancer.United Kingdom$1.8M
  7. Corryn BiotechnologiesDermaWeave is Corryn Biotechnologies' world-first contactless microfibrous delivery system for use following cosmetic procedures.United Kingdom$1.4M
  8. BiVictriX TherapeuticsBiotech is a biotechnology company that develops cancer therapies.United Kingdom$473K

Big Data & Analytics

5 startups · $7.2M raised

  1. AgxioAgxio is an AI, data science, and machine learning company founded in 2018.United Kingdom$2.7M
  2. W2 Global Data SolutionsW2 Global Data Solutions is a provider of international data, software and services.United Kingdom$2.0M
  3. Route KonnectRoute Konnect is a AI based software company.United Kingdom$1.4M
  4. Urban IntelligenceData-Driven Property DevelopmentUnited Kingdom$799K
  5. StratigensStratigens is a SaaS application that combines labor market, economic, and geography data to deliver strategic business decisions.United Kingdom$268K

Foodtech

5 startups · $16M raised

  1. Hilltop HoneyHilltop Honey is the U.K with an exciting range of flavoured honeys and delicious cut comb.United Kingdom$13M
  2. Coffi LabCoffi Lab provides exceptional coffee, comfortable meeting places, and friendly hospitality.United Kingdom$2.1M
  3. Glucose RepublicGlucose Republic is a health technology company based in Cardiff, Wales, focused on improving metabolic health through personalizeUnited Kingdom$660K
  4. Mr Holt’sMr Holt’s engaged in the manufacture and wholesale of confectionery products.United Kingdom$328K
  5. Barti RumBarti Rum produces alcoholic beverages.United Kingdom$287K

Manufacturing

4 startups · $23M raised

  1. Reacta BiotechReacta Biotech is a biotechnology company that develops, manufactures, and commercializes diagnostic kits for food allergy testing.United Kingdom$11M
  2. Thalia Design AutomationThalia Design Automation provides software solutions to assist in the design of analog and mixed signal integrated circuits.United Kingdom$6.2M
  3. Kubos SemiconductorsKubos Semiconductors is a UK-based company founded in 2017, located in Cambridge.United Kingdom$4.7M
  4. LocitLocit is a storage locker manufacturer for schools, gyms, offices, and public spaces.Australia$1.3M

Healthtech

3 startups · $2.8M raised

  1. Llusern ScientificLlusern Scientific Ltd is a life science and biotechnology company based in Cardiff, specializing in rapid and portable point-of-cAustralia$1.7M
  2. Signum HealthSignum Health is an industry agnostic management software designed to automate, simplify, and analyze business operations and workflows.-$566K
  3. Concentric HealthThe market leading digital consent to treatment application.United Kingdom$529K

Cybersecurity

3 startups · $2.1M raised

  1. ValidientValidient is a legal tech and compliance software company based in Newport, Wales, with a registered office in Ottawa, Canada.Australia$1.2M
  2. Awen Collective LtdAwen is a software company making society safer by increasing cyber resilience in our critical national infrastructures and manufaUnited Kingdom$523K
  3. Hut Six SecurityHut Six Security is a cybersecurity company focused on reducing security breaches caused by human error.United Kingdom$400K

Construction

3 startups · $5.8M raised

  1. Victorian SlidersVictorian Sliders specialist manufacturer of PVC-U vertical sliding sash windows, supplying professional trade installers across the UK.United Kingdom$4.9M
  2. Go BananaGo Banana is a UK-based B2B marketplace for building supplies, founded in 2015.United Kingdom$500K
  3. Carapace SlateCarapace | Net-Zero Manufacturing for Construction 🚀 Faster, greener materials for the built environment Carapace Slate is set to United Kingdom$406K

How this map is made. Every startup here has raised money in a round we track that names Development Bank of Wales as an investor, the first in 2017. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.

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