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

Deputy Fund Manager

Rhodri Evans

Deputy Fund Manager

Past deals in Wales

Nisien.ai

Seed Round in 2025
Nisien.ai delivers a combination of artificial and human intelligence to enhance online safeguarding in an ethical and effective manner. It provides online threat analysis, artificial intelligence applications, and data science research focused on cyber-risk detection and criminology, serving clients in Cardiff.

Barti Rum

Debt Financing in 2024
Barti Rum is a producer of spiced rum and alcoholic beverages. It blends Caribbean rum with traditional spices such as vanilla, clove, cinnamon, and citrus to create flavored rums with depth and balance. The company serves customers in Wales and focuses on craftsmanship and distinctive flavor profiles in its offerings.

Tendertec

Seed Round in 2024
Tendertec Limited, founded in 2017 and based in Cardiff, United Kingdom, specializes in developing advanced room sensing technology aimed at enhancing independent living for elderly and vulnerable individuals. The company’s flagship product, Tenderbox, is a safety and monitoring system that empowers care providers to effectively oversee the well-being of at-risk individuals. Utilizing artificial intelligence algorithms, Tenderbox processes data from proprietary sensors to detect emergencies, such as falls, and monitor daily activities and unusual behaviors. The system automatically alerts family members, caregivers, and emergency services in the event of an incident, enabling a timely and effective response. Tendertec is recognized for its innovative approach to personalized and preventative care, having received multiple awards for its contributions to the healthcare sector.

Hut Six

Seed Round in 2023
Hut Six Security Ltd., established in 2016 and headquartered in Newport, UK, specializes in designing and developing software for information security training. The company focuses on the human aspect of cybersecurity, offering cloud-based tutorials to raise awareness and promote corrective behavior among IT users. Its comprehensive solution aims to create secure cultures within organizations and mitigate human error, thereby protecting businesses from cyberattacks. The platform delivers adaptive and customized security awareness campaigns, featuring voiced and animated tutorials based on up-to-date case studies. It also provides real-time metrics through phishing simulations and assessments, enabling businesses to track and improve their security posture.

Jellagen

Series A in 2022
Jellagen is a Med-Tech company that develops and supplies native collagen sourced from jellyfish for research, regenerative medicine, and tissue engineering. The company provides non-mammalian jellyfish collagen suitable for in vitro cell culture and regenerative medicine applications, available in solution or powder with demonstrated batch-to-batch consistency. Its products support laboratory research, stem cell work, and the fabrication of medical devices aimed at wound management and tissue engineering. Founded in 2013 and based in Pembroke Dock, United Kingdom, Jellagen positions its collagen as an alternative to mammalian sources for researchers seeking defined, biocompatible materials.

Wagonex

Venture Round in 2022
Wagonex Limited is a UK-based company that specializes in a mobility-as-a-service platform, offering cars on subscription as an alternative to traditional ownership or leasing. Founded in 2016 and headquartered in Cardiff, Wagonex connects car providers with customers through its innovative platform, facilitating flexible contracts ranging from one month to two years. The service includes comprehensive offerings such as car repair, insurance, maintenance, and roadside assistance, allowing clients to enjoy the benefits of vehicle access without the associated responsibilities of ownership. As a pioneer in the UK car subscription market, Wagonex aims to address the common challenges of vehicle ownership by providing a seamless and flexible solution for consumers while enabling fleet partners to effectively manage and monetize their inventory.

SolasCure

Series A in 2021
Founded in 2017, SolasCure is a biotechnology company based in Wales, UK. It specializes in developing innovative hydrogel treatments for patients with chronic wounds. Its flagship product, Aurase, facilitates wound debridement, removing dead or infected tissue to enhance healing.

Space Forge

Seed Round in 2021
Space Forge is a space manufacturing company that develops a reusable satellite designed to produce next-generation super materials in space for return to Earth. The satellite uses the space environment to create alloys and crystals that are not possible to manufacture on Earth, enabling clients to achieve materials with lower energy loss and lighter components for use in computing, telecoms, and pharmaceutical products. The company operates laboratories in Bristol and Wales and focuses on manufacturing advanced metals and materials. Founded in 2018 and based in Bristol, Space Forge aims to enable on-orbit manufacturing that advances material performance for industrial and aerospace applications.

Codeherent

Seed Round in 2020
Codeherent Ltd is a software company based in Newport, United Kingdom, that specializes in cloud infrastructure management. Founded in 2016, the company offers a Software as a Service (SaaS) platform designed to help businesses visualize, analyze, and optimize their Infrastructure as Code. Its platform features a low-code development environment that allows users to easily create, modify, and manage cloud configurations. By providing automatic and dynamic visualization tools, Codeherent enables organizations to accelerate their configuration planning and optimize live infrastructure in a safe and predictable manner. The platform is geared towards businesses of all sizes, facilitating effective management of cloud resources through intuitive visual editing capabilities.

Space Forge

Seed Round in 2020
Space Forge is a space manufacturing company that develops a reusable satellite designed to produce next-generation super materials in space for return to Earth. The satellite uses the space environment to create alloys and crystals that are not possible to manufacture on Earth, enabling clients to achieve materials with lower energy loss and lighter components for use in computing, telecoms, and pharmaceutical products. The company operates laboratories in Bristol and Wales and focuses on manufacturing advanced metals and materials. Founded in 2018 and based in Bristol, Space Forge aims to enable on-orbit manufacturing that advances material performance for industrial and aerospace applications.

Hybrisan

Venture Round in 2020
Hybrisan Ltd is a technology company based in Port Talbot, United Kingdom, specializing in infection control solutions. Founded in 2013, the company develops innovative products, including surface and hand sanitizers, and offers services in electrospinning, antimicrobials, and quality control. Hybrisan's unique team comprises leading scientists from both industrial and research backgrounds, particularly in nanotechnology and biofouling. This diverse expertise enables the company to create tailored solutions that meet specific client needs across various applications, positioning Hybrisan as a provider of ethical and affordable technology alternatives in the medical sector.

Wagonex

Venture Round in 2019
Wagonex Limited is a UK-based company that specializes in a mobility-as-a-service platform, offering cars on subscription as an alternative to traditional ownership or leasing. Founded in 2016 and headquartered in Cardiff, Wagonex connects car providers with customers through its innovative platform, facilitating flexible contracts ranging from one month to two years. The service includes comprehensive offerings such as car repair, insurance, maintenance, and roadside assistance, allowing clients to enjoy the benefits of vehicle access without the associated responsibilities of ownership. As a pioneer in the UK car subscription market, Wagonex aims to address the common challenges of vehicle ownership by providing a seamless and flexible solution for consumers while enabling fleet partners to effectively manage and monetize their inventory.

Hut Six

Seed Round in 2019
Hut Six Security Ltd., established in 2016 and headquartered in Newport, UK, specializes in designing and developing software for information security training. The company focuses on the human aspect of cybersecurity, offering cloud-based tutorials to raise awareness and promote corrective behavior among IT users. Its comprehensive solution aims to create secure cultures within organizations and mitigate human error, thereby protecting businesses from cyberattacks. The platform delivers adaptive and customized security awareness campaigns, featuring voiced and animated tutorials based on up-to-date case studies. It also provides real-time metrics through phishing simulations and assessments, enabling businesses to track and improve their security posture.

Clever Chefs

Debt Financing in 2019
Clever Chefs is a Premium caterer which serves truly unique and inspiring local food to weddings & events covering the south of England & Wales. based in Cardiff & Bristol

A1 Eyewear

Debt Financing in 2019
A1 Eyewear Ltd is an optician based in Wrexham, United Kingdom, that has been operating since 1986. The company provides a comprehensive range of eye care services, including eye tests, contact lenses, glasses, and sunglasses. In addition to eyewear products, A1 Eyewear offers accessories, repair, and maintenance services. The company is dedicated to delivering an end-to-end service for its customers, which includes providing discounts and guidance on various eye care schemes.

W2

Series A in 2018
W2 Global Data Solutions Limited is a provider of online screening tools and services designed to facilitate the verification of individuals and organizations. Founded in 2011 and headquartered in Cardiff, United Kingdom, the company offers a range of web-based applications including SAVI, which allows users to access various databases for identity verification, and KYCchecker, which enables real-time ID verification for consumers and corporate clients. Additionally, W2 provides AMLchecker for compliance with European Union Money Laundering Directives, and BSMART, which performs batch screening against multiple data sources, including sanctions lists and criminal watch-lists. The company also features LiveBoat, a tool that ensures data continuity during outages. W2 serves a diverse clientele, including both consumers and corporations, across the UK and internationally.

Lignia Wood Company

Venture Round in 2018
Lignia Wood Company, based in Barry, United Kingdom, specializes in the manufacturing of solid wood products for both indoor and outdoor applications. The company addresses challenges related to the limited availability of legal and sustainable hardwoods by offering a range of high-performance timber solutions. Their product lineup includes wood for cladding, decking, and flooring, catering to diverse construction and design needs while promoting sustainability in the timber industry.

Ocean Matters

Debt Financing in 2018
Ocean Matters Ltd is a company based in Anglesey, United Kingdom, focused on providing sustainable sea-lice management solutions. Founded in 2015, it operates as a subsidiary of Marine Harvest (Scotland) Ltd. The company aims to become an industry leader in its field by developing reliable supplies of healthy cleaner fish, which are crucial for effective sea-lice management. Ocean Matters leverages its expertise in marine water recirculating aquaculture systems (RAS) and water treatment to enhance the effectiveness of its solutions. Through its commitment to sustainability, the company seeks to address the challenges posed by sea-lice in aquaculture, contributing to the overall health of marine ecosystems.

Oil4Wales

Debt Financing in 2018
Oil 4 Wales is an independent fuel supplier providing a much needed range of services to homes, businesses, commercial premises, agricultural and retail customers throughout Wales.

Camtronics Vale

Debt Financing in 2018
Camtronics Vale Limited is an electronics manufacturer based in Tredegar, United Kingdom, established in 1994. The company specializes in producing electronic assemblies for various sectors, including scientific, medical, industrial, automotive, and LED lighting industries across the UK and Europe. Its comprehensive service offerings encompass surface mount assembly, LED placements, electronic assembly, PCB assembly, box building, programming, and testing. Camtronics Vale is known for providing high-quality outsourcing solutions tailored to the needs of clients requiring complex electronic assembly and product manufacturing. With over two decades of experience, the company focuses on technically challenging and logistically demanding manufacturing processes, ensuring the delivery of reliable components and final products to its customers.

Talkative

Series A in 2018
Talkative Ltd is a software company based in Newport, United Kingdom, established in 2015. It specializes in real-time customer engagement solutions that enable businesses to connect with their online customers through various communication methods. The company's offerings include voice and video web calling, co-browsing, and web chat, all seamlessly integrated into clients' websites. Talkative's technology is designed to enhance online sales, boost website conversions, generate leads, and improve customer service while also reducing operational costs. By facilitating direct communication with website visitors, Talkative aims to elevate the overall customer experience in a rapidly evolving digital landscape.

Carapace Slate

Seed Round in 2018
Carapace Slate, located just outside Cardiff, South Wales, specializes in innovative roofing solutions designed to transform the construction industry. The company has developed a composite, snap-fit roof tile that emulates the aesthetic qualities of traditional Welsh slate, incorporating materials sourced from the region’s industrial history. With a patented interlocking system, these roof tiles eliminate the need for nails, significantly reducing installation time and costs while also enhancing the productivity of the workforce. Carapace Slate's commitment to sustainable construction aligns with efforts towards net-zero roofing, positioning the company as a forward-thinking player in the building materials market.

Jellagen

Series B in 2018
Jellagen is a Med-Tech company that develops and supplies native collagen sourced from jellyfish for research, regenerative medicine, and tissue engineering. The company provides non-mammalian jellyfish collagen suitable for in vitro cell culture and regenerative medicine applications, available in solution or powder with demonstrated batch-to-batch consistency. Its products support laboratory research, stem cell work, and the fabrication of medical devices aimed at wound management and tissue engineering. Founded in 2013 and based in Pembroke Dock, United Kingdom, Jellagen positions its collagen as an alternative to mammalian sources for researchers seeking defined, biocompatible materials.

NearMeNow

Seed Round in 2018
NearMeNow Ltd. is a company that develops a mobile application aimed at enhancing the visibility and engagement of local shops and suppliers within their communities. The application offers features such as augmented reality, instant messaging, geo-location tagging, online transactions, and digital maps, allowing businesses to effectively advertise and connect with customers. By providing tools for campaign planning and scheduling, NearMeNow enables smaller businesses to compete with larger brands and online retailers. Founded in 2016 and based in Caerphilly, United Kingdom, the company primarily serves individual business owners in areas such as Cowbridge, Vale of Glamorgan, and Wales. The app is available on both iOS and Android platforms, offering a cost-effective digital solution to help revitalize high streets and foster collaboration among local enterprises.

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.

Paperclip

Venture Round in 2018
Paperclip App Ltd. is a mobile application company based in Penarth, United Kingdom, that specializes in location-based trading of second-hand goods. Founded in 2014, the Paperclip app allows users to buy, sell, swap, and freecycle items they no longer need with other users in their vicinity. The platform fosters a community-oriented marketplace, enabling individuals to browse and bid on various items in a straightforward and efficient manner. By connecting users with trusted members of the community, Paperclip promotes sustainable consumption practices and encourages the recycling of unloved items.

Urban Intelligence

Seed Round in 2017
Urban Intelligence is a property technology company that aims to transform the valuation of land and property through innovative technology and data science. It has developed a suite of products to streamline property transactions, notably featuring SiteScore, a sophisticated algorithm that evaluates the sustainability of over 28.7 million land parcels in England and Wales. By considering factors such as planning environment, geography, transport links, and educational facilities, SiteScore generates a tailored score for each site, allowing developers and landowners to assess their development potential effectively. This tool produces comprehensive reports that aggregate crucial data on a site’s sustainability, significantly reducing the time and cost associated with traditional manual reporting. By enabling property developers to quickly identify and focus on the most promising sites, Urban Intelligence enhances decision-making in real estate development.

Trameto

Seed Round in 2017
Trameto Ltd. is a manufacturer based in Swansea, United Kingdom, specializing in power management integrated circuits (PMICs) and wireless IoT edge devices. Established in 2016, the company focuses on developing intelligent, ultra-efficient power management solutions that facilitate micro energy harvesting. Trameto's innovative products aim to eliminate the need for batteries in ultra-low-power systems, enabling the creation of self-sustaining autonomous wireless devices for various Internet of Things applications. By providing effective and economical alternatives to traditional battery dependency, Trameto is poised to drive advancements in the field of energy management for wireless technologies.

We Predict

Venture Round in 2017
We Predict Ltd. is a company that specializes in predictive analytics for the automotive industry, providing innovative solutions to manufacturers and their supply chains both in the United Kingdom and globally. Established in 2008 and located in Swansea, the company utilizes advanced machine learning and actuarial mathematics to offer services such as Indico, an automated warranty data analytics platform. This platform enables automotive manufacturers to conduct extensive analyses of warranty data, facilitating quicker issue detection and uncovering hidden cost savings. By focusing on predictive methodologies, We Predict helps clients anticipate and mitigate potential component failures, thereby reducing the risk of expensive recalls and warranty claims. The company prides itself on transforming both big and small data into actionable insights, leveraging the expertise of a dedicated team of mathematicians, statisticians, and computer scientists to deliver comprehensible results that enhance decision-making and improve financial performance for its clients.

Perpetual V2G systems

Venture Round in 2017
Perpetual V2G Systems, established in 2012 and headquartered in Lampeter, UK, specializes in developing and manufacturing off-grid power and refrigeration solutions. The company's core business involves creating lithium-ion battery-based systems tailored for various applications, including commercial refrigeration vehicles, emergency power supplies, and solar energy storage. Perpetual V2G Systems also offers leasing and financing options to cater to diverse client needs. With a strong focus on research and development, the company has successfully commercialized its solutions in the UK and globally, forming strategic partnerships with leading European component suppliers. Their innovative products aim to reduce carbon emissions in off-grid and mobile power settings, making Perpetual V2G Systems a significant player in the off-grid power sector.

Bibi Shoes

Debt Financing in 2017
Bibi Shoes is a private retailer based in the United Kingdom, specializing in designer footwear for all members of the family. With retail locations in Cwmbran and Bristol, the company provides an extensive selection of branded footwear, including shoes, sandals, slippers, and heels. In addition to their retail offerings, Bibi Shoes features a professional shoe fitting service, ensuring customers find the perfect fit for their footwear needs. The company also operates a website, allowing customers to access quality footwear conveniently.

Jottnar

Venture Round in 2017
Jöttnar Ltd. is a premium outdoor apparel brand based in Cardiff, United Kingdom, specializing in technical clothing designed for mountaineering, winter climbing, and mountain skiing. Founded in 2011 by two Royal Marines Commandos who are also avid mountaineers and skiers, the company focuses on creating high-quality, durable clothing that can withstand extreme climatic conditions. Jöttnar's products are marketed online across Europe and internationally, catering to adventure enthusiasts seeking reliable apparel for various outdoor activities. The brand is committed to authenticity and excellence in the performance of its clothing, aligning with the spirit of heroic mountain sports endeavors.

Seren Electrical Supplies

Debt Financing in 2017
Seren Electrical Supplies is a manufacturer and supplier of electrical goods based in Caerphilly, Wales. The company offers a diverse selection of high-quality electrical products suitable for both commercial and domestic customers. Their product range includes lighting, wiring accessories, and various types of cables, among other electrical items designed to meet the needs of various projects. Seren Electrical Supplies ensures availability by maintaining stock and offering next-day delivery services, enabling customers to access the products they require promptly and efficiently.

Alesi Surgical

Venture Round in 2017
Alesi Surgical Ltd. is a company based in Cardiff, United Kingdom, specializing in the development and commercialization of laparoscopic surgical smoke handling systems. Founded in 2009 as a spin-out from the Welsh Institute for Minimal Access Therapy, Alesi Surgical focuses on creating products that enhance the safety, efficiency, and outcomes of surgical procedures. Its innovative tools are portable and suitable for both laparoscopic and robot-assisted surgeries, utilizing electrostatic precipitation technology to eliminate surgical smoke and maintain a clear visual field during operations. The company distributes its products to hospitals across Europe, the Middle East, New Zealand, and Australia, leveraging its access to experienced surgeons and surgical trainers to identify challenges in surgical procedures and design effective solutions.

Glamorgan Telecom

Venture Round in 2017
Glamorgan Telecom Limited is a prominent provider of telephony solutions and communication services based in Cardiff, United Kingdom. Established in 1993, the company specializes in distributing a range of telecom systems, including VoIP, remote networking, SIP trunks, and mobile integration. It also offers services such as call recording, wireless solutions, hosted services, telephone lines, and data and cloud communications. Serving various sectors, including office, retail, healthcare, and education, Glamorgan Telecom aims to enhance business connectivity and efficiency through its comprehensive offerings. The company operates as a subsidiary of OneCom Limited, further strengthening its position in the communication and connectivity market in Wales and the South West.

W2

Series A in 2017
W2 Global Data Solutions Limited is a provider of online screening tools and services designed to facilitate the verification of individuals and organizations. Founded in 2011 and headquartered in Cardiff, United Kingdom, the company offers a range of web-based applications including SAVI, which allows users to access various databases for identity verification, and KYCchecker, which enables real-time ID verification for consumers and corporate clients. Additionally, W2 provides AMLchecker for compliance with European Union Money Laundering Directives, and BSMART, which performs batch screening against multiple data sources, including sanctions lists and criminal watch-lists. The company also features LiveBoat, a tool that ensures data continuity during outages. W2 serves a diverse clientele, including both consumers and corporations, across the UK and internationally.

Cellesce

Venture Round in 2017
Cellesce Ltd is a biochemical engineering company located in Cardiff, UK, specializing in cell expansion focused on organoids. The company provides bioprocessing technology and engineering services aimed at drug discovery and organ-on-a-chip applications. Cellesce is known for its expertise in the development, scale-up, and manufacture of patient-derived organoids, utilizing proprietary bioprocesses and bioreactors. These technologies allow for the expansion of both normal and cancer patient-derived organoids for various applications, including drug screening. Cellesce employs in-line sensors and real-time monitoring to ensure precise culture conditions, enhance yield, control organoid size, and minimize variability across different batches and users, ultimately supporting healthcare professionals in drug efficacy testing.

thevoicefactory

Debt Financing in 2017
thevoicefactory Ltd is a cloud communications provider headquartered in Cardiff, United Kingdom. Established in 2008, the company specializes in developing a unified communications platform that serves various sectors, including hospitality, automotive, and legal. With a robust private label program, thevoicefactory supports over 65,000 users across 21 countries. As of April 2018, the company operates as a subsidiary of Evolve IP, LLC, enhancing its capabilities and market reach.

Peninsula Property Management

Debt Financing in 2017
Peninsula Property Management is a provider of comprehensive services for holiday home management in Pwllheli, United Kingdom. The company specializes in cleaning and laundry services tailored for holiday let businesses, ensuring properties are maintained in optimal condition. Its offerings include changeover cleaning, linen and laundry services, and general property maintenance. With a commitment to quality and reliability, Peninsula Property Management delivers round-the-clock assistance to meet the needs of its clients effectively.

Cargo Services

Debt Financing in 2017
Cargo Services (UK) Ltd is a company based in Newport, United Kingdom, specializing in the handling and distribution of various types of cargo through seaborne traffic at its private port. Established in 1995, it provides a range of services including port and terminal operations, stevedoring, shipwright services, and freight forwarding. The company also offers warehousing and cargo storage solutions tailored for port and terminal operators, hauliers, and freight forwarders. Its operations are designed to facilitate seamless logistics connected to both road and rail networks, ensuring efficient movement and management of cargo. As of August 2018, Cargo Services (UK) Ltd operates as a subsidiary of SIMEC Shipping UK Limited.

Chocci Cake Company

Debt Financing in 2017
Chocci Cake Company is a producer of handmade chocolates and bespoke chocolate cakes located in Newport, United Kingdom. The company specializes in creating customized chocolate cakes for various special occasions, including birthdays and weddings. By focusing on personalized offerings, Chocci Cake Company caters to the unique preferences of its customers, ensuring that each product is tailored to meet specific needs and tastes.

Smartpipe Solutions

Series A in 2016
Smartpipe is creating the only global, real-time, privacy compliant and completely secure data ecosystem for the monetisation of network operators’ rich customer data. Their patent-protected solution enables network operators, data providers, advertising agencies and brands to mutually benefit from high-quality, privacy compliant data assets, driving ROI for the entire data monetisation value chain. Made possible by a single technical integration into multiple ecosystems such as advertising, e-commerce and financial services, Smartpipe’s approach offers contextual, consented and anonymised customer data segments to data partners in real-time. This enables the delivery of highly relevant and targeted commercial communications to consumers. Smartpipe is backed by leading mobile, enterprise and SaaS investors, is headquartered in London with a software and development research centre in Cwmbran.

Paperclip

Venture Round in 2016
Paperclip App Ltd. is a mobile application company based in Penarth, United Kingdom, that specializes in location-based trading of second-hand goods. Founded in 2014, the Paperclip app allows users to buy, sell, swap, and freecycle items they no longer need with other users in their vicinity. The platform fosters a community-oriented marketplace, enabling individuals to browse and bid on various items in a straightforward and efficient manner. By connecting users with trusted members of the community, Paperclip promotes sustainable consumption practices and encourages the recycling of unloved items.

Mainstay Marine Solutions

Debt Financing in 2016
Mainstay Marine Solutions specializes in the design and construction of workboats, leveraging over 30 years of expertise in boat building. Located in Pembroke Dock, South Wales, the company is recognized for its high-quality craftsmanship and commitment to producing exceptional Welsh products for a global clientele. Mainstay Marine Solutions offers a comprehensive range of services, including new workboat construction, refits, maintenance, and repairs, ensuring that clients receive thorough support throughout the lifecycle of their vessels. The company is dedicated to meeting critical deadlines with precision, maximizing the operational time of vessels and associated infrastructure while prioritizing safety and efficiency.

Talkative

Seed Round in 2016
Talkative Ltd is a software company based in Newport, United Kingdom, established in 2015. It specializes in real-time customer engagement solutions that enable businesses to connect with their online customers through various communication methods. The company's offerings include voice and video web calling, co-browsing, and web chat, all seamlessly integrated into clients' websites. Talkative's technology is designed to enhance online sales, boost website conversions, generate leads, and improve customer service while also reducing operational costs. By facilitating direct communication with website visitors, Talkative aims to elevate the overall customer experience in a rapidly evolving digital landscape.

Jellagen

Series A in 2016
Jellagen is a Med-Tech company that develops and supplies native collagen sourced from jellyfish for research, regenerative medicine, and tissue engineering. The company provides non-mammalian jellyfish collagen suitable for in vitro cell culture and regenerative medicine applications, available in solution or powder with demonstrated batch-to-batch consistency. Its products support laboratory research, stem cell work, and the fabrication of medical devices aimed at wound management and tissue engineering. Founded in 2013 and based in Pembroke Dock, United Kingdom, Jellagen positions its collagen as an alternative to mammalian sources for researchers seeking defined, biocompatible materials.

Jistcourt

Debt Financing in 2016
Jistcourt South Wales Limited is a construction company based in Baglan, Port Talbot, United Kingdom, established in 1980. It specializes in providing building contracting and civil engineering services throughout South Wales. The company focuses on design and build, refurbishment, and repair projects, catering primarily to social landlords, local authorities, and various sectors including education, healthcare, and commercial and industrial developments. Jistcourt's expertise encompasses architectural engineering and technical building services, enabling clients to develop and maintain durable structures that meet diverse community needs.

Stratium

Seed Round in 2016
Stratium Limited is a manufacturer of mid-infrared quantum cascade lasers (QCL) based in Cardiff, United Kingdom. Established in 2015, the company specializes in providing compound semiconductor lasers to original equipment manufacturers (OEM) for various commercial applications. Stratium's QCLs support critical functions in environmental monitoring, vehicle emission tracking, vehicle collision avoidance, breath diagnostics, and petrochemical process oversight. The lasers are designed to deliver precise mid-infrared emissions essential for advanced gas analysis, utilizing innovative wavelength selection technology that enhances their compactness, stability, and performance. These features make Stratium's products suitable for sensitive detection of molecular species employing techniques such as cavity ring-down spectroscopy, cavity enhanced absorption spectrometry, and photoacoustic spectroscopy, enabling clients to effectively monitor airborne substances.

Seren Photonics

Venture Round in 2015
Seren Photonics Limited specializes in the development and manufacture of semi-polar and non-polar Gallium Nitride (GaN) templates, which are essential for light-emitting diodes (LEDs), lasers, vertical-cavity surface-emitting lasers (VCSELs), and power switches. Based in Bridgend, United Kingdom, the company employs a proprietary manufacturing process to produce these templates, specifically growing semi-polar GaN on m-plane sapphire and non-polar GaN on r-plane sapphire. Their innovative technology significantly enhances light intensity in high-brightness LEDs, achieving increases in light generation ranging from 100% to 900% compared to untreated diodes. Founded in 2009, Seren Photonics has positioned itself to serve various lighting markets, including backlighting for laptops and televisions, signage, and architectural lighting. As of November 2016, it operates as a subsidiary of Fusion IP Sheffield Limited.

Creo Medical

Venture Round in 2015
Creo Medical Limited is a medical device manufacturer based in Chepstow, South Wales, specializing in the research and development of electrosurgical devices for surgical endoscopy. Established in 2003 and originally known as MicroOncology Ltd, the company focuses on innovative technologies that enhance surgical procedures. One of its key products is the Speedboat RS2, which integrates bipolar radiofrequency and microwave energy into a single platform for various applications, including tissue dissection, resection, ablation, and coagulation. Creo Medical operates from a modern facility equipped with controlled manufacturing areas, including a Class 6 Cleanroom, to support its research and development efforts.

Nudjed

Seed Round in 2015
Nudjed Ltd. is a company that develops and operates a personalized online health and wellbeing platform designed for busy professionals. Founded in 2013 and based in Cardiff, United Kingdom, Nudjed provides users with access to health advice, motivational goal-setting support, and step-by-step challenges to enhance their health. The platform allows individuals to book training sessions and receive expert guidance in psychology, physiology, and nutrition. Additionally, Nudjed offers tools for teams to optimize their resources in ways that enhance productivity within the workplace. Through its digital health advice system, which includes motivational challenges and personalized guidance, Nudjed aims to deliver impactful support to its users.

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.

Biomonde

Venture Round in 2015
BioMonde GmbH, established in 1996 and headquartered in Barsbüttel, Germany, is a specialized wound care company that focuses on the manufacture and distribution of larval debridement therapy products, commonly known as maggot therapy, for treating chronic, infected, and necrotic wounds. The company operates across several European countries, including Germany, Austria, the Netherlands, the United Kingdom, Finland, Denmark, Belgium, Luxembourg, and Poland, utilizing a network of distributors to reach its markets. BioMonde Ltd., incorporated in 2004 and based in Bridgend, United Kingdom, serves as the parent company and also develops and markets these therapeutic products, with production facilities located in the UK, Germany, and the United States. The company emphasizes research, development, and education to enhance its offerings in wound debridement.

Creo Medical

Venture Round in 2014
Creo Medical Limited is a medical device manufacturer based in Chepstow, South Wales, specializing in the research and development of electrosurgical devices for surgical endoscopy. Established in 2003 and originally known as MicroOncology Ltd, the company focuses on innovative technologies that enhance surgical procedures. One of its key products is the Speedboat RS2, which integrates bipolar radiofrequency and microwave energy into a single platform for various applications, including tissue dissection, resection, ablation, and coagulation. Creo Medical operates from a modern facility equipped with controlled manufacturing areas, including a Class 6 Cleanroom, to support its research and development efforts.

Biomonde

Venture Round in 2014
BioMonde GmbH, established in 1996 and headquartered in Barsbüttel, Germany, is a specialized wound care company that focuses on the manufacture and distribution of larval debridement therapy products, commonly known as maggot therapy, for treating chronic, infected, and necrotic wounds. The company operates across several European countries, including Germany, Austria, the Netherlands, the United Kingdom, Finland, Denmark, Belgium, Luxembourg, and Poland, utilizing a network of distributors to reach its markets. BioMonde Ltd., incorporated in 2004 and based in Bridgend, United Kingdom, serves as the parent company and also develops and markets these therapeutic products, with production facilities located in the UK, Germany, and the United States. The company emphasizes research, development, and education to enhance its offerings in wound debridement.

Seren Photonics

Venture Round in 2014
Seren Photonics Limited specializes in the development and manufacture of semi-polar and non-polar Gallium Nitride (GaN) templates, which are essential for light-emitting diodes (LEDs), lasers, vertical-cavity surface-emitting lasers (VCSELs), and power switches. Based in Bridgend, United Kingdom, the company employs a proprietary manufacturing process to produce these templates, specifically growing semi-polar GaN on m-plane sapphire and non-polar GaN on r-plane sapphire. Their innovative technology significantly enhances light intensity in high-brightness LEDs, achieving increases in light generation ranging from 100% to 900% compared to untreated diodes. Founded in 2009, Seren Photonics has positioned itself to serve various lighting markets, including backlighting for laptops and televisions, signage, and architectural lighting. As of November 2016, it operates as a subsidiary of Fusion IP Sheffield Limited.

Vizolution

Seed Round in 2013
Vizolution Limited, based in Port Talbot, United Kingdom, is a provider of innovative customer engagement solutions tailored primarily for the financial services, insurance, energy, and telecommunications industries. The company offers a suite of tools designed to enhance remote customer interactions and streamline financial transactions. Its flagship product, vScreen, is a patented screen-sharing technology that allows agents to conduct virtual meetings with customers, facilitating real-time document sharing and electronic signatures. Other offerings include vDoc, a secure portal for document management; vChat, which enhances web conversations with interactive features; and vVid, an advanced video solution that integrates with vScreen. Vizolution's solutions aim to improve customer satisfaction and sales productivity while ensuring compliance with industry regulations. The company, which was formerly known as Norland Technology Limited until its rebranding in 2015, also has an office in Toronto, Canada.

Acuitas Medical

Venture Round in 2013
Acuitas Medical Ltd is a company that develops and commercializes Fine Structure Analysis (fineSA), a magnetic resonance-based diagnostic technique designed for the in-vivo characterization of anatomical structures at a fine scale. The fineSA software addresses specific clinical imaging challenges and is particularly effective in applications related to bone diseases, such as osteoporosis, and liver fibrosis. The technology leverages the advantages of MRI, including high specificity, favorable signal-to-noise ratios, and the absence of radiation exposure. Founded in 2006 and originally named OsteoTronix Ltd, the company rebranded to Acuitas Medical Ltd in July 2010. It is headquartered in Swansea, United Kingdom, and focuses on advancing the diagnosis of various significant health conditions, including organ fibrosis and cancer.

MedaPhor

Funding Round in 2012
MedaPhor Limited is an e-learning company based in Cardiff, United Kingdom, that specializes in creating training products for postgraduate medical professionals. The company focuses on enhancing ultrasound examination techniques through its innovative simulation technology solutions. MedaPhor's offerings include Blue Phantom, which provides ultrasound phantoms for hands-on simulation training in gynaecology and obstetrics, and True Anatomy, an endovaginal training model designed for ultrasound simulation. Additionally, MedaPhor develops models for intrauterine pregnancy, ectopic pregnancy, and general pathology, contributing to the advancement of medical education and training. Established in 2004, MedaPhor aims to improve the skills and knowledge of healthcare practitioners through its comprehensive training solutions.

Creo Medical

Series A in 2012
Creo Medical Limited is a medical device manufacturer based in Chepstow, South Wales, specializing in the research and development of electrosurgical devices for surgical endoscopy. Established in 2003 and originally known as MicroOncology Ltd, the company focuses on innovative technologies that enhance surgical procedures. One of its key products is the Speedboat RS2, which integrates bipolar radiofrequency and microwave energy into a single platform for various applications, including tissue dissection, resection, ablation, and coagulation. Creo Medical operates from a modern facility equipped with controlled manufacturing areas, including a Class 6 Cleanroom, to support its research and development efforts.

Calon Cardio-Technology

Series B in 2012
Calon Cardio-Technology Ltd is a medical device company based in Swansea, United Kingdom, focused on developing innovative solutions for chronic heart failure. The company specializes in implantable micro blood pumps designed to enhance cardiac function and alleviate the symptoms associated with heart failure. Its flagship product, the MiniVAD, is a miniature device implanted into the left ventricle of the heart to improve blood supply and potentially slow the progression of heart failure. In addition to the MiniVAD, Calon offers the MicroVAD, aimed at earlier intervention for patients experiencing advancing heart failure, and the CathVAD, a catheter-delivered micro-pump specifically designed for treating acute heart failure. Established in 2007, Calon Cardio-Technology is dedicated to advancing cardiac care through minimally invasive surgical options.

Viscose Closures

Venture Round in 2012
Viscose Closures Ltd. is a packaging manufacturer based in Swansea, United Kingdom, founded in 1892. The company specializes in producing a wide range of primary and secondary closures, including shrink sleeves, corks, sports caps, flat caps, crown corks, aluminum closures, and plastic caps. Viscose Closures is recognized for its pilfer-proof and tamper-evident solutions, catering to various markets such as beverages, cosmetics, pharmaceuticals, food, personal care, and household products. The company aims to provide responsive and flexible services to enhance its customers' productivity while ensuring the integrity and safety of their packaging.

Acuitas Medical

Seed Round in 2011
Acuitas Medical Ltd is a company that develops and commercializes Fine Structure Analysis (fineSA), a magnetic resonance-based diagnostic technique designed for the in-vivo characterization of anatomical structures at a fine scale. The fineSA software addresses specific clinical imaging challenges and is particularly effective in applications related to bone diseases, such as osteoporosis, and liver fibrosis. The technology leverages the advantages of MRI, including high specificity, favorable signal-to-noise ratios, and the absence of radiation exposure. Founded in 2006 and originally named OsteoTronix Ltd, the company rebranded to Acuitas Medical Ltd in July 2010. It is headquartered in Swansea, United Kingdom, and focuses on advancing the diagnosis of various significant health conditions, including organ fibrosis and cancer.

Geosho

Seed Round in 2011
Geosho, founded in 2010 and launched in 2011, is a Wales-based company that specializes in web-based mapping and location data services aimed at small and medium enterprises in the European Union. With a dedicated team of four employees, Geosho has developed a range of market-specific products leveraging their core platform and API to provide affordable location and mapping solutions integrated with bespoke smartphone applications. The company utilizes established Open Source technologies and has partnered with ESRI UK to offer customized hybrid solutions for larger organizations. Its product lineup includes Tradeshift, a spatial analysis application; Bausho, a mapping-based property management system for estate agents; and Rougeo, a platform for location-based content authoring and distribution. Geosho's innovations are accessible to clients across Europe, the US, Asia, Africa, and Australasia, with plans to expand into public transport applications and other white label projects to enhance their service offering.

Unite Technologies

Venture Round in 2010
Unite Technologies Ltd, located in Usk, Monmouthshire, UK, specializes in providing data centre and IT infrastructure solutions. The company manufactures IT systems and offers integrated technology solutions tailored for the data centre and network infrastructure sectors. Its focus is on enhancing industry capabilities while addressing critical challenges such as stability, power and cooling, business continuity, capacity planning, risk management, security, network complexity, and energy efficiency. Through its offerings, Unite Technologies aims to support the evolving needs of the IT and facility management sectors.

Acuitas Medical

Funding Round in 2010
Acuitas Medical Ltd is a company that develops and commercializes Fine Structure Analysis (fineSA), a magnetic resonance-based diagnostic technique designed for the in-vivo characterization of anatomical structures at a fine scale. The fineSA software addresses specific clinical imaging challenges and is particularly effective in applications related to bone diseases, such as osteoporosis, and liver fibrosis. The technology leverages the advantages of MRI, including high specificity, favorable signal-to-noise ratios, and the absence of radiation exposure. Founded in 2006 and originally named OsteoTronix Ltd, the company rebranded to Acuitas Medical Ltd in July 2010. It is headquartered in Swansea, United Kingdom, and focuses on advancing the diagnosis of various significant health conditions, including organ fibrosis and cancer.

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.

MedaPhor

Funding Round in 2010
MedaPhor Limited is an e-learning company based in Cardiff, United Kingdom, that specializes in creating training products for postgraduate medical professionals. The company focuses on enhancing ultrasound examination techniques through its innovative simulation technology solutions. MedaPhor's offerings include Blue Phantom, which provides ultrasound phantoms for hands-on simulation training in gynaecology and obstetrics, and True Anatomy, an endovaginal training model designed for ultrasound simulation. Additionally, MedaPhor develops models for intrauterine pregnancy, ectopic pregnancy, and general pathology, contributing to the advancement of medical education and training. Established in 2004, MedaPhor aims to improve the skills and knowledge of healthcare practitioners through its comprehensive training solutions.

Mesuro

Venture Round in 2010
Mesuro is a technology company specializing in radio frequency equipment and device measurement solutions for the semiconductor industry. Founded on over a decade of research at Cardiff University's Institute of High Frequency and Communication's Engineering, Mesuro collaborates with leading companies in the RF communications sector to tackle significant technical challenges. The company provides device modeling, characterization, and optimization test services aimed at enhancing the performance of RF and microwave devices and amplifiers, thereby supporting advancements in design and manufacturing processes.

Ocelus

Series B in 2010
Ocelus Ltd is an early stage speciality pharmaceutical company, developing and commercialising the microimplant drug delivery system conceived by Dr Andrew Kirby. Founded in late 2007, Ocelus Ltd is based in South Wales, UK, Ocelus Ltd has been awarded two Welsh Assembly Government innovation grants, and has attracted venture capital funding from Finance Wales.

Mesuro

Series A in 2009
Mesuro is a technology company specializing in radio frequency equipment and device measurement solutions for the semiconductor industry. Founded on over a decade of research at Cardiff University's Institute of High Frequency and Communication's Engineering, Mesuro collaborates with leading companies in the RF communications sector to tackle significant technical challenges. The company provides device modeling, characterization, and optimization test services aimed at enhancing the performance of RF and microwave devices and amplifiers, thereby supporting advancements in design and manufacturing processes.

Diurnal

Grant in 2009
Diurnal Group plc is a specialty pharmaceutical company based in Cardiff, United Kingdom, that specializes in developing hormone therapeutics for the treatment of chronic endocrine conditions. Founded in 2004, the company aims to provide innovative solutions for conditions such as congenital adrenal hyperplasia, adrenal insufficiency, hypogonadism, and hypothyroidism. Diurnal's notable products include Alkindi, a replacement therapy for pediatric adrenal insufficiency, and Chronocort, which has completed Phase III clinical trials for adrenal insufficiency and congenital adrenal hyperplasia. The company is also advancing its early-stage pipeline with products such as Native Oral Testosterone for hypogonadism, a siRNA therapy for adrenocorticotropin-dependent Cushing's syndrome, and a modified-release preparation of T3 hormone for hypothyroidism. Diurnal's research emphasizes circadian-based endocrinology, focusing on physiological treatment regimes to address the needs of patients with rare and chronic endocrine disorders.

Thinqi

Venture Round in 2008
Thinqi is a digital learning agency specialized in creating and supplying software solutions for learning and development organizations. The company offers a range of bespoke e-learning services, including interactive content development and comprehensive e-learning platform solutions. Its key products include the Thinqi Learner Engagement Platform, which serves as a digital resource library and event management tool, and My Learning Space, a social learning platform that facilitates communication and collaboration within educational settings. Additionally, Thinqi provides consultancy services to assist clients in designing effective e-learning solutions, alongside other platforms like MLS Junior for younger learners and Pedagogue for educational professionals. Founded in 1998 and based in Swansea, United Kingdom, Thinqi is committed to enhancing digital learning accessibility through its innovative tools and content, catering to schools, training organizations, and corporate training departments.

Node Management

Venture Round in 2005
Node Management is a software and multi-media business, recently moved from Wales to Bristol.

Thinqi

Venture Round in 2001
Thinqi is a digital learning agency specialized in creating and supplying software solutions for learning and development organizations. The company offers a range of bespoke e-learning services, including interactive content development and comprehensive e-learning platform solutions. Its key products include the Thinqi Learner Engagement Platform, which serves as a digital resource library and event management tool, and My Learning Space, a social learning platform that facilitates communication and collaboration within educational settings. Additionally, Thinqi provides consultancy services to assist clients in designing effective e-learning solutions, alongside other platforms like MLS Junior for younger learners and Pedagogue for educational professionals. Founded in 1998 and based in Swansea, United Kingdom, Thinqi is committed to enhancing digital learning accessibility through its innovative tools and content, catering to schools, training organizations, and corporate training departments.
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