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

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

New Investments Fund Manager

Cenydd Rowlands

Property Director

Nick Stork

Fund Manager

Giles Thorley

CEO

Past deals in ERP

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.

Tahdah

Venture Round in 2021
Tahdah is a multi-tenant cloud-based software platform that offers tailored functionalities for various users within the education and training sectors. It operates a Candidate Management System that serves National Governing Bodies and Awarding Bodies by providing real-time insights and data, while also promoting awards, workshops, and events. For Training Providers, the platform facilitates the management and distribution of verified training and awards to candidates. Associations and clubs benefit from Tahdah by streamlining membership management, including renewals and event promotion. Additionally, candidates can utilize the platform to create and manage their digital professional profiles, track their training and achievements, and access personalized notifications about relevant courses and events. Overall, Tahdah connects members, instructors, and awarding bodies in a secure and feature-rich online environment, enhancing the efficiency of training and membership processes.

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.

Hudman

Seed Round in 2016
Hudman Limited, established in 2005 and headquartered in Cwmbran, UK, specializes in providing cloud-based enterprise resource planning (ERP), accounting, and business management software tailored for small and medium-sized businesses in the UK. The company's flagship product, Central ERP, is a comprehensive manufacturing software solution that offers a wide range of functionalities, including accounting and financial control, customer relationship management, payroll and employee management, sales management, supply chain management, projects and departments, dispatch and shipping control, material requirements planning, works order management, scheduling and production planning, quality control management, customized reports, and security access levels. Additionally, Hudman offers Central Accounting, a multi-currency accounting and financial forecasting solution, and custom software solutions to meet specific business needs. As of 2017, Hudman operates as a subsidiary of Advanced Computer Software Group Limited.
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