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 SME

Lumin Solutions

Pre Seed Round in 2025
Lumin Solutions is a start-up that has developed a case management system for use by child social care providers.

ThinkEDI

Debt Financing in 2025
ThinkEDI is an app which collates, measures and tracks diversity and inclusion data.

Hope Macy

Seed Round in 2023
Hope Macy is a growing fintech company specializing in secure money management solutions for consumers, with a focus on those in the subprime sector.

Operati

Pre Seed Round in 2023
Operati is a technology company that specializes in providing software solutions for small and medium-sized enterprises (SMEs). Its primary product is a platform that streamlines project planning and estimation, helping SMEs, particularly manufacturers and installers, to manage their estimating and project planning processes more efficiently. The platform offers features such as product configuration, sales intelligence, price estimation, and resource planning, all aimed at enhancing enterprise management.

Quote on Site

Seed Round in 2019
QuoteOnSite was founded in 2017 by husband and wife team TJ and Elaine Amas. Based in Swansea with two young children, the idea surfaced five years ago after noticing a need for a quoting tool within the trade and construction industry. After two years of market research, developing the product and a huge amount of testing, QuoteOnSite officially launched. TJ and Elaine then spent a further two years of bootstrapping while developing the product to make it suitable across all sectors and therefore applicable to all SMEs. They have now just received investment which has enabled them to work full time for QuoteOnSite which will in turn enable accelerated growth.

Mazuma

Debt Financing in 2018
Mazuma provides online accounting and bookkeeping services for small businesses across the UK.

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.

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.

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.

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.
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