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

Investment Director and Member of the Investment Committee

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

Group Investment Director

Cenydd Rowlands

Property Director

Sarah Smith

Assistant Investment Executive

Nick Stork

Fund Manager

Giles Thorley

CEO and Board Member

Emily Wood

Investment Executive

Past deals in Spirits

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.

Mallows Beverages

Seed Round in 2024
Mallows Beverages is a beverage distribution company that specializes in natural fruit-based soft drinks and a range of alcoholic beverages. They produce and distribute refreshing, high-quality drinks using traditional methods and natural ingredients. Their product portfolio includes bourbon, gins, rums, and flavored liqueurs, catering to health-conscious consumers and specialty retailers seeking authentic, artisanal beverages.
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