Business services investors in Wales
Wales, led by Cardiff and Swansea, has a distinct investor base including government-backed funds alongside angel networks and university spinouts. A broad group covering consultancies, marketplaces, research and professional services businesses. Many tech companies also file under these codes. 510 investor-backed business services companies in Wales are in Pulse, and 7 raised a first funding round in the last year.
- Investor-backed companies
- 510
- Active investors, 2 years
- 522
- Rounds, 2 years
- 56
- Median round
- £182k
Who is investing
In the last two years 79 funds, firms and family offices and 443 angels took shares in business services companies in Wales, with the latest round in Nov 2026. These are the firms backing the most of these companies:
| Firm | Type | Companies |
|---|---|---|
| DBW Investments (3) Limited | Fund or investment firm | 7 companies |
| SFC Capital | Fund or investment firm | 3 companies |
| Car Holdings Group Ltd | Holding company (possible family office) | 2 companies |
| Gpe Capital Partners LLP | Fund or investment firm | 2 companies |
| Green Angel BBI | Fund or investment firm | 2 companies |
| SFC BBI | Fund or investment firm | 2 companies |
| Ada Ventures II LP, Acting by Its General Partner Av II GP LLP | Fund or investment firm | 1 company |
| Aiw Co-Investment Fund | Fund or investment firm | 1 company |
See all 522 active investors, including angels, with what they've backed, estimated cheque sizes and who they invest alongside.
Rounds and valuations
Over the last two years, 56 funding rounds were raised by business services companies in Wales, an estimated £33.6m, with a median round of about £182k. 7 of the companies raised their first priced round in the last 12 months. 43% of these valuations carry a High confidence rating.
How Wales compares
Wales has 3% of the UK's business services sector's 19,809 investor-backed companies. The median round of £182k is above the £148k median for the UK's business services sector, and close to the UK-wide £176k. By stage, 46 are at seed, 30 have exited, 13 are at venture stage. The most active firm in these companies is DBW Investments (3) Limited, in 7 companies.
Questions
How many investors back business services companies in Wales?
Pulse found 522 outside investors taking shares in business services companies in Wales in the last two years: 79 funds, firms and family offices, and 443 angels.
How much do business services companies in Wales raise?
Over the last two years 56 rounds were raised, an estimated £33.6m in total. The median round was about £182k.
How accurate are the amounts?
They are Pulse estimates, each with a confidence rating. 43% of recent valuations here carry a High confidence rating; the rest are marked Medium or Low.
Can I see every investor?
Pulse subscribers see every outside investor by name, with portfolios and co-investors, from £39.99 a month plus VAT (£47.99 inc. VAT). Contact details are not included and names are not linked to personal profiles.