Growth-stage investors in Wales
Wales, led by Cardiff and Swansea, has a distinct investor base including government-backed funds alongside angel networks and university spinouts. 28 investor-backed growth-stage companies in Wales are in Pulse, and 0 raised a first funding round in the last year.
- Investor-backed companies
- 28
- Active investors, 2 years
- 120
- Rounds, 2 years
- 23
- Median round
- £909k
Who is investing
In the last two years 39 funds, firms and family offices and 81 angels took shares in growth-stage companies in Wales, with the latest round in Oct 2026. These are the firms backing the most of these companies:
| Firm | Type | Companies |
|---|---|---|
| DBW Investments (3) Limited | Fund or investment firm | 4 companies |
| Amzl, LP | Fund or investment firm | 1 company |
| Andromeda International Investments Limited | Fund or investment firm | 1 company |
| Arkle Investments Limited | Fund or investment firm | 1 company |
| Ball Capital Investment Ltd | Fund or investment firm | 1 company |
| British Business Investments Ltd | Fund or investment firm | 1 company |
| British Technology Investments Limited | Fund or investment firm | 1 company |
| Broadway Ventures Limited | Fund or investment firm | 1 company |
See all 120 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, 23 funding rounds were raised by growth-stage companies in Wales, an estimated £129.7m, with a median round of about £909k. 30% of these valuations carry a High confidence rating.
How Wales compares
Wales has 1% of the UK's growth-stage companies's 2,485 investor-backed companies. The median round of £909k is below the £2.08m median for the UK's growth-stage companies, and above the UK-wide £176k. The leading sectors are business services (5), software & it (4) and retail & ecommerce (3). The most active firm in these companies is DBW Investments (3) Limited, in 4 companies.
Questions
How many investors back growth-stage companies in Wales?
Pulse found 120 outside investors taking shares in growth-stage companies in Wales in the last two years: 39 funds, firms and family offices, and 81 angels.
How much do growth-stage companies in Wales raise?
Over the last two years 23 rounds were raised, an estimated £129.7m in total. The median round was about £909k.
Which sectors raise the most in Wales?
By number of investor-backed companies, business services (5), software & it (4), retail & ecommerce (3) lead in Wales.
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.