Hardware and engineering investors in Wales
Wales, led by Cardiff and Swansea, has a distinct investor base including government-backed funds alongside angel networks and university spinouts. Hardware, robotics and engineering companies usually need more capital before revenue, so grants, university funds and patient angel money feature heavily. 76 investor-backed hardware and engineering companies in Wales are in Pulse, and 4 raised a first funding round in the last year.
- Investor-backed companies
- 76
- Active investors, 2 years
- 133
- Rounds, 2 years
- 19
- Median round
- £262k
Who is investing
In the last two years 30 funds, firms and family offices and 103 angels took shares in hardware and engineering companies in Wales, with the latest round in Sep 2026. These are the firms backing the most of these companies:
| Firm | Type | Companies |
|---|---|---|
| DBW Investments (3) Limited | Fund or investment firm | 4 companies |
| SFC BBI | Fund or investment firm | 4 companies |
| SFC Capital | Fund or investment firm | 4 companies |
| Almanac Ventures Limited | Fund or investment firm | 1 company |
| Andromeda International Investments Limited | Fund or investment firm | 1 company |
| Angel Invest Wales Limited | Fund or investment firm | 1 company |
| Angel Investment Ventures Limited | Fund or investment firm | 1 company |
| Ap Ventures Fund III GP LLP | Fund or investment firm | 1 company |
See all 133 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, 19 funding rounds were raised by hardware and engineering companies in Wales, an estimated £15.0m, with a median round of about £262k. 4 of the companies raised their first priced round in the last 12 months. 32% of these valuations carry a High confidence rating.
How Wales compares
Wales has 4% of the UK's hardware and engineering sector's 1,973 investor-backed companies. The median round of £262k is above the £228k median for the UK's hardware and engineering sector, and above the UK-wide £176k. By stage, 13 are at seed, 7 are at venture stage, 3 are growth. The most active firm in these companies is DBW Investments (3) Limited, in 4 companies.
Questions
How many investors back hardware and engineering companies in Wales?
Pulse found 133 outside investors taking shares in hardware and engineering companies in Wales in the last two years: 30 funds, firms and family offices, and 103 angels.
How much do hardware and engineering companies in Wales raise?
Over the last two years 19 rounds were raised, an estimated £15.0m in total. The median round was about £262k.
How accurate are the amounts?
They are Pulse estimates, each with a confidence rating. 32% 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.