Medtech investors in Wales
Wales, led by Cardiff and Swansea, has a distinct investor base including government-backed funds alongside angel networks and university spinouts. Medical device and diagnostics companies often combine grant funding with angel and specialist fund rounds, with regulatory milestones shaping when they raise. 11 investor-backed medtech companies in Wales are in Pulse, and 1 raised a first funding round in the last year.
- Investor-backed companies
- 11
- Active investors, 2 years
- 31
- Rounds, 2 years
- 8
- Median round
- £188k
Who is investing
In the last two years 15 funds, firms and family offices and 16 angels took shares in medtech 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 |
| Hope-Med Healthcare Investment and Development Co,. Ltd | Fund or investment firm | 2 companies |
| 8DD Holdings LLC | Holding company (possible family office) | 1 company |
| Business Growth Fund (BGF) Enterprise Fund | Fund or investment firm | 1 company |
| Business Growth Fund (BGF) Investments | Fund or investment firm | 1 company |
| Ens Eyes Holding Aps | Holding company (possible family office) | 1 company |
| Fairstowe Investment Limited | Fund or investment firm | 1 company |
| Gemash Investments Limited | Fund or investment firm | 1 company |
See all 31 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, 8 funding rounds were raised by medtech companies in Wales, an estimated £4.23m, with a median round of about £188k. 1 of the companies raised their first priced round in the last 12 months. 25% of these valuations carry a High confidence rating.
How Wales compares
Wales has 5% of the UK's medtech sector's 221 investor-backed companies. The median round of £188k is below the £355k median for the UK's medtech sector, and close to the UK-wide £176k. By stage, 5 are at venture stage, 1 are at seed, 1 are inactive. The most active firm in these companies is DBW Investments (3) Limited, in 4 companies.
Questions
How many investors back medtech companies in Wales?
Pulse found 31 outside investors taking shares in medtech companies in Wales in the last two years: 15 funds, firms and family offices, and 16 angels.
How much do medtech companies in Wales raise?
Over the last two years 8 rounds were raised, an estimated £4.23m in total. The median round was about £188k.
How accurate are the amounts?
They are Pulse estimates, each with a confidence rating. 25% 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.