Retail and ecommerce investors in Wales
Wales, led by Cardiff and Swansea, has a distinct investor base including government-backed funds alongside angel networks and university spinouts. Consumer brands and online retailers often raise from crowdfunding platforms and large groups of angels, alongside a smaller set of consumer-focused funds. 199 investor-backed retail and ecommerce companies in Wales are in Pulse, and 6 raised a first funding round in the last year.
- Investor-backed companies
- 199
- Active investors, 2 years
- 305
- Rounds, 2 years
- 35
- Median round
- £89k
Who is investing
In the last two years 47 funds, firms and family offices and 252 angels took shares in retail and ecommerce 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 | 3 companies |
| A&M Holdings As | Holding company (possible family office) | 1 company |
| Angel Cofund | Fund or investment firm | 1 company |
| As Holding Limited | Holding company (possible family office) | 1 company |
| As Holdings Limited | Holding company (possible family office) | 1 company |
| Anotherway Ventures | Fund or investment firm | 1 company |
| Bod Capital Limited | Fund or investment firm | 1 company |
| Broadwater Capital Limited | Fund or investment firm | 1 company |
See all 305 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, 35 funding rounds were raised by retail and ecommerce companies in Wales, an estimated £22.1m, with a median round of about £89k. 6 of the companies raised their first priced round in the last 12 months. 49% of these valuations carry a High confidence rating.
How Wales compares
Wales has 3% of the UK's retail and ecommerce sector's 7,129 investor-backed companies. The median round of £89k is below the £100k median for the UK's retail and ecommerce sector, and below the UK-wide £176k. By stage, 22 are at seed, 9 are inactive, 8 have exited. The most active firm in these companies is DBW Investments (3) Limited, in 3 companies.
Questions
How many investors back retail and ecommerce companies in Wales?
Pulse found 305 outside investors taking shares in retail and ecommerce companies in Wales in the last two years: 47 funds, firms and family offices, and 252 angels.
How much do retail and ecommerce companies in Wales raise?
Over the last two years 35 rounds were raised, an estimated £22.1m in total. The median round was about £89k.
How accurate are the amounts?
They are Pulse estimates, each with a confidence rating. 49% 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.