Software and IT investors in Wales
Wales, led by Cardiff and Swansea, has a distinct investor base including government-backed funds alongside angel networks and university spinouts. Software is the most heavily backed sector in the UK, from B2B SaaS and developer tools to AI products. Rounds tend to be frequent and fast, and angel syndicates often sit alongside seed funds. 227 investor-backed software and it companies in Wales are in Pulse, and 10 raised a first funding round in the last year.
- Investor-backed companies
- 227
- Active investors, 2 years
- 647
- Rounds, 2 years
- 133
- Median round
- £125k
Who is investing
In the last two years 107 funds, firms and family offices and 540 angels took shares in software and it 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 | 33 companies |
| SFC Capital | Fund or investment firm | 4 companies |
| Haatch | Fund or investment firm | 3 companies |
| Haatch BBI | Fund or investment firm | 3 companies |
| Anthemis Baloise Strategic Ventures LLP | Fund or investment firm | 2 companies |
| Fse Swif Equity GP Limited | Fund or investment firm | 2 companies |
| Odin Investments Limited | Fund or investment firm | 2 companies |
| SFC BBI | Fund or investment firm | 2 companies |
See all 647 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, 133 funding rounds were raised by software and it companies in Wales, an estimated £43.5m, with a median round of about £125k. 10 of the companies raised their first priced round in the last 12 months. 42% of these valuations carry a High confidence rating.
How Wales compares
Wales has 2% of the UK's software and it sector's 11,491 investor-backed companies. The median round of £125k is below the £160k median for the UK's software and it sector, and below the UK-wide £176k. By stage, 60 are at seed, 34 are at venture stage, 16 have exited. The most active firm in these companies is DBW Investments (3) Limited, in 33 companies.
Questions
How many investors back software and it companies in Wales?
Pulse found 647 outside investors taking shares in software and it companies in Wales in the last two years: 107 funds, firms and family offices, and 540 angels.
How much do software and it companies in Wales raise?
Over the last two years 133 rounds were raised, an estimated £43.5m in total. The median round was about £125k.
How accurate are the amounts?
They are Pulse estimates, each with a confidence rating. 42% 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.