Series A investors in Wales
Wales, led by Cardiff and Swansea, has a distinct investor base including government-backed funds alongside angel networks and university spinouts. 106 investor-backed series a companies in Wales are in Pulse, and 4 raised a first funding round in the last year.
- Investor-backed companies
- 106
- Active investors, 2 years
- 579
- Rounds, 2 years
- 148
- Median round
- £200k
Who is investing
In the last two years 110 funds, firms and family offices and 463 angels took shares in series a companies in Wales, with the latest round in Nov 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 | 7 companies |
| SyndicateRoom | Fund or investment firm | 5 companies |
| SFC BBI | Fund or investment firm | 3 companies |
| University of Bristol | University | 3 companies |
| Foresight VCT PLC | Fund or investment firm | 2 companies |
| Genmed Capital Management Limited | Fund or investment firm | 2 companies |
| Green Angel BBI | Fund or investment firm | 2 companies |
See all 579 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, 148 funding rounds were raised by series a companies in Wales, an estimated £105.1m, with a median round of about £200k. 4 of the companies raised their first priced round in the last 12 months. 36% of these valuations carry a High confidence rating.
How Wales compares
Wales has 2% of the UK's series a companies's 5,483 investor-backed companies. The median round of £200k is below the £250k median for the UK's series a companies, and above the UK-wide £176k. The leading sectors are software & it (34), life sciences (15) and business services (13). The most active firm in these companies is DBW Investments (3) Limited, in 33 companies.
Questions
How many investors back series a companies in Wales?
Pulse found 579 outside investors taking shares in series a companies in Wales in the last two years: 110 funds, firms and family offices, and 463 angels.
How much do series a companies in Wales raise?
Over the last two years 148 rounds were raised, an estimated £105.1m in total. The median round was about £200k.
Which sectors raise the most in Wales?
By number of investor-backed companies, software & it (34), life sciences (15), business services (13) 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.