The funding round combines backing from the Development Bank of Wales and Women Angels of Wales with grant support.
"We’re working hard to encourage more women to get involved with angel investing. Our support for Kaydiar is a great example of bringing together grant, angel and institutional funding to provide the resources to support the development of an innovative, early-stage company in Wales. Our syndicate is delighted to support Heather Smart and David Barton, two young podiatrists who are applying new technologies to improve patient outcomes in the footcare sector. We all look forward to working with Kaydiar to build a world class company."
The funding supports director Shane Clee in acquiring the established precast concrete manufacturer.
"After 24 years with Forden, this is a great opportunity to take on the business myself and work with our close-knit team to continue doing what we love and know best. We’ve worked closely with Geoff to build the strong reputation that we have and now look forward to getting stuck-in with our plans for future growth but we wouldn’t be doing it without the help of the Development Bank. From start to finish, they have been brilliant and I’m very grateful for their support, advice and reassurance throughout the process."
The seed round was led by Equitane with participation from Morgan Stanley Inclusive Ventures Lab and Silverbacks Holdings.
"This investment enables us to scale to a full proposition and technological ecosystem for creators to share content while also being commissioned for their work on the platform."
The technology value-added reseller has secured funding from BGF to scale its service offerings and pursue strategic acquisitions.
"We are thrilled to partner with BGF and leverage their expertise and resources to take Kubus to the next level. As a business based in the heart of the Cotswolds, we’re proud to be working with businesses and organisations across the world. This investment will allow us to accelerate our global growth plans, innovate faster, and deliver even greater value to our customers. With the added support of Paul Brennan in his new role as non-executive chair, the road ahead looks very exciting indeed."
