Cufflink secures £500k in seed and grant funding led by the Development Bank of Wales to develop its data privacy technology.
The seed round was led by the Development Bank of Wales with backing from angel investors and Innovate UK.
Cufflink is a data privacy and cybersecurity firm based in North Wales. The company develops applications and corporate software to help individuals and organisations manage and secure personal data.
North Wales cybersecurity startup Cufflink has secured £500k in equity and grant funding to advance its data privacy technology. The seed round was led by the Development Bank of Wales alongside a syndicate of London-based angel investors, with additional grant support provided by Innovate UK in collaboration with Bangor University.
The fresh capital will be directed towards product development for the firm's consumer application and corporate software offerings, alongside team expansion at its base in the M-SParc Science Park in Anglesey.
From the founder
"We’re delighted to have secured our first equity investment and very much look forward to continuing to grow and develop alongside the Development Bank of Wales and our Angel co-investors."
Billy Williams
CEO at Cufflink
Investor perspective
"Cufflink is a really exciting cyber security firm with an exceptionally promising future. As a long-term equity partner, we are delighted to be co-investing alongside Angel investors and continuing our collaborative work with Innovate UK, Bangor University and M-SParc. Our collective impact is making a real difference and we’re looking forward to supporting Cufflink on their journey."
Michael Bakewell
Development Bank of Wales
Use of funds
- 01Continue product development
- 02Grow the team