The Development Bank of Wales provides equity and loan financing to support business growth and technological innovation across Wales.
The funding backed the purchase of a fishing vessel to launch local operations on Anglesey.
"Working on the sea, fishing, and in my local community has always been a dream of mine. Nothing, not even a pandemic would stop me. No challenge is big enough to stop my dreams. My ambition has been rewarded by huge demand from local restaurants and wholesalers. It’s been a phenomenal experience so far."
The seven-figure equity round was led by Insurtech Gateway with backing from the Development Bank of Wales.
"Coincover helps crypto businesses to address the security concerns of the cautious investor and delivers the trust mark they need to stand out in a crowded and wary market. We are the only company in the world with a security product that is backed by Lloyds of London, providing protection from cryptocurrency theft at the individual level and an opportunity to maximise business revenue by enabling our partners to build systems that creates strong trust with their clients."
Wesley Clover and the Development Bank of Wales led the seed financing to accelerate the development of cloud visualisation and editing features.
"With heightened emphasis on the criticality of excellent technology infrastructure, all businesses should be able to maximise the benefits of Infrastructure as Code to speed up software delivery, reduce costs, and improve product quality. Whether it is because of a skills gap, a lack of knowledge, or aninability to deploy it at scale, Infrastructure as Code needs to be made more accessible to a wider cross-section of the business community. We’re excited to launch our platform into that space."
The Development Bank of Wales led the investment to help the clothing resale platform expand its team and technology.
"People are starting to be more conscious of the importance of sustainable clothing. We’ve already seen a 50% increase in sales this financial year as consumers seek out more environmentally conscious fashion options."
The funding comes via the Covid-19 Wales Business Loan Scheme to support ongoing operational costs.
"Whilst the gates are closed, our dedicated and hard-working team are continuing to provide the best care for our amazing animals, as they always do."
