The Development Bank of Wales provides equity and loan financing to support business growth and technological innovation across Wales.
The funding round was led by the Development Bank of Wales to support the development of data science and AI solutions in agri-tech.
"We are delighted to be working with the Development Bank of Wales who were always our preferred key strategic partner for the company and our plans in Wales. Wales is a world leader in both farming and technology. We aim to bridge both of those skills to create innovation in the food supply chain both domestically and internationally."
The investment will support international growth and a relocation of the UK headquarters to Flintshire.
"We are here to support people's active lifestyles, and we want riders to know that we can cover them, plus their bike and equipment, whether on road or trail. This investment will enable us to grow and support the recreational riders as we always have, plus the new riders we can all see rediscovering the freedom and utility of riding a bike in the fresh air."
The funding round was backed by the Development Bank of Wales, private investors, and a Welsh Government grant.
"It has been well documented that nanofibrous material – like those developed by Hybrisian – protect against harmful bacteria. We have studied these properties in depth and have now developed products that are proving to be extremely effective against both harmful bacteria and viruses. Our expertise in this field has prepared us for the challenges presented by the coronavirus pandemic and we are pleased to have been able to develop products which will help."
The Development Bank of Wales provided the loan to finance the final stages of the Victorian railway building regeneration.
"We’re bringing sustainable regeneration to communities across Wales. People want to identify with local heritage and culture in an environment that makes sense for how they want to live, work and shop."
The interim funding was provided by Wealth Club and the Development Bank of Wales to scale up staff.
"Bond is a great example of the many Welsh technology businesses that are supporting the fight against Covid-19. Our investment is testament to our belief in their ability to scale up and make a real difference at this difficult time and to their longer-term growth in the global diagnostics market. We wish them every success."
