The Development Bank of Wales provides equity and loan financing to support business growth and technological innovation across Wales.
Deepbridge Capital led the Series A round with participation from the Development Bank of Wales to accelerate expansion into the US market.
"Deepbridge is committed to fostering innovation and growth in businesses with truly disruptive market potential, and we believe that Thalia definitely falls into that category,"
The Development Bank of Wales led the round with a £500k investment alongside private investors.
"OpenGenius is excited to gain this investment; it will play a big part in the company’s development over the next year as we continue to expand our international customer base."
The funding round was backed by the Development Bank of Wales, angel investors, and Innovate UK.
"The funding package from the Development Bank and other co-investors will help Hexigone achieve full-scale commercialisation and distribution of the product. This makes it a perfect fit for the Wales Technology Seed Fund which supports innovative University spin-out companies and helps them bring their products to market, creating high value jobs and wealth in Wales."
The funding round was led by Andrew Diplock alongside the Development Bank of Wales.
"The future is exciting for Rescape and with the new funding, the business will be able to make the right investment at the right time with innovative technology in the developing healthcare sector. I was pleased to be able to introduce this South Wales based business to a group of leading and experienced businesspeople– they all agreed to back the exciting future development of this company. I focus my investment activity on high growth potential South Wales-based businesses. Rescape Innovation certainly fits the bill and I look forward to working with the management team in the years to come."
The health tech start up has secured institutional backing to expand its operations in Chepstow.
"I have an affinity for technology-based companies that have an innovative and disruptive proposition backed by great people. Forth ticks this box and the management team crucially also have the energy, passion, determination to succeed at all costs"
