The Development Bank of Wales provides equity and loan financing to support business growth and technological innovation across Wales.
The funding follows a previous loan in 2022 and will support international growth, product development and marketing.
"We’re a small business with sport in our DNA and we’re focussed on doing one thing well – making the world’s greatest sport tapes. We have now sold over five million meters of our flagship kinesiology tape and we’re teaching techniques and skills to athletes all over the world to master faster and more effective tape applications."
The funding marks the third investment by the Development Bank in Mallows Beauty, taking total support to over £1m.
"With a focus on self-love, body positivity and female empowerment, our ethical products are made for real skin, and real bodies. We make people feel good and as we enter the next chapter of our growth, we’re feeling really positive about the power of our brand as a beacon of change in the beauty and skincare industry."
The funding package from the Development Bank of Wales and Visit Wales supports the hotel in achieving a four-star standard.
"With ten bedrooms and a 90-cover restaurant, the White Lion has always been a busy spot in Machynlleth which is popular with locals and tourists alike. During the second lockdown the White Lion varied its license and now opens from 8am for food and drink, with hot food served from 8am until 9pm seven-days a week, 364 days a year."
The Development Bank of Wales led the round to support the commercialisation of the company's caregiving technology.
"The elderly population is rapidly growing, and the care sector is struggling to keep pace. We need over a 50% increase in paid carers by 2030 to ensure adequate care. The current situation calls for innovative AI solutions, like Hestia, to address the urgent need for caregivers and fulfil the care sector’s economic and job creation potential,"
The funding follows a previous loan during the pandemic and allows the motorsport business to expand into a larger facility.
"Since my early days of racing, I have always believed that success is a team effort be that on the track or in the boardroom. We’ve got a great team at Blendini and with the continued support of the Development Bank, we now have the right premises to supercharge our growth and reduce operational costs. It’s a win-win as we continue to see increased demand for our experience days and associated services."
