Portfolio
2
companies
Drone Evolution
Drone Evolution provides specialised tethered drone services and training.
Hexigone Inhibitors
Hexigone Inhibitors develops smart corrosion protection technologies for industrial metals.
Phil Buck
Industry expert and investor
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 was led by Andrew Diplock as the first deal for the Wales Angel Co-investment Fund.
"This is a show of faith from investors that this is a business that’s worth investing in, and they think it’s an exciting opportunity in a sector that’s growing fast."
