Back to Investors
The Development Bank of Wales

The Development Bank of Wales

Government

The Development Bank of Wales provides sustainable finance to businesses that benefit Wales and its people.

Portfolio

2

companies


Portfolio companies

O

Operati

Operati offers specialist software to help manufacturing businesses streamline bespoke production.

Coincover

Coincover

Coincover provides digital asset protection and recovery services for cryptocurrency holders.


Team

MW

Matthew Wilde

Investment Executive


Recent investments

Pre-Seed
£480K

Waterspring Ventures and The Development Bank of Wales backed the round alongside company founders.

"Our mission at Operati is to offer a completely new approach, creating the first SaaS estimating solution of its kind on the SME market. With a cloud-based end-to-end system built from the ground up specifically for bespoke products and projects, our focus is entirely on meeting customers' needs. We are providing the industry with a much-needed all-in-one estimating and quoting solution, giving access to the latest sales intelligence technology to help SMEs boost their businesses."
— David James, CEO
Seed
£6.7M

Element Ventures led the Series A round to support team expansion and product development.

"Crypto can be complex and confusing and people have valid fears around the safety of their funds. With Coincover, we are providing a fundamental building block for a rapidly maturing market by ensuring that people can be protected against making a mistake that can end up costing them thousands. This investment means we can rapidly scale our growth to market and consumer demands, and in doing so ensure more people can invest in crypto safely."
— David Janczewski, CEO and co-founder