£8m Wales Angel Co-Investment Fund, managed by Development Bank of Wales, passive fund coordinated by Angels Invest Wales. Launched June 2018; 60+ investment rounds across 48 businesses, £10m leveraged from 520 investments. 200+ angel investors on platform. Angels bring business experience, mentoring, networking support. Targets 80 businesses, 375 job creation over 5 years. No permanent staff structure; relies on lead investors & DBank team.
Investment Focus
Investment Thesis
£8m passive fund managed by Development Bank of Wales. Co-invests alongside angel syndicates in equity/loans up to £350k max per deal. Max 50% of deal value. Wales-only geographic focus. Sectors: biotech, fintech, healthtech, SaaS, ICT. No conflicts of interest (family/friends of syndicate members). Supports SEIS/EIS schemes. Seed-stage bias. Requires syndicate structure with min 3 investors incl. lead.
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