Investment Fund for Wales reaches £18m investment milestone
This milestone was achieved nearly a year and a half after the fund's launch.
Since November 2023, the fund has supported more than 67 Welsh businesses across 71 investments.
The programme, initiated by the British Business Bank, seeks to aid sustainable economic growth.
Among the businesses that recently benefited from the fund are SudoCyber and Nisien.AI.
Mark Sterritt, investment director at the British Business Bank, said: "It's been almost 18 months since the launch of the Investment Fund for Wales and during that period the fund has really gathered momentum, developing both a history and pipeline of investment deals into Welsh businesses that we are positive will enable them to realise their potential.
"As the Investment Fund for Wales matures in the years ahead we expect to see significantly more private capital enter the Welsh investment market, as later funding rounds bring in more specialist investors."
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