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Portfolio news 2014

Read the latest news on our portfolio companies’ successes.

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Midatech Pharma acquires Q Chip

Midatech Pharma PLC (AIM: MTPH, “Midatech” or the “Company”) is pleased to announce the completion of the acquisition of Q Chip Limited and its subsidiaries (“Q Chip”), following its Admission to trading on the AIM Market of the London Stock Exchange at 8.00am today under the ticker “MTPH”.

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Second Wales Technology Seed Fund Investment backs pre-school children’s VOD app company set up by BinWeevils co-creator, Myke Crosby

OobEdoO, the new digital Subscription Video-On-Demand (SVOD) service for pre-school children has secured significant equity funding from Finance Wales and a xénos business angel with a passion for online education.

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SmartKem Announces Significant Expansion to Meet Market Demand for Flexible Semiconductors

Company perfectly positioned to take advantage of $50 billion market with investment in new flexible transistor fabrication and test facility

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Angel CoFund and Finance Wales back Creo Medical’s innovative devices

Creo raise £3.5m to continue developing the first new electrosurgical system in a generation.

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Yolk Recruitment receives £100,000 boost to aid development

Cardiff-based Yolk Recruitment, a specialist recruitment consultancy operating in the commercial sector, has secured £100,000 funding from Finance Wales to support the expansion of its Cardiff and Bristol offices.

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KK Fine Foods largest expansion to date will create 90 jobs on Deeside Enterprise Zone

KK Fine Foods is creating 90 new jobs on Deeside Enterprise Zone in its largest investment to date, with support from the Welsh Government and Finance Wales

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IMSPEX Diagnostics completes £1.4 million funding round

IMSPEX Diagnostics Limited, an emerging analytical chemistry Company developing innovative point of use devices for monitoring and QC/QA applications in the environmental, food, drink, fragrance and clinical diagnostics markets, announced today it has completed its £1.4 million funding round led by Finance Wales and the Angel CoFund.

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Jellagen Pty Ltd appoints Galvin Mould to the Board as Chairman

Jellagen Pty Ltd, a new medical technology and healthcare company, is pleased to announce the appointment of Galvin Mould as its new Chairman.

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Jellagen Pty Ltd secures £99,985 SMART grant from Innovate UK (previously TSB) to support the development of jellyfish collagen medical devices

Pembroke Dock, UK - 14th October 2014 - Jellagen Pty Ltd, a new medical-tech and healthcare company is pleased to announce the award of £99,985 SMART grant funding from Innovate UK (formally the Technology Strategy Board).

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International launch for Jellagen’s innovative collagen products from jellyfish

Jellagen Pty Ltd – the only company in the UK to provide collagen from jellyfish for the biotech industry - is gearing up for an international launch next month when it joins the Welsh Government delegation to Medica - Europe’s largest Med-Tech event.

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Russell leads buyout of Comtec Group

Mike Russell, CEO of Comtec Group, yesterday completed a buyout of the group with support from Simon Powell, original founder of Comtec, and Finance Wales.

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Genpower Secures £1.5M finance package to support HQ move

Genpower, the Pembrokeshire-based UK distributor of Hyundai Power Equipment, has secured a £1.5 million finance package from HSBC, Finance Wales and the Welsh Government to support the acquisition of its new 110,000 sq ft headquarters.

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Expansion specialist with expansion plans only natural for Teddington

Lewis Hamilton and Mercedes F1 use this Welsh company's products. So did HRH Prince William and the RAF, and if you ever fly Airbus down to Dubai, you'll transit through DXB airport and maybe take the Dubai Metro to arrive at the Burj Khalifa tower (the world's tallest building), you will have been accompanied by Teddington bellows the whole way.

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SmartKem Attracts Series A Funding From High Profile Investment Syndicate

Investment to fund full commercialisation of organic semiconductor technology to enable truly flexible displays and electronics

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Tiger Wales expands its operations and creates new jobs

Danish retail brand, Tiger, is expanding its operations in Wales by opening a new 195 sq metre store in Cwmbran that is set to create 10 new jobs.

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Medaphor announces intention to float on AIM

MedaPhor Group plc (“MedaPhor”), the global provider of advanced ultrasound education and training for medical professionals, is pleased to announce that it has raised £4.7 million in its planned flotation on the AIM market of the London Stock Exchange.

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IP Group plc - Portfolio company Diurnal announces £6m funding round

IP Group plc (LSE: IPO) (“IP Group” or “the Company” or “the Group”), the developer of intellectual property based businesses, is pleased to note that portfolio company Diurnal Limited ("Diurnal") has today announced a fundraising of up to £6 million.

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Bridges Ventures invests in North Wales-based Wholebake

The new investment will support capacity expansion, brand development and the creation of at least 60 jobs in an area of high unemployment

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Diurnal Reports Positive Results from a Phase 2 Study in Congenital Adrenal Hyperplasia patients

Diurnal Limited today announces positive results from its Phase 2 CATCH (Chronocort® As Treatment for Congenital Adrenal Hyperplasia) clinical study in 16 adults with the rare disease Congenital Adrenal Hyperplasia (CAH).

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Gambit Advises on Pinnacle Telecom Management Buyout

Gambit Corporate Finance LLP has acted as lead advisor on the management buyout of Pinnacle Telecom (Wales), for an undisclosed sum. Institutional funding was provided by Finance Wales, alongside a significant investment by Dean Stewart, Pinnacle’s Managing Director.

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Clinithink debuts CLiX ENRICH platform, raises additional capital from existing investors to fuel growth

New data abstraction capabilities designed to enable clinical analysis London, UK. (June 30, 2014) - Clinithink, an industry leading provider of technology to manage unstructured healthcare data, today announced its new data abstraction platform, CLiX ENRICH, and a further multi-million dollar equity finance deal with its existing institutional investors: New York-based Vanguard Atlantic and UK-based Finance Wales.

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Oxford Capital and Finance Wales back specialist wound treatment business BioMonde for US roll-out

Oxford Capital and Finance Wales have jointly financed a £3.5 million funding round in BioMonde, an established and profitable wound care business. BioMonde has developed an innovative larval (maggot) therapy for hard-to-treat wounds which makes healing possible. The investment will be used to set up a US production plant and launch BioMonde in the US market.

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Vista Retail Support Announces Successful Secondary Management Buyout

Vista Retail Support has announced that its senior management team has completed a management buyout of the business, with the support of private equity house WestBridge Capital. The secondary buy out was valued at £12.3 million.

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Xwavia secures seven-figure investment from Finance Wales

A mid Wales-based broadband provider has secured a £1.2 million investment from Finance Wales to deliver superfast broadband to areas in Wales suffering as a result of poor broadband connectivity.

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Jellagen Pty Ltd completes £550,000 equity investment from Finance Wales, xénos and SWAIN to produce and commercialise medical grade jellyfish collagen and products.

Jellagen Pty Ltd, a new medical-technology and healthcare company announces the completion of a £550,000 equity investment led by Finance Wales with co-investment by members of xénos, the Wales Business Angel Network and SWAIN.

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Vizolution wins Innovative Software of the Year award

vScreen, the patented screen sharing solution from Vizolution has been named Innovative Software of the Year at the ESTnet Awards 2014, which took place on 27th March at the SWALEC Stadium, Cardiff.

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Mercia Fund Management and Finance Wales lead significant investment in Electronic Design Automation start-up

Thalia Design Automation Limited (Thalia) today announced completion of its A round funding and imminent beta availability of its range of innovation Electronic Design Automation (EDA) tools. Thalia will provide chip designers with a new generation of tools for optimising analogue, mixed signal and power designs.

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Genpower to create 35 new jobs in Haven Waterway Enterprise Zone with Welsh Government support

Genpower is expanding operations, it has moved into the former Cambrian Windows site and is set to create up to 35 new jobs in the Haven Waterway Enterprise Zone with financial support from the Welsh Government.

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Seren Photonics raises £1.9M to scale up production of its revolutionary semi & non-polar GaN templates

Seren Photonics Ltd (“Seren”), is pleased to announce it has secured significant funding that will enable it to begin the volume manufacture of its world class semi-polar and non-polar GaN templates for the rapidly expanding LED based General Lighting market.

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Datacentre set to create £20m annual benefits to Welsh economy

An independent state-of-the art data centre that opened in South Wales two years ago has forecast its services will benefit the Welsh economy by £20m annually over the next five years.

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BioMonde secures requisite product and marketing licences to expand use of its larval therapy products in two significant wound care markets - USA and Europe.

The US Food & Drug Administration (FDA) have approved both formats of Larval Therapy product (Free Range and BioBag) as medical devices.

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Cardiff skate park gets green light for launch

A new social enterprise is set to open Cardiff’s first indoor skate park and art space this Spring having attracted start-up investment from the Wales Micro-business Loan Fund.

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Wales Environmental expands with the acquisition of Cardiff Drain Cleaning Company

Wales Environmental, one of the UK’s fastest-growing waste management companies, has acquired Cardiff Drain Cleaning Company (Cardiff Drain) for an undisclosed sum from owners, Jimmy and Teri Gee. Jimmy Gee, who set up Cardiff Drain in 1975, will remain in a consultative capacity whilst Teri Gee will take up a part-time role going forward.

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Three Stars Shine over Educ8 Ltd

Valleys-based work-based learning provider, Educ8 Ltd, has just been awarded three star status by the prestigious workplace engagement specialists, Best Companies.

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Ex-Remploy staff back in business with furniture company of their own

Former employees of the Remploy factory in Neath Port Talbot have come together to launch their own furniture business.

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Welsh firm invests in export drive

A Welsh manufacturer has launched an ambitious export drive on the back of a £250,000 investment.

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