Capital advises the Development Bank of Wales on Hexigone investment

Jordan Thomas

Port Talbot-based manufacturing start-up, Hexigone, has received an investment of almost £900,000 from both new and existing investors, including our client, the Development Bank of Wales.

Subject areas: Corporate & Private Equity, Technology

Jordan Thomas, from Capital Law’s corporate team, advised the Development Bank of Wales on this investment round – which will enable the Welsh start-up to expand global sales of its smart corrosion inhibitors.

The cash-injection comes at a key milestone for Hexigone, with recent technical validations leading to commercial sales. The company is also on the verge of completing major deals with two multibillion-pound coating industry giants in Asia.

You can read more about the deal here.