xénos, the Wales Business Angel Network, made two investments in North and South Wales, UK.
The first deal is related to North Wales-based Kind Consumer, a consumer medical technology company, which is addressing the global nicotine addiction problem.
The company will use the funds – provided by a syndication of angels – to complete product development and clinical trials of a device that helps people to cut down their reliance on tobacco through cigarettes.
The second investment was made in South Wales, where the network has supported SubHub, a developer of a platform for building money-making content websites. SubHub has received un undisclosed amount of financing from xénos angel David Hulston, along with Simon Murdoch, the former managing director of Amazon Europe, who will become company chairman.
In this case, the funds will be used to enable the company to expand on its global category leadership by enhancing its website building and monetization tools, and by offering a range of service options at multiple price points.