# Indycube Ventures

Indycube Ventures is a Venture Capital based in Cardiff, United Kingdom.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Cardiff, United Kingdom
- **Region:** Europe
- **Address:** Cardiff, Wales, United Kingdom
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** indycube.community
- **LinkedIn:** linkedin.com/company/indycube-limited

## Regulatory record

- **Reports private funds:** No

## About

Indycube Ventures is a UK-based investment company headquartered in Cardiff. It employs a Venture Capital strategy.

## People

- Mark Hooper — Founder
- David Hulston — Co-Founder

## Questions

### How does Indycube Ventures source its investment opportunities?

The firm sources primarily through the Indycube coworking network, which operates multiple locations across Wales. This proximity-based model gives the venture team early visibility into startups working inside their own facilities. The network functions as a physical scouting infrastructure, supplemented by relationships with regional co-investors such as Cardiff Council and the Welsh Government.

### Is Indycube Ventures structured as a traditional venture capital fund?

No. Indycube Ventures does not appear to operate a conventional blind-pool fund. Instead, it makes direct seed-stage investments, often alongside public bodies, in companies connected to the Indycube coworking ecosystem. Its investment pace and structure are difficult to benchmark because the firm does not publicly disclose a committed capital figure or fee schedule.

### Who runs investment decisions at Indycube Ventures?

Decision-making authority sits with co-founders Mark Hooper and David Hulston. Hooper is the founder of the broader Indycube network, while Hulston brings an angel-investing background. The firm has not published the existence of a formal investment committee or additional investment partners beyond the two co-founders.

### What is the relationship between Indycube Ventures and the Welsh Government?

The relationship is collaborative and funding-connected. The Welsh Government, through its Digital Development Fund, provided financial support for Indycube Ventures' early-stage activities. Additionally, the government has co-invested alongside the firm in at least one seed round, signaling a shared interest in developing Wales' tech startup ecosystem.

## Related profiles

- [Indus Valley Capital](https://altss.com/profile/indus-valley-capital)
- [Ineda Venture Group](https://altss.com/profile/ineda-venture-group)

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Last updated: 2026-06-03T20:00:00.000Z

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