Xeros cleans up in funding round

Xeros, a Leeds-based developer of virtually waterless cleaning technology, has received £920,000 in a funding round led by venture capital fund manager Enterprise Ventures (EV).

Xeros’s patented polymer-based cleaning saves up to 90 per cent of the water compared to conventional laundry systems.

The funding round includes investments from EV’s Rising Stars Growth Fund II, South Yorkshire Investment Fund’s Seedcorn Fund, as well as IP Venture Fund.  The money will be used to finance the next stage of the company’s development, and to extend discussions with commercial partners.  

Julian Viggars, EV’s head of technology, commented: “Xeros has made a significant technological breakthrough, which could re-define the future of domestic and commercial washing over time; there are huge market opportunities and the company has attracted significant interest to date.“

Nick Britton

Lexus Ernser

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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