Xeros, a spin-out of Leeds University that commercialised “virtually waterless” laundry cleaning technology, has received £10m ($14.88m) in a series B led by investment manager Invesco Perpetual and joined by existing backers.
Invesco reportedly invested £6m ($8.93m) of the overall sum. The consortium of investors which provided the remaining £4m ($5.95m) included venture firm Enterprise Ventures, Finance Yorkshire, Parkwalk Advisors, Entrepreneurs Funds, and commercialisation manager the IP Group.
The group of backers, along with the Rising Stars Growth Fund, invested…
