Industrial Technology

Xeros Technology Group

Year

2024


Transaction type Equity Capital Markets & Corporate Broking

Sector Industrial Technology

Cavendish is pleased to announce a £5.5 million placing, subscription and retail offer for XEROS Technology Group plc securing vital funding to drive forward their commercialisation strategy.

Xeros has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes. The fundraising proceeds will be used to strengthen Xeros’ balance sheet, enable execution of current contracts, and provide working capital and contingency as Xeros advances its commercialisation efforts and the drive to independent cash generation.

“We’re delighted to have supported Xeros in securing this vital funding, enabling them to drive forward their commercialisation strategy. We look forward to the continued development of their sustainable technologies.”

Contact us