Green Washer Machine Start-Up Xeros Raises $15M Led by Invesco

The funding round was led by U.K.-based Invesco Perpetual, which holds a 25% stake, making a $9 million investment with $6 million coming from existing investors; IP Group, Entrepreneurs Fund, Enterprise Ventures’ RisingStars II Fund, Finance Yorkshire, and Parkwalk Advisors. UK-based Xeros, which uses nylon beads to clean clothes with 80% less water and half as much energy as standard washing machines, will use the funds to launch a commercial washer later this year and is launching its first product in the U.S. today.

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