The Co Galway vehicle battery technology start-up Xerotech has quietly raised over €24 million in the past two years, new company information reveals.  In a note to its latest annual accounts, closed on December 31, 2020 and signed off on December 21, 2022, Xerotech reported: “The Company has received additional funding of €24,069,000 since the financial year end, from investors which comprises mainly of subscription to 5 per cent unsecured convertible loan notes.” Xerotech executives contacted by The Currency declined to comment on the funding and its utilisation when contacted on Wednesday. Filings also show that Xerotech’s founder Barry Flannery,…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €100.

Subscribe

Cancel anytime.

Are you already a member? .