Energy tech venture Sero has secured another multi-million pound equity boost to support its growth plans. The Cardiff-based start-up has closed a follow-up round of £6m from the only bank registered in Wales, Hodge, and Legal & General Capital.
Last year the two jointly invested £5.5m in the business. Their latest equity investment takes their combined stake in Sero to 44% (22% each).
Sero’s technology, combined with construction expertise, focuses on affordable outcomes for residents and property owners, currently mainly in the social housing sector. It is helping the decarbonisation of existing homes through retrofitting, as well as the construction of new energy efficient homes such as the Aspen Grove development in Cardiff and Parc Eirin in Tonyrefail.
