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Cardiff-based Sero, an energy tech firm, announced on Thursday, April 21, that it has secured £6M (approximately €6.8M) from Welsh bank Hodge and Legal & General Capital (LGC).
The latest investment follows an initial investment of £5.5M made by both in December 2021, bringing the combined equity stake of the investors to 44 per cent.
Sero says it will utilise the funds to further develop its technology and expand its operations.
James Williams, Chief Executive Officer at Sero, says “I’m delighted that Sero has secured further investment from Hodge and Legal & General Capital, following on from the initial investment secured at Series A in December 2021.”