An Irish company that has been developing a rainwater collection device for use by households and businesses – Ozone Industries – has raised an additional \u20ac1.7m from investors in recent months.<\/p>\n
It brings to well over \u20ac5m the amount the Wicklow-based company has raised since it was founded in 2010.<\/p>\n
An investment firm headed by the founders of sports channel Setanta is a backer of the Wicklow firm that develops rainwater collection devices for residential and commercial use.<\/p>\n
Danu Advisory Partners, which is controlled by Setanta co-founders Michael O’Rourke, Leonard Ryan, and Mark O’Meara, has invested \u20ac750,000 in Ozone Industries, which trades as Rainsafe Waters.<\/p>\n
Money recently raised by Ozone was sourced from investors including Hopeford, a company controlled by Henry and Marie Bolger. They’re part of the family that owns Dublin-based engineering company Modern Plant. They invested \u20ac200,000 in Ozone in recent weeks.<\/p>\n
Modern Plant has previously directly invested in Ozone. A number of existing investors in the company have also provided it with fresh funds.<\/p>\n
Among those is Martina Annamalai, who is based in Malaga, Spain. Ms Annamalai is a director of UK company Janegi Investments, in which Dublin-based Rajendran Annamalai is also a director.<\/p>\n
Enterprise Ireland has also invested a substantial amount of money in Ozone. Other investors include energy entrepreneur Louis Fitzgerald. He’s one of the original investors in Airtricity, which was founded by Eddie O’Connor.<\/p>\n
The latest publicly available set of accounts for Ozone, for 2013, show that it made a \u20ac1.5m loss that year.<\/p>\n
Irish Independent<\/p>\n","protected":false},"excerpt":{"rendered":"
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