Oxford Technology & Innovations EIS Fund (OTIF) invests £1.2m in Series B funding into University of Oxford spinout company Oxford Flow Ltd
News - 31st July 2020
- Oxford Flow Ltd is commercialising a range of novel flow regulating valves for oil, gas, water and industrial process industries.
- OTIF’s investment was advised by Oxford Investment Consultants LLP and was part of a £9.1m round which included strategic investment from GF Piping Systems.
- This is the second OTIF investment in Oxford Flow Ltd to date, bringing total funds invested by OTIF in the company to £1.7m.
Oxford Investment Consultants LLP (OIC), is pleased to announce a £1.2m investment from the Oxford Technology and Innovations EIS Fund (OTIF) into Oxford Flow Ltd (Oxford Flow), a spinout from the Oxford University Engineering Department’s Osney Thermo-Fluids Laboratory. The company was founded by Prof Thomas Povey in 2015 following research into jet turbine design. This research highlighted the inability of existing valve technology to control huge energy fluxes cost effectively, as well exposing conventional valves’ poor reliability and practicality—largely due to weight and complexity.
Oxford Flow is commercialising a new type of flow regulating valve for gases and liquids. With mechanical properties superior to any product currently on the market, valves designed using Oxford Flow’s IP are smaller, lighter and more reliable than existing comparable valves. Oxford Flow’s technology has significantly fewer moving parts than a typical valve, which means the product is virtually maintenance free, offering substantial OpEx savings. Customers include water and gas utilities, the oil and gas industry and multiple industrial processes.
The Series B was supported by existing investors OTIF, Oxford Sciences Innovation (OSI), Parkwalk Advisors and the University of Oxford. The round also included strategic investment from GF Piping Systems, a division of Georg Fischer, a Swiss leader in fluid transfer equipment, into a newly created subsidiary catering to the high-volume non-oil and gas markets.
Commenting on the investment, Christopher Hall, Managing Partner of OIC, said “We’re thrilled to announce our second investment in Oxford Flow. The company’s technology is truly transformative for fluid control in wide range of industries. The creation of a subsidiary to concentrate focus on specific markets is a first step towards fully realising the value of the opportunities presented and we’re delighted to welcome Georg Fischer onboard as a fellow investor. OIC’s ongoing support for Oxford Flow is a great demonstration of our firm’s mission to help grow potential future sector leaders commercialising truly ground-breaking technologies.”
Further information on Oxford Flow Ltd can be found here.