News & Insights

Oxford Technology & Innovations EIS Fund (OTIF) subscribes to Brill Power’s $10.5m Series A funding round

  • Brill Power has closed a $10.5m Series A financing led by Legal & General Capital, the alternative asset platform of one of the UK’s leading financial services groups, and Barclays Impact Capital. Existing investors Oxford Investment Consultants, Oxford Science Enterprises, Big Rock Capital and Oxford University also participated.
  • Brill Power’s breakthrough intelligent battery management system saves money, spares increasingly rare materials and accelerates zero emissions.
  • The proven technology is deployed in enterprise stationary storage and residential battery applications.
  • The investment will fund team growth and new product development for stationary energy storage and electric vehicles following a series of successful projects.
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Oxford Technology & Innovations EIS Fund (OTIF) subscribes to the £38m first close of Oxford Quantum Circuits’ ongoing Series A funding round

  • OQC has completed a £38m first close in an ongoing Series A financing co-led by Lansdowne Partners, one of London’s oldest hedge funds, and The University of Tokyo Edge Capital Partners (UTEC), Japan’s largest deeptech VC fund.
  • OQC is Europe’s leading pure-play Quantum Computing as-a-Service company. In February 2022, OQC launched its latest system, Lucy, on Amazon Braket, making it the first European quantum company on AWS.
  • The investment will be used to further scale the company’s quantum systems, boost its private quantum computing as-a-service (QCaaS) offering, consolidate its position in EMEA and international expansion in Asia-Pacific.
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Oxford Technology & Innovations EIS Fund (OTIF) subscribes to exascale compute company Salience Labs’ $11.5m Seed funding round

  • Salience Labs Ltd, a spinout of the Universities of Oxford and Münster, raises $11.5m to develop ultra-high-speed photonics chip and accelerate exponential gains in AI
  • The round was led by Oxford Science Enterprises and Cambridge Innovation Capital with participation from Yew Lin Goh of Leedon Park Ventures, Arm-backed Deeptech Labs and former CEO of Dialog Semiconductor Jalal Bagherli
  • Salience Lab’s technology solves the widening market gap between AI demand for ultra-fast processing and Semiconductor industry supply
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Oxford Technology & Innovations EIS Fund (OTIF) and co-investors subscribe to Oxford University spinout company Orthox Ltd.’s £9.2m Series A funding round

  • Orthox has announced the completion of a further £3.2m to close its £9.2m Series A financing round.
  • Orthox is a clinical stage company developing medical implants to repair damaged knee articular cartilage and other orthopaedic injuries.
  • The financing will support further clinical trials of its lead product, FibroFix™, at Southmead Hospital Bristol, UK and in Budapest, Hungary.
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