Oxford Flow, an Oxford, UK-based flow control equipment specialist, raised £8.45m in funding.
The funding has been secured from eight parties, with existing investors Oxford Sciences Innovation (OSI), Parkwalk, Oxford Investment Consultants and the University of Oxford contributing a total of £5.6m. The remaining amount is made up by GF Piping Systems, a division of Georg Fischer, a Swiss leader in fluid transfer equipment, individual investor Nick Harbinson and companies associated with GK Goh, the Singapore-based investment group.
The company intends to use the funds to scale up its utility and industrials manufacturing, increase headcount in Oxford UK and Houston US, and continue to expand internationally.
Led by Neil Poxon, CEO, Oxford Flow designs and manufactures innovative pressure control equipment using technology developed at Oxford University. The company’s pressure reducing valves (PRVs) and gas pressure regulators can reduce costs for energy, water and process industries.