Oxford Flow, the flow control equipment specialist based in the city, has raised £8.45 million to fuel the company’s expansion across the utility and industrials markets, and oil and gas product development.
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.
Neil Poxon, Oxford Flow CEO, says: “To have secured strategic capital at this point in our evolution is testament to our products and people. This investment will support our growth as we rapidly scale up our utility and industrials manufacturing, increase headcount in Oxford UK and Houston US, and continue to expand internationally”.
This funding includes a significant investment by GF Piping Systems, into Oxford Flow’s utility and industrials business to access its new technology for value creation within Georg Fischer’s largest division. Oxford Flow’s pressure regulating valve is one of the company’s key innovations; for the water sector it enables utilities to deliver continual supplies of potable water and meeting ever-increasing standards for water quality, leakage control and other levels of service.
Poxon comments: “Our technology delivers many benefits to utility and industrial customers centred around a core theme of simplicity, reliability and intelligence. We offer water utilities a way to reduce non-revenue water from their networks. This is a mounting challenge globally and the investment allows us to continue to expand our operations to strengthen the resilience of water networks globally.”
Alun Williams, Investment Director at Parkwalk adds: “Oxford Flow is beginning to revolutionise the valve industry through its ground-breaking technology and exciting commercial strategy. It is precisely the type of transformative company Parkwalk is seeking to support so we are delighted to be part of this latest funding round.”