Oxford Flow secures £8.45 million to target utilities and industrial sectors
9 Jun 2020
Flow control equipment specialist Oxford Flow has secured £8.45 million to fuel the company’s expansion in the oil and gas product development, utilities and industrial markets.
Of the eight financial contributors, existing investors Oxford Sciences Innovation (OSI), Parkwalk, Oxford Investment Consultants and the University of Oxford contributing a total of £5.6 million.
Additional input comes from GF Piping Systems – a division of Swiss fluid transfer equipment firm Georg Fischer – solo investor Nick Harbinson and companies associated with GK Goh, the Singapore-based investment group.
Oxford Flow CEO Neil Poxon stated: “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 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; enabling continual supplies of potable water and meeting ever-increasing standards for water quality, leakage control and other levels of service.
Poxon addeed: “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.”
Oxford Flow designs and manufactures pressure control equipment using technology developed at Oxford University.
Investment director at Parkwalk Alun Williams credited Oxford Flow with beginning to revolutionise the valve industry through its ground-breaking technology and commercial strategy.