Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Inflowmatix, a UK-based Imperial College London spinout focused on water flow analytics services for utilities, yesterday secured £2.8m ($3.4m) from Suez Ventures, the corporate venturing unit of water and waste treatment firm Suez Group. Inflowmatix markets a hydraulic analytics technology called InfraSense that enables water utilities to monitor the condition of their pipelines to prevent incidents and improve cost-effectiveness. Spawned in 2015 from research led by Ivan Stoianov, senior lecturer in water systems engineering at Imperial College London’s Department of Civil and Environmental Engineering, Inflowmatix initially raised $1.6m from Touchstone Innovations – then called Imperial Innovations and since acquired by IP Group – before closing a $4.3m series A round the following year with Touchstone and IP Group’s fund management unit Parkwalk Advisors’ Opportunities Fund, which also supplied an undisclosed sum in March 2018.