Alumni and private investors have successfully raised over £1.25m ($2.09m) for the University of Oxford Isis Fund, which will now close and invest the money into a range of technology and intellectual property from Oxford, including new Oxford-based software companies.

The University of Oxford Isis Fund was set up in February 2014 by Parkwalk Advisors and Isis Innovation, the university’s research commercialisation arm. The minimum subscription fee was £25,000. It followed the success of the university’s spin-out NaturalMotion, which was…