Ocado will provide $13.8m in a series B extension that follows a $47m close in January.
Oxbotica, a UK-based autonomous vehicle software spinout from University of Oxford, has secured a £10m ($13.8m) commitment in a series B extension from grocery delivery service Ocado.
Oxbotica raised $47m in a first tranche featuring commercialisation firm IP Group in January 2021. BP Ventures, the corporate venturing arm of oil and gas company BP, led that close, while internet group Tencent and safety equipment conglomerate Halma also took part.
Investment company BGF, superannuation fund HostPlus, investment firm…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
