OSI returned to back its inaugural investment Oxford Flow, which develops actuated pressure valves for industrial pipelines including oil and gas.
Oxford Flow, a UK-based oil and gas flow control equipment spinout of University of Oxford, has secured £8.5m ($10.6m) in a round featuring the university, NS Energy reported yesterday.
University of Oxford was joined by its fellow existing investors, venture fund Oxford Sciences Innovation (OSI), fund management unit Parkwalk Advisors, part of commercialisation firm IP Group, and Oxford Investment Consultants.
Together, the existing shareholders contributed $7m. The remaining $3.6m was invested by GE Piping Systems, a subsidiary of…
