Oxford Flow raises capital to fuel global growth and sector expansion
UK based supplier of pressure regulating valves will use cash to help fund its push into the Middle East and other regions.
Oxford Flow, a pressure control equipment specialist for water and gas distribution, oil and gas and industrial process applications, has raised a multi-million dollar sum in a funding round to support the company’s growth, product optimisation and customer base expansion.
The funding – secured from five new investors and two existing partners – was led by London-based fund management firm, Parkwalk, which invested several million dollars.
The remainder was raised by six other investment groups. This includes funding from the world of academia – with Oxford University and Oxford Sciences Innovation, who already held stakes in Oxford Flow, and the Institute of Mechanical Engineering all contributing. RT Capital Management, UK fund services group Thompson Taraz, and individual investor Simon Henry, former chief financial officer at Shell, make up the rest of the investment.
Neil Poxon, Oxford Flow CEO, said, “To have achieved so much interest from such a varied array of investors – both new and existing – reflects the confidence stakeholders have in the innovative new products, progress made so far and our plans to expand into new sectors and regions.
“This funding will provide a runway for the next two to three years as we grow our business in North America, Central America and the Middle East, driving product development and market readiness for our valves, while we expand our offering.”
Oxford Flow manufactures and designs pressure regulating valves.
Poxon added, “This funding allows us to expand into new sectors in three stages. Initially, we will push further into water and gas distribution – where we already have significant traction – then branch out more widely across upstream, midstream and downstream oil and gas. After that, we plan to expand into the wider industrial process sectors – which include a huge range of applications for our technology – such as chemicals, power generation, food and drink, marine and construction.”
Alastair Kilgour, chief investment officer at Parkwalk said, “We are delighted to add our backing to Oxford Flow as it extends its presence globally. There is almost limitless scope for Oxford Flow’s technology in terms of the sectors it can reach, and we are excited to support them through their next stage of growth.”