Oxford Flow, a spin-out from the University of Oxford’s Thermofluids Institute, has raised €23.7 million in a Series C funding round co-led by bp Ventures and Energy Impact Partners (EIP).

The funding will enable the company to scale its operations, expand production capacity, and advance its valve and regulator technologies, which aim to enhance reliability, reduce maintenance, and minimise fugitive emissions in the energy sector.

Neil Poxon, CEO of Oxford Flow, commented: “Since our inception at the OTI at the University of Oxford, we have been all about creating solutions for the energy sector. Oxford Flow was borne out of a want to revolutionise valve technology that seemed to have remain ed stagnant for more than 100 years.

We’re proud of what we’ve achieved over the last nine years , having been granted almost 60 patents for our technology. ​With this recent investment we look forward to expanding our team and production capacity, and most importantly, exploring ways Oxford Flow can help the industry reduce fugitive emissions,” he added.

Founded in 2015 by Professor Thomas Povey, Oxford Flow specialises in reimagining valve design. Their product range includes gas and liquid regulators, actuated valves and ancillary products. Its technology aims to eliminate mechanical drive trains, stems, and diaphragms, significantly reducing wear and mitigating failure risks. This makes its products relevant for addressing challenges such as methane emissions—an important focus area for global greenhouse gas reduction efforts.

Gareth Burns, Vice President of bp Ventures, said: “Oxford Flow’s technology could be important for bp’s core operations, helping reduce maintenance and downtime costs at our production facilities , as well as being utilised for other emerging businesses such as hydrogen. We’re excited to be investing in a UK business and the economy as we look for new ways to increase reliability in our operations.”

“We look forward to supporting Oxford Flow in partnership with bp Ventures as the company scales up its operations,” commented Steven Yang, Principal at EIP. “Methane emission reduction is one of the most cost – effective strategies for global greenhouse gas abatement. We believe Oxford Flow’s innovative valves and regulators are strategically important for upstream, midstream, and gas utility operators focused on minimising fugitive emissions and lowering operating costs. We also see Oxford Flow playing an important role in enabling infrastructure for use – cases such as hydrogen, ammonia, and captured CO2.”