Oxitec Raises VC

Oxtiec Ltd., a UK-based developer of environmentally-friendly pest control solutions for situations that affect agriculture or public health, has raised Gbp1.5 million in new VC funding. Return backer Oxford Capital Partners led the deal with a Gbp1 million investment. Other shareholders include East Hill, University of Oxford and company management.

 

PRESS RELEASE

Oxford Capital Partners has announced a follow-on investment into Oxitec Limited (www.oxitec.com), the Oxford based company developing effective and more environmentally friendly techniques to control insect pests that are damaging to agriculture and public health.  Oxford Capital Partners has invested Gbp1m in a round of Gbp1.5.  Existing shareholders of the company include the management team, East Hill and the University of Oxford.

Oxitec was formed in 2002 as a spin out from the University of Oxford and has developed and patented a novel technology (RIDL